1Grant. Subject to the terms and conditions contained herein and in the Plan and Partnership Agreement, the Participant is granted 2,000 Incentive Units of the Partnership, of which 833.4 shall be eligible to vest based on the passage of time (the “Time Vesting Units”), 249.8 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 1 Performance Units”), 249.8 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 2 Performance Units”), 333.5 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 3 Performance Units”) and 333.6 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 4 Performance Units” and, together with the Tranche 1 Performance Units, the Tranche 2 Performance Units and the Tranche 3 Performance Units, the “Performance Vesting Units”).
Appears in 1 contract
Sources: Incentive Unit Grant Agreement (Sovos Brands, Inc.)
1Grant. Subject to the terms and conditions contained herein and in the Plan and Partnership Agreement, the Participant is granted 2,000 1,700 Incentive Units of the Partnership, of which 833.4 708.4 shall be eligible to vest based on the passage of time (the “Time Vesting Units”), 249.8 212.5 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 1 Performance Units”), 249.8 212.5 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 2 Performance Units”), 333.5 283.2 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 3 Performance Units”) and 333.6 283.4 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 4 Performance Units” and, together with the Tranche 1 Performance Units, the Tranche 2 Performance Units and the Tranche 3 Performance Units, the “Performance Vesting Units”).
Appears in 1 contract
Sources: Incentive Unit Grant Agreement (Sovos Brands, Inc.)
1Grant. Subject to the terms and conditions contained herein and in the Plan and Partnership Agreement, the Participant is granted 2,000 1,200 Incentive Units of the Partnership, of which 833.4 500 shall be eligible to vest based on the passage of time (the “Time Vesting Units”), 249.8 150 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 1 Performance Units”), 249.8 150 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 2 Performance Units”), 333.5 200 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 3 Performance Units”) and 333.6 200 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 4 Performance Units” and, together with the Tranche 1 Performance Units, the Tranche 2 Performance Units and the Tranche 3 Performance Units, the “Performance Vesting Units”).
Appears in 1 contract
Sources: Incentive Unit Grant Agreement (Sovos Brands, Inc.)