Common use of Vesting of Executive Stock Clause in Contracts

Vesting of Executive Stock. (a) Except as otherwise provided in paragraph 2(b) below, all shares of Executive Stock will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Percentage of Executive Date Stock Vested ------------------------------- ---------------- Closing of the Base Acquisition 15% 1st Anniversary of Closing of the Base Acquisition 32% 2nd Anniversary of Closing of the Base Acquisition 49% 3rd Anniversary of Closing of the Base Acquisition 66% 4th Anniversary of Closing of the Base Acquisition 83% 5th Anniversary of Closing of the Base Acquisition 100% (b) If Executive ceases to be employed by the Company and its Subsidiaries on any date other than any anniversary date prior to the fifth anniversary of the Closing, the cumulative percentage of Executive Stock to become vested will be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. Upon the occurrence of a Sale of the Company, all shares of Executive Stock which have not yet become vested shall become vested at the time of such event. Shares of Executive Stock which have become vested are referred to herein as "Vested Shares," and all other shares of Executive Stock are referred to herein as "Unvested Shares."

Vesting of Executive Stock. (a) Except as otherwise provided in paragraph 2(b) below, all shares of Executive Stock will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Percentage of Executive Date Stock Vested ------------------------------- ---------------- ------ ------------------------ Closing of the Base Acquisition 15% 1st Anniversary of Closing of the Base Acquisition 32% 2nd Anniversary of Closing of the Base Acquisition 49% 3rd Anniversary of Closing of the Base Acquisition 66% 4th Anniversary of Closing of the Base Acquisition 83% 5th Anniversary of Closing of the Base Acquisition 100% (b) If Executive ceases to be employed by the Company and its Subsidiaries on any date other than any anniversary date prior to the fifth anniversary of the Closing, the cumulative percentage of Executive Stock to become vested will be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. Upon the occurrence of a Sale of the Company, all shares of Executive Stock which have not yet become vested shall become vested at the time of such event. Shares of Executive Stock which have become vested are referred to herein as "Vested Shares," and all other shares of Executive Stock are referred to herein as "Unvested Shares."

Vesting of Executive Stock. (a) Except as otherwise provided in paragraph Sections 2(b), 2(c) and 2(d) below, all shares of the Executive Stock purchased hereunder will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Percentage of Executive Date Stock Vested ------------------------------- ---------------- Closing of the Base Acquisition 15% 1st Anniversary of Closing of the Base Acquisition 32% 2nd Anniversary of Closing of the Base Acquisition 49% 3rd Anniversary of Closing of the Base Acquisition 66% 4th Anniversary of Closing of the Base Acquisition 83% 5th Anniversary of Closing of the Base Acquisition 100%schedule set forth on Annex D attached hereto. (b) If the Executive ceases to be employed by the Company and its Subsidiaries on any a date other than any an anniversary date of the date of this Agreement prior to the fifth anniversary of the Closingdate of this Agreement, the cumulative percentage of Executive Stock to become vested will be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. . (c) Upon the occurrence of a Sale of the Company, if as of such date the Executive is still employed by the Company or any of its Subsidiaries, all shares of Executive Stock which have not yet become vested shall become vested at the time of such event. (d) Any shares of Executive Stock which have not been designated as subject to repurchase pursuant to a Repurchase Notice or Supplemental Repurchase Notice on the date which is six months and one day following the Termination and which have not yet become vested shall become vested on such date. Shares of Executive Stock which have become vested pursuant to Sections 2(a), 2(b), 2(c) or 2(d) above are referred to herein as "Vested Shares," and all other shares of Executive Stock are referred to herein as "Unvested Shares."

Vesting of Executive Stock. (a) Except as otherwise provided in paragraph 2(b) below, all shares of The Executive Stock acquired hereunder will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Percentage of Executive Stock Date Vested ---- ------ At the purchase of any Executive Stock Vested ------------------------------- ---------------- Closing of the Base Acquisition 1525% 1st Anniversary of Closing the purchase of the Base Acquisition 32any Executive Stock 50% 2nd Anniversary the purchase of Closing of the Base Acquisition 49any Executive Stock 75% 3rd Anniversary the purchase of Closing of the Base Acquisition 66% 4th Anniversary of Closing of the Base Acquisition 83% 5th Anniversary of Closing of the Base Acquisition any Executive Stock 100% (b) If Executive ceases to be employed by the Company and its Subsidiaries on any date other than any anniversary date prior to the fifth third anniversary of the Closing, the cumulative percentage of Executive Stock to become vested will be determined on a pro rata basis according to the number of days elapsed since the prior anniversary date. Upon the occurrence of a Sale of the Company, all shares of Executive Stock which have not yet become vested shall become vested at the time of such event. Shares of Executive Stock which have become vested are referred to herein as "Vested Shares," and all other shares of Executive Stock are referred to herein as "Unvested Shares." (c) Within 30 days after the date of this Agreement, Executive will make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder in the form of Exhibit C attached hereto for the shares of Executive Stock.