Common use of Vesting of Executive Securities Clause in Contracts

Vesting of Executive Securities. (a) Except as otherwise provided in Section 2(b) below, the Vesting Executive Securities shall become vested in accordance with the following schedule, if as of each such anniversary date Executive is employed by BrightView or any of its Subsidiaries: Cumulative Percentage of Vesting Executive Anniversary Date Securities Vested ------------------------ ------------------------------- September 30, 1997 20% September 30, 1998 40% September 30, 1999 60% September 30, 2000 80% September 30, 2001 100% (b) If Executive ceases to be employed by the Operating LLC and its Subsidiaries on any date other than any anniversary date prior to September 30, 2001, the cumulative percentage of Vesting Executive Securities to become vested shall be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. If Executive is employed by the Operating LLC upon the occurrence of a Sale of the Company or a Qualified IPO, all shares of Vesting Executive Securities which have not yet become vested shall become vested at the time of such event. The Vesting Executive Securities which have become vested and the Executive Securities which are not Vesting Executive Securities are collectively referred to herein as the "Vested Securities," and Vesting Executive Securities which have not become vested are referred to herein as the "Unvested Securities."

Vesting of Executive Securities. (a) Except as otherwise provided in Section 2(b) below, the Vesting Executive Securities shall become vested in accordance with the following schedule, if as of each such anniversary date Executive is employed by BrightView or any of its Subsidiaries: Cumulative Percentage of Vesting Executive Anniversary Date Securities Vested ------------------------ ---------------- ------------------------------- September 30, 1997 20% September 30, 1998 40% September 30, 1999 60% September 30, 2000 80% September 30, 2001 100% (b) If Executive ceases to be employed by the Operating LLC and its Subsidiaries on any date other than any anniversary date prior to September 30, 2001, the cumulative percentage of Vesting Executive Securities to become vested shall be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. If Executive is employed by the Operating LLC upon the occurrence of a Sale of the Company or a Qualified IPO, all shares of Vesting Executive Securities which have not yet become vested shall become vested at the time of such event. The Vesting Executive Securities which have become vested and the Executive Securities which are not Vesting Executive Securities are collectively referred to herein as the "Vested Securities," and Vesting Executive Securities which have not become vested are referred to herein as the "Unvested Securities."

Vesting of Executive Securities. (a) The Executive Securities shall be subject to vesting in the manner specified in this Section 2. (b) Except as otherwise provided in this Section 2(b) below2, the Vesting Executive Securities shall become vested in accordance with the following schedule, if as of each such anniversary date Executive is employed by BrightView the Company or any of its Subsidiaries: Cumulative Percentage First Anniversary of Initial Vesting Executive Date 20 % Second Anniversary of Initial Vesting Date Securities Vested ------------------------ ------------------------------- September 30, 1997 2040 % September 30, 1998 40Third Anniversary of Initial Vesting Date 60 % September 30, 1999 60Fourth Anniversary of Initial Vesting Date 80 % September 30, 2000 80% September 30, 2001 100Fifth Anniversary of Initial Vesting Date 100 % (bc) If Executive ceases to be employed by the Operating LLC and its Subsidiaries on any date other than any anniversary date prior to September 30, 2001, the cumulative percentage of Vesting Executive Securities to become vested shall be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. If Executive is employed by the Operating LLC upon Upon the occurrence of a Sale of the Company or a Qualified IPOCompany, all shares of Vesting Executive Securities which have not yet become vested shall become vested at as of the time date of consummation of the Sale of the Company, if, as of such event. The date, Executive has been continuously employed by the Company, Employer or any of their respective Subsidiaries from the Initial Vesting Date to and including such date. (d) Executive Securities which that have become vested and the Executive Securities which are not Vesting Executive Securities are collectively referred to herein as the "Vested Securities," and Vesting Executive Securities which have not become vested are referred to herein as the "“Vested Common Stock.” Executive Securities that have not vested are referred to herein as “Unvested SecuritiesCommon Stock."”