Vesting of Class B Units Sample Clauses

Vesting of Class B Units. The Class B Units granted to the Management Securityholder hereunder shall vest and become Vested Class B Units as provided in this Section 2.3:
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Vesting of Class B Units. The Class B Units granted to the Participant hereunder shall be eligible to vest as provided in this Section 2.3:
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Vesting of Class B Units. Subject to the other terms and conditions of this Section 2, the Class B Units shall become non-forfeitable over a four-year period with 25% of the Class B Units becoming non-forfeitable at the end of each of the first four anniversaries of the date on which the Effective Time falls, subject to the Executive’s continued employment with the Company on each applicable anniversary date. Notwithstanding the foregoing, allocations of profits and losses and distributions with respect to the Class B Units shall be made in accordance with Article VIII of the LLC Agreement without regard to whether or not the Class B Units are non-forfeitable.
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Vesting of Class B Units. (a) Except as otherwise provided in paragraph 2(b) below, the Class B Units purchased hereunder will become vested in accordance with the following schedule, if as of each such Anniversary Date, Executive is and has continued to be employed by the General Partner, the Partnership or the LLC: Cumulative Percentage Anniversary of Class B Units Date that are Vested Class B Units ---------- ------------------------------ 6/30/2002 25% 6/30/2003 50% 6/30/2004 75% 6/30/2005 100%
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Vesting of Class B Units. Subject to Sections 4(b) and 4(c) below, 20% of the Class B Units granted hereunder will vest effective as of the end of each fiscal year commencing at the end of the fiscal year ended October 31, 2006, so long as the Executive remains continuously employed by the Company or any of its Subsidiaries until the end of each such fiscal year; provided that for fiscal years following October 31, 2006, unless the Executive’s employment by the Company and its Subsidiaries is terminated by the Company for Cause or voluntarily by the Executive, the Class B Units that would vest in such fiscal year will vest on a daily basis, such that if Executive’s employment by the Company terminated during such fiscal year the number of Class B Units that would vest with respect to such fiscal year would be equal to (i) the product of 0.20 multiplied by the number of Class B Units held by the Executive, multiplied by (ii) a fraction, the numerator of which is equal to the number of days that have elapsed in such fiscal year prior to the date such termination occurs, and the denominator of which is 365.
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Vesting of Class B Units 
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Related to Vesting of Class B Units

  • Vesting of LTIP Units The restrictions and conditions in Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below: Portion of Award to Vest Vesting Date 33.33% [Grant Date,] 2017 33.33% [Grant Date,] 2018 33.33% [Grant Date,] 2019 Total: 100% of Award

  • Vesting of Units For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreement, the PSUs will vest and become non-forfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals for payout set forth in the attached Exhibit A, (b) the certification of the performance results for the PSUs by the Committee, and (c) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the performance goals set forth on the attached Exhibit A and shall be rounded to the nearest whole PSU.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Vesting of RSUs (a) Subject to Participant’s continued employment with or service to a Company Group Member on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice.

  • Vesting of Shares The shares acquired hereunder shall vest in accordance with the provisions of this Paragraph 7 and applicable provisions of the Plan, as follows:

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Class B Units The term “Class B Units” means the Units having the privileges, preferences, and rights specified with respect to “Class B Units” in this Agreement, including those described in Section 7.1(c)(3).

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