Common use of Deferred Cash Interests Clause in Contracts

Deferred Cash Interests. Deferred Cash Interests awarded to the Limited Partner will vest in three equal installments on January 1 of the calendar year following the grant date of the relevant award and, thereafter, on the first and second anniversaries of such initial vesting date, provided that (i) the Limited Partner will have no right to any unvested Deferred Cash Interests on any such vesting date if the Limited Partner is not an Active Individual LP on such vesting date, except that the unvested Deferred Cash Interests shall not be forfeited and shall vest on the date such Deferred Cash Interests would have otherwise vested if the Limited Partner ceases to be an Active Individual LP due to death or Disability, or as a result of a Special Withdrawal or a Withdrawal pursuant to clause (B) (PPC Termination) of Section 8.3(a)(i) of the Limited Partnership Agreement; (ii) any continued vesting of Deferred Cash Interests permitted under the terms of this Agreement after the Limited Partner ceases to be an Active Individual LP is subject to the Limited Partner’s compliance with Section 7 below; and (iii) if the Limited Partner breaches any of the covenants set forth in Section 2.13(b)(i) (as modified hereunder) and Section 2.13(b)(ii) of the Limited Partnership Agreement, then the consequences shall be as set forth in Section 6(b)(ii).

Deferred Cash Interests. Deferred Cash Interests awarded to shall vest as specified in the DCI Plan and any Award Agreement (as defined in the DCI Plan) entered into by the Limited Partner will vest in three equal installments on January 1 of the calendar year following with respect to the grant date of the relevant award and, thereafter, on the first and second anniversaries of such initial vesting dateDeferred Cash Interests, provided that (i) and additionally the consequences with respect to the Deferred Cash Interests of any breach by the Limited Partner will have no right of any of the covenants set forth in Section 2.13(b)(i) (as modified hereunder) and Section 2.13(b)(ii) of the Limited Partnership Agreement shall be as set forth in Section 6(b)(ii); provided, that notwithstanding the terms of any Award Agreement to any unvested Deferred Cash Interests on any such vesting date the contrary, if the Term is terminated by the Partnership and the Limited Partner is not an Active Individual LP on such vesting datesubject to a Withdrawal without Cause prior to the Scheduled Expiration of the Term, except that the unvested Deferred Cash Interests shall not be forfeited and shall thereunder will continue to vest on the date such (or dates) the Deferred Cash Interests would have otherwise vested as if the Limited Partner ceases to be had remained an Active Individual LP due to death or Disabilityon each applicable vesting date; provided, or as a result of a Special Withdrawal or a Withdrawal pursuant to clause (B) (PPC Termination) of Section 8.3(a)(i) of the Limited Partnership Agreement; (ii) further, that any continued vesting of Deferred Cash Interests permitted under the terms of this Agreement, the DCI Plan or any Award Agreement after the Limited Partner ceases to be an Active Individual LP is subject to the Limited Partner’s compliance with Section 7 below; , and (iii) if the Limited Partner breaches any of the covenants set forth in Section 2.13(b)(i) (as modified hereunder) and Section 2.13(b)(ii) of the Limited Partnership Agreement, then the consequences shall be as set forth in Section 6(b)(ii). The benefits under this Section 6(a)(ii) shall not duplicate any other benefits provided under Section 2(e).