Vesting of Series B Common Units Sample Clauses

Vesting of Series B Common Units. (i) Except as otherwise provided in this Section 1(c), from and after the date of purchase thereof in accordance with this Agreement, the 2008 Employee Investor’s Series B Common Units will vest in accordance with the following schedule if, as of each such date, the 2008 Employee Investor is and has continued to be employed by the Company or any of its Subsidiaries: Vesting Date Cumulative Percentage of Series B Common Units That Shall Vest December 1, 2009 50 % December 1, 2010 100 %
Sample 1
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Vesting of Series B Common Units. (i) Except as otherwise provided in this Section 1(c), each 2006 Employee Investor’s Series B Common Units will vest in accordance with the following schedule, if as of each such date, such 2006 Employee Investor is and has continued to be employed by the Company or any of its Subsidiaries: Vesting Date Cumulative Percentage of Series B Common Units That Shall Vest April 3, 2006 25.082% December 31, 2006 40% December 31, 2007 60% December 31, 2008 80% December 31, 2009 100% Notwithstanding the foregoing schedule, if a 2006 Employee Investor is at least 60 years old as of December 31, 2006, the vesting schedule for such 2006 Employee Investor shall be accelerated on a proportionate basis so that under such schedule 100% of the Series B Common Units are to vest on the Vesting Date that occurs while such 2006 Employee Investor is 65 years old; provided, however, that such schedule shall never have fewer than two Vesting Dates even if that causes such 2006 Employee Investor to not have 100% of the Series B Common Units vested until after age 65. For example, if a 2006 Employee Investor is 63 years old as of December 31, 2006, the vesting schedule will provide for 50% cumulative vesting on December 31, 2007 and 100% cumulative vesting on December 31, 2008, and the same vesting schedule would apply if such 2006 Employee Investor were 64 years old as of December 31, 2006.
Sample 1

Related to Vesting of Series B Common Units

  • Vesting of LTIP Units The restrictions and conditions in Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below: Portion of Award to Vest Vesting Date 33.33% [Grant Date,] 2017 33.33% [Grant Date,] 2018 33.33% [Grant Date,] 2019 Total: 100% of Award

  • Vesting of Units For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.

  • Vesting of Shares The shares acquired hereunder shall vest in accordance with the provisions of this Paragraph 7 and applicable provisions of the Plan, as follows:

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreement, the PSUs will vest and become non-forfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals for payout set forth in the attached Exhibit A, (b) the certification of the performance results for the PSUs by the Committee, and (c) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the performance goals set forth on the attached Exhibit A and shall be rounded to the nearest whole PSU.

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