Common use of Vesting of the Restricted Shares Clause in Contracts

Vesting of the Restricted Shares. (a) Except as otherwise provided in Section 2(b) below, the Restricted Shares shall become vested in accordance with the following schedule, if, as of each such date, (i) the Management Services Agreement has not been terminated, (ii) there has not been a Cessation of Active Practice (as defined in paragraph 2(c) below) by the Stockholder, (iii) the Stockholder has not become permanently disabled (as described in Section 3(a)(iii) below), and (iv) the Stockholder has not died: Anniversary Date Percentage of of this Agreement Restricted Stock Vested ----------------- ----------------------- First 25% Second 25% Third 25% Fourth 25%

Appears in 2 contracts

Samples: Restricted Stock Agreement (BMJ Medical Management Inc), Restricted Stock Agreement (BMJ Medical Management Inc)

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Vesting of the Restricted Shares. (a) Except as otherwise provided in Section 2(b) below, the Restricted Shares held by each Stockholder shall become vested in accordance with the following schedule, if, as of each such date, (i) the Management Services Agreement has not been terminated, (ii) there has not been a Cessation of Active Practice by such Stockholder (as defined in paragraph Section 2(c) below) by the Stockholder), (iii) the such Stockholder has not become permanently disabled (as described in Section 3(a)(iii) below), and (iv) the such Stockholder has not died: Anniversary Date Percentage of of this Agreement Restricted Stock Shares Vested ----------------- ----------------------- ------------------------ First 25% Second 25% Third 25% Fourth 25%

Appears in 1 contract

Samples: Restricted Stock Agreement (BMJ Medical Management Inc)

Vesting of the Restricted Shares. (a) Except as otherwise provided in Section 2(b) below, the Restricted Shares shall become vested in accordance with the following schedule, if, as of each such date, (i) the Management Services Agreement has not been terminated, (ii) there has not been a Cessation of Active Practice (as defined in paragraph Section 2(c) below) by the Stockholder, (iii) the Stockholder has not become permanently disabled (as described in Section 3(a)(iii) below)disabled, and (iv) the Stockholder has not died: Anniversary Date Cumulative Percentage of of this Agreement Restricted Stock Shares Vested ----------------- ----------------------- ------------------------ First 25% Second 2550% Third 2575% Fourth 25100%

Appears in 1 contract

Samples: Restricted Stock Agreement (BMJ Medical Management Inc)

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Vesting of the Restricted Shares. (a) Except as otherwise provided in Section 2(b) below, the Restricted Shares shall become vested in accordance with the following schedule, if, as of each such date, (i) the Management Services Agreement has not been terminated, (ii) there has not been a Cessation of Active Practice (as defined in paragraph Section 2(c) below) by the Stockholder, (iii) the Stockholder has not become permanently disabled (as described in Section 3(a)(iii) below3(d)(iv)), and (iv) the Stockholder has not died: Anniversary Date Percentage of of this Agreement Restricted Stock Shares Vested ----------------- ----------------------- ------------------------ First 25% Second 25% Third 25% Fourth 25%

Appears in 1 contract

Samples: Restricted Stock Agreement (BMJ Medical Management Inc)

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