Common use of Vesting of Company Clause in Contracts

Vesting of Company. Match Class A Units issued prior to the Effective Date shall occur as follows, unless the applicable Management Holder provides the Company with written notice of his or her election to forfeit such vesting Company Match Class A Units prior to the applicable vesting date (the “Vesting Schedule”) and if a Management Holder elects to so forfeit such vesting Company Match Class A Units, the schedules hereto shall be updated by the Company without any further action on the part of the Company or any Management Holder: * [Confidential treatment requested] Months of continuous Employment with CHEC Vested Percentage [*] [* ] [*] [* ] [*] [* ] [*] [* ]

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

AutoNDA by SimpleDocs

Vesting of Company. Match Class A Units issued prior to the Effective Date shall occur as follows, unless the applicable Management Holder provides the Company with written notice of his or her election to forfeit such vesting Company Match Class A Units prior to the applicable vesting date (the “Vesting Schedule”) and if a Management Holder elects to so forfeit such vesting Company Match Class A Units, the schedules hereto shall be updated by the Company without any further action on the part of the Company or any Management Holder: * [Confidential treatment requested] Months of continuous Employment with CHEC Vested Percentage [*] [* ] [*] [* ] [*] [* ] [*] [* ]

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.