Common use of Performance-Based Units Clause in Contracts

Performance-Based Units. Forty (40) of the Performance-Based Units that are the subject of this Agreement shall vest upon certification by the Manager of Management LLC that the “First Profit Goal” (as defined in Section 9 herein) has been achieved, provided that the Participant has not incurred a Termination of Service prior to such certification. An additional twenty (20) Performance-Based Units that are the subject of this Agreement shall vest upon certification by the Manager of Management LLC that the “Second Profit Goal” (as defined in Section 9) has been achieved, provided that the Participant has not incurred a Termination of Service prior to the date of such certification.

Performance-Based Units. Forty One hundred twenty-five (40125) of the Performance-Based Units that are the subject of this Agreement shall vest upon certification by the Manager of Management LLC that the “First Profit Goal” (as defined in Section 9 herein) has been achieved, provided that the Participant has not incurred a Termination of Service prior to such certification. An additional twenty fifty (2050) Performance-Based Units that are the subject of this Agreement shall vest upon certification by the Manager of Management LLC that the “Second Profit Goal” (as defined in Section 9) has been achieved, provided that the Participant has not incurred a Termination of Service prior to the date of such certification.