Common use of Time and Performance-Based Vesting Clause in Contracts

Time and Performance-Based Vesting. Forty (40) of the Acquired Units shall be “Time-Based Units” and sixty (60) of the Acquired Units shall be “Performance-Based Units”, and shall vest as follows:

Appears in 2 contracts

Samples: Unit Sale and Purchase Agreement (Tower Automotive, LLC), Unit Sale and Purchase Agreement (Tower Automotive, LLC)

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Time and Performance-Based Vesting. Forty Seventy-five (4075) of the Acquired Units shall be “Time-Based Units” and sixty seventy-five (6075) of the Acquired Units shall be “Performance-Based Units”, and shall vest as follows:

Appears in 1 contract

Samples: Unit Sale and Purchase Agreement (Tower Automotive, LLC)

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Time and Performance-Based Vesting. Forty Twenty-five (4025) of the Acquired Units shall be “Time-Based Units” and sixty twenty-five (6025) of the Acquired Units shall be “Performance-Based Units”, and shall vest as follows:

Appears in 1 contract

Samples: Unit Sale and Purchase Agreement (Tower Automotive, LLC)

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