Common use of Vesting of Common Units Clause in Contracts

Vesting of Common Units. The Management Stock Contribution shall include both the Vested Shares and Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement. Management Stockholder shall receive from the Company at the Closing a number of Common Units representing the number of Vested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (together with the other Common Units, the "Vested Common Units") and a number of Common Units representing the number of Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (the "Unvested Common Units"). 634,442 of the Common Units held by Management Stockholder set forth on Schedule A shall be subject to the following vesting schedule (expressed as a percentage of 634,442 Common Units): INSTALLMENT VESTING DATE APPLICABLE TO INSTALLMENT ---------- -------------------------------------- 20% December 17, 2000 20% December 17, 2001 20% December 17, 2002 20% December 17, 2003 20% December 17, 2004

Appears in 1 contract

Samples: Contribution Agreement (Appliance Warehouse of America Inc)

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Vesting of Common Units. The Management Stock Contribution shall include both the Vested Shares and Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement. Management Stockholder shall receive from the Company at the Closing a number of Common Units representing the number of Vested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (together with the other Common Units, the "Vested Common Units") and a number of Common Units representing the number of Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (the "Unvested Common Units"). 634,442 2,318,493 of the Common Units held by Management Stockholder set forth on Schedule A shall be subject to the following vesting schedule (expressed as a percentage of 634,442 2,318,493 Common Units): INSTALLMENT VESTING DATE APPLICABLE TO INSTALLMENT ---------- -------------------------------------- INSTALLMENT ----------- ----------- 20% December 17, 2000 20% December 17, 2001 20% December 17, 2002 20% December 17, 2003 20% December 17, 2004

Appears in 1 contract

Samples: Contribution Agreement (Coinmach Corp)

Vesting of Common Units. The Management Stock Contribution shall include both the Vested Shares and Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement. Management Stockholder shall receive from the Company at the Closing a number of Common Units representing the number of Vested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (together with the other Common Units, the "Vested Common Units") and a number of Common Units representing the number of Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (the "Unvested Common Units"). 634,442 4,539,406 of the Common Units held by Management Stockholder set forth on Schedule A shall be subject to the following vesting schedule (expressed as a percentage of 634,442 4,539,406 Common Units): INSTALLMENT VESTING DATE APPLICABLE TO INSTALLMENT ---------- -------------------------------------- 20INSTALLMENT ----------- ----------- 25% December 17, 2000 2025% December 17, 2001 2025% December 17, 2002 2025% December 17, 2003 20% December 17provided, 2004however, that if Kerrigan ceases to be employed by the Company and its Subsidiaries xx xxx date other than any anniversary date, the cumulative percentage to become vested will be determined on a pro-rata basis according to the number of days elapsed since the prior anniversary date.

Appears in 1 contract

Samples: Contribution Agreement (Coinmach Corp)

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Vesting of Common Units. The Management Stock Contribution shall include both the Vested Shares and Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement. Management Stockholder shall receive from the Company at the Closing a number of Common Units representing the number of Vested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (together with the other Common Units, the "Vested Common Units") and a number of Common Units representing the number of Unvested Shares of EPP Common Stock held by Management Stockholder under the CLC Equity Purchase Agreement on the date of the Closing (the "Unvested Common Units"). 634,442 4,539,406 of the Common Units held by Management Stockholder set forth on Schedule A shall be subject to the following vesting schedule (expressed as a percentage of 634,442 4,539,406 Common Units): INSTALLMENT VESTING DATE APPLICABLE TO INSTALLMENT ---------- -------------------------------------- 20INSTALLMENT ----------- ----------- 25% December 17, 2000 2025% December 17, 2001 2025% December 17, 2002 2025% December 17, 2003 20% December 17provided, 2004however, that if Xxxxxxxx ceases to be employed by the Company and its Subsidiaries on any date other than any anniversary date, the cumulative percentage to become vested will be determined on a pro-rata basis according to the number of days elapsed since the prior anniversary date.

Appears in 1 contract

Samples: Management Contribution Agreement (Appliance Warehouse of America Inc)

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