Common use of Vesting of Executive Securities Clause in Contracts

Vesting of Executive Securities. (a) (i) 180 units of the Class A Common and (ii) 257.14 units of Preferred Interests evidenced by certificates issued in connection therewith are fully vested as of the date hereof and are not subject to the terms of Section 4 below. The Vesting Executive Securities originally acquired by the Executive will become vested in accordance with the following schedule if, as of each such date, the Executive is still employed by the Company or its Subsidiaries; Cumulative Percentage of Units of Vesting Executive Date Date Securities Which Will Vest -------------------------------------------------------- ------------------------------- First anniversary of the date hereof ("Year 1") 20% Second anniversary of the date hereof ("Year 2") 40% Third anniversary of the date hereof ("Year 3") 60% Fourth anniversary of the date hereof ("Year 4") 80% Fifth anniversary of the date hereof ("Year 5") 100% provided, that all Vesting Executive Securities shall automatically vest in connection with a Sale of the Company.

Vesting of Executive Securities. (a) (i) 180 units of the Class A Common and (ii) 257.14 units of Preferred Interests evidenced by certificates issued in connection therewith are fully vested as of the date hereof and are not subject to the terms of Section 4 below. The Vesting Executive Securities originally acquired by the Executive will become vested in accordance with the following schedule if, as of each such date, the Executive is still employed by the Company or its Subsidiaries; Cumulative Percentage of Units of Vesting Executive Date Date Securities Which Will Vest -------------------------------------------------------- ------------------------------------------------------ ------------------------------- First anniversary of the date hereof ("Year 1") 20% Second anniversary of the date hereof ("Year 2") 40% Third anniversary of the date hereof ("Year 3") 60% Fourth anniversary of the date hereof ("Year 4") 80% Fifth anniversary of the date hereof ("Year 5") 100% provided, that all Vesting Executive Securities shall automatically vest in connection with a Sale of the Company.

Vesting of Executive Securities. (a) (i) 180 units of the Class A Common and (ii) 257.14 units of Preferred Interests evidenced by certificates issued in connection therewith are fully vested as of the date hereof and are not subject to the terms of Section 4 below. The Vesting Executive Securities originally acquired by the Executive will become vested in accordance with the following schedule if, as of each such date, the Executive is still employed by the Company or its Subsidiaries; Cumulative Percentage of Units of Vesting Executive Date Date Securities Which Will Vest -------------------------------------------------------- --------------------------------------------------------- ------------------------------- First anniversary of the date hereof ("Year 1") 20% Second anniversary of the date hereof ("Year 2") 40% Third anniversary of the date hereof ("Year 3") 60% Fourth anniversary of the date hereof ("Year 4") 80% Fifth anniversary of the date hereof ("Year 5") 100% provided, that all Vesting Executive Securities shall automatically vest in connection with a Sale of the Company.

Vesting of Executive Securities. (a) (i) 180 360 units of the Class A Common and (ii) 257.14 514.28 units of Preferred Interests evidenced by certificates issued in connection therewith are fully vested as of the date hereof and are not subject to the terms of Section 4 below. The Vesting Executive Securities originally acquired by the Executive will become vested in accordance with the following schedule if, as of each such date, the Executive is still employed by the Company or its Subsidiaries; Cumulative Percentage of Units of Vesting Executive Date Date Securities Which Will Vest -------------------------------------------------------- ------------------------------------------------ ------------------------------- First anniversary of the date hereof ("Year 1") 20% Second anniversary of the date hereof ("Year 2") 40% Third anniversary of the date hereof ("Year 3") 60% Fourth anniversary of the date hereof ("Year 4") 80% Fifth anniversary of the date hereof ("Year 5") 100% provided, that all Vesting Executive Securities shall automatically vest in connection with a Sale of the Company.