{"component": "clause", "props": {"groups": [{"size": 8, "snippet": "With respect to 50% of the Profits Interest Units subject to this Agreement (the \u201cTime Vesting Units\u201d), subject to a Participant\u2019s continued employment through the applicable vesting date, 25% of the Time Vesting Units \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 vest on the first anniversary of the Date of Grant and the remaining 75% of the Time Vesting Units will then vest ratably on a quarterly basis (e.g., every three (3) months thereafter) over the 12 quarters (36 months) thereafter (therefore, in normal course, the Time Vesting Units will fully vest over the four (4) years from Date of Grant). All Time Vesting Units, not previously forfeited, (subject to Section 4(a)), will vest upon the consummation of a Change of Control.", "samples": [{"hash": "hOaKHTjmz1r", "uri": "/contracts/hOaKHTjmz1r#time-vesting-units", "label": "Profits Interest Unit Award Agreement (Acelity L.P. 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Subject to a Participant\u2019s continued employment through each applicable vesting date, 2.083% of the Time Vesting Units will vest on each monthly anniversary of the Effective Date. All Time Vesting Units, not previously forfeited will vest upon the consummation of a Change of Control, subject to the Participant\u2019s continued employment through such date.", "samples": [{"hash": "lRNT8epTdjf", "uri": "/contracts/lRNT8epTdjf#time-vesting-units", "label": "Acknowledgement Agreement (Candela Medical, Inc.)", "score": 32.7973976135, "published": true}, {"hash": "9aZ6aFF4tAV", "uri": "/contracts/9aZ6aFF4tAV#time-vesting-units", "label": "Acknowledgement Agreement (Candela Medical, Inc.)", "score": 32.7973976135, "published": true}, {"hash": "8DRC2cB0LP9", "uri": "/contracts/8DRC2cB0LP9#time-vesting-units", "label": "Acknowledgement Agreement (Candela Medical, Inc.)", "score": 32.7973976135, "published": true}], "snippet_links": [{"key": "units-subject-to-this-agreement", "type": "clause", "offset": [36, 67]}, {"key": "to-a-participant", "type": "clause", "offset": [107, 123]}, {"key": "continued-employment", "type": "definition", "offset": [126, 146]}, {"key": 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"a25703eed75c83ad0acccfad0d64a48f", "id": 3}, {"size": 2, "snippet": "To the extent that any Time-Vesting Units remain unvested as of the date that is six (6) months following such termination, such unvested Time-Vesting Units shall be forfeited as of such date; provided, that if the termination without Cause occurs within the one-year period after a Change of Control, all unvested Time-Vesting Units shall vest as of the date of termination.", "samples": [{"hash": "7HB9G9HlG8O", "uri": "/contracts/7HB9G9HlG8O#time-vesting-units", "label": "Restricted Unit Purchase Agreement (Hughes Communications, Inc.)", "score": 20.0, "published": true}, {"hash": "aOAKrAF25Bw", "uri": "/contracts/aOAKrAF25Bw#time-vesting-units", "label": "Restricted Unit Purchase Agreement (Hughes Network Systems, LLC)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "any-time", "type": "definition", "offset": [19, 27]}, {"key": "vesting-units", "type": "clause", "offset": [28, 41]}, {"key": "termination-without-cause", "type": "clause", "offset": [215, 240]}, {"key": "year-period", "type": "definition", "offset": [263, 274]}, {"key": "after-a-change-of-control", "type": "clause", "offset": [275, 300]}, {"key": "date-of-termination", "type": "definition", "offset": [355, 374]}], "hash": "db1e1f1e44563b6c90b3ec7a17934556", "id": 4}, {"size": 2, "snippet": "Subject to the terms of this Agreement and the Plan, The Board hereby grant to the Participant ___ of Units (\"time Vesting Units\") that will vest on December 31, 2023, provided the Participant remains employed by the Company on the date, subject to earlier vesting as set forth in Paragraph 4.", "samples": [{"hash": "cH1h81BsACK", "uri": "/contracts/cH1h81BsACK#time-vesting-units", "label": "Employee Restricted Stock Unit Award Agreement (Nuvera Communications, Inc.)", "score": 32.2566719055, "published": true}, {"hash": "2obdqQ1gZOl", "uri": "/contracts/2obdqQ1gZOl#time-vesting-units", "label": "Employee Restricted Stock Unit Award Agreement (Nuvera Communications, Inc.)", "score": 32.201915741, "published": true}], "snippet_links": [{"key": "terms-of-this-agreement", "type": "clause", "offset": [15, 38]}, {"key": "the-plan", "type": "clause", "offset": [43, 51]}, {"key": "the-board", "type": "clause", "offset": [53, 62]}, {"key": "the-participant", "type": "clause", "offset": [79, 94]}, {"key": "of-units", "type": "clause", "offset": [99, 107]}, {"key": "on-december", "type": "clause", "offset": [146, 157]}, {"key": "employed-by-the-company", "type": "definition", "offset": [201, 224]}, {"key": "earlier-vesting", "type": "clause", "offset": [249, 264]}, {"key": "paragraph-4", "type": "definition", "offset": [281, 292]}], "hash": "4221b3e2c5eb1c27bd7c3f06252b6ce9", "id": 5}, {"size": 2, "snippet": "75% of the Deferred Units (the \u201cTime Vesting Units\u201d) shall vest and become Vested Deferred Units as follows: % of such Time Vesting Units shall become Vested Deferred Units on each of [vesting dates] if, and only if, the Employee is, and has been, continuously (except for any absence for vacation, leave, etc. in accordance with the Company\u2019s or its Subsidiaries\u2019 policies) Engaged from the Grant Date through and including the applicable vesting date.", "samples": [{"hash": "el09QX38Izi", "uri": "/contracts/el09QX38Izi#time-vesting-units", "label": "Deferred Unit Issuance Agreement (Nuveen Investments Holdings, Inc.)", "score": 25.1943874359, "published": true}], "snippet_links": [{"key": "vested-deferred-units", "type": "definition", "offset": [75, 96]}, {"key": "vesting-dates", "type": "clause", "offset": [185, 198]}, {"key": "the-employee", "type": "clause", "offset": [217, 229]}, {"key": "in-accordance-with", "type": "clause", "offset": [311, 329]}, {"key": "the-company", "type": "clause", "offset": [330, 341]}, {"key": "grant-date", "type": "definition", "offset": [392, 402]}, {"key": "applicable-vesting-date", "type": "definition", "offset": [429, 452]}], "hash": "772cadf7c38746db517506172c0ae0e6", "id": 6}, {"size": 1, "snippet": "With regard to 80% of the Class B Units granted hereunder (the \u201cTime-Vesting Units\u201d), the percentage of such Time-Vesting Units that will be Vested Units in respect of a Termination Date occurring: \u2022 prior to 3 months after the Vesting Date, will be 0% \u2022 on or after 3 months after the Vesting Date, but prior to 6 months after the Vesting Date, will be 6.25% \u2022 on or after 6 months after the Vesting Date, but prior to 9 months after the Vesting Date, will be 12.5% \u2022 on or after 9 months after the Vesting Date, but prior to 12 months after the Vesting Date, will be 18.75% \u2022 on or after 12 months after the Vesting Date, but prior to 15 months after the Vesting Date, will be 25% \u2022 on or after 15 months after the Vesting Date, but prior to 18 months after the Vesting Date, will be 31.25% \u2022 on or after 18 months after the Vesting Date, but prior to 21 months after the Vesting Date, will be 37.5% \u2022 on or after 21 months after the Vesting Date, but prior to 24 months after the Vesting Date, will be 43.75% \u2022 on or after 24 months after the Vesting Date, but prior to 27 months after the Vesting Date, will be 50% \u2022 on or after 27 months after the Vesting Date, but prior to 30 months after the Vesting Date, will be 56.25% \u2022 on or after 30 months after the Vesting Date, but prior to 33 months after the Vesting Date, will be 62.50% \u2022 on or after 33 months after the Vesting Date, but prior to 36 months after the Vesting Date, will be 68.75% \u2022 on or after 36 months after the Vesting Date, but prior to 39 months after the Vesting Date, will be 75% \u2022 on or after 39 months after the Vesting Date, but prior to 42 months after the Vesting Date, will be 81.25% \u2022 on or after 42 months after the Vesting Date, but prior to 45 months after the Vesting Date, will be 87.5% \u2022 on or after 45 months after the Vesting Date, but prior to 48 months after the Vesting Date, will be 93.75% \u2022 on or after 48 months after the Vesting Date, will be 100%; Notwithstanding the foregoing: \u2022 immediately prior to, and following, the occurrence of a Change of Control that occurs prior to the Termination Date, 100% of the Time-Vesting Units that are Unvested Units shall become Vested Units; \u2022 if the Sponsor receives cash proceeds in respect of 50% of its units in Holdings (measured as of the Vesting Date) equal to at least 200% of the Sponsor\u2019s aggregate capital contributions in respect of such units prior to the Termination Date, 100% of the Time-Vesting Units that are Unvested Units shall become Vested Units; and \u2022 if Executive\u2019s employment with the Company and its Subsidiaries is terminated (x) by the Company or any of its Subsidiaries without Cause or (y) by Executive as a result of a Constructive Termination, then an additional number of Time-Vesting Units equal to the number that would have vested over the 24 month period following the Termination Date shall become Vested Units immediately prior to such termination. Except as provided in the immediately preceding sentence, any Time-Vesting Units that are Unvested Units on a Termination Date shall be immediately forfeited by Executive (or, to the extent a forfeiture is not permissible, such Time-Vesting Units that are Unvested Units shall be subject to the Call Option in Section 4.2(a) with the purchase price per Unvested Unit equal to the lesser of (A) Fair Market Value thereof (measured as of the Valuation Date) and (B) Cost).", "samples": [{"hash": "jbe3tvPqLgo", "uri": "/contracts/jbe3tvPqLgo#time-vesting-units", "label": "Management Unit Subscription Agreement (Ahny-Iv LLC)", "score": 19.5366191864, "published": true}], "snippet_links": [{"key": "with-regard-to", "type": "clause", "offset": [0, 14]}, {"key": "units-granted", "type": "clause", "offset": [34, 47]}, {"key": "vesting-units", "type": "clause", "offset": [69, 82]}, {"key": "the-percentage", "type": "definition", "offset": [86, 100]}, {"key": "in-respect-of", "type": "definition", "offset": [154, 167]}, {"key": "a-termination", "type": "definition", "offset": [168, 181]}, {"key": "vesting-date", "type": "definition", "offset": [228, 240]}, {"key": "after-6-months", "type": "clause", "offset": [368, 382]}, {"key": "prior-to-12", "type": "definition", "offset": [518, 529]}, {"key": "after-12-months", "type": "clause", "offset": [584, 599]}, {"key": "after-18-months", "type": "clause", "offset": [801, 816]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1947, 1976]}, {"key": "occurrence-of-a-change-of-control", "type": "clause", "offset": [2021, 2054]}, {"key": "prior-to-the-termination-date", "type": "clause", "offset": [2067, 2096]}, {"key": "unvested-units", "type": "definition", "offset": [2138, 2152]}, {"key": "the-sponsor", "type": "clause", "offset": [2185, 2196]}, {"key": "cash-proceeds", "type": "definition", "offset": [2206, 2219]}, {"key": "equal-to", "type": "definition", "offset": [2297, 2305]}, {"key": "aggregate-capital-contributions", "type": "definition", "offset": [2337, 2368]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [2544, 2576]}, {"key": "by-the-company", "type": "clause", "offset": [2595, 2609]}, {"key": "without-cause", "type": "clause", "offset": [2637, 2650]}, {"key": "by-executive", "type": "clause", "offset": [2658, 2670]}, {"key": "constructive-termination", "type": "definition", "offset": [2688, 2712]}, {"key": "number-of", "type": "definition", "offset": [2733, 2742]}, {"key": "following-the-termination-date", "type": "clause", "offset": [2830, 2860]}, {"key": "except-as-provided-in", "type": "clause", "offset": [2926, 2947]}, {"key": "any-time", "type": "definition", "offset": [2984, 2992]}, {"key": "to-the-extent", "type": "clause", "offset": [3102, 3115]}, {"key": "the-call-option", "type": "clause", "offset": [3217, 3232]}, {"key": "price-per", "type": "definition", "offset": [3269, 3278]}, {"key": "lesser-of", "type": "definition", "offset": [3306, 3315]}, {"key": "fair-market-value", "type": "clause", "offset": [3320, 3337]}, {"key": "valuation-date", "type": "clause", "offset": [3366, 3380]}], "hash": "c48172411fc73ca72dd77098b92fdb59", "id": 7}, {"size": 1, "snippet": "The Time Vesting Units shall become vested in three (3) pro-rata equal installments of one third (1/3) on each of the third (3rd), fourth (4th) and fifth (5th) anniversaries of May 1, 2018, provided Service Member is then employed by or performing services for the Company or its Subsidiaries. There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date, subject to Service Member\u2019s continued employment by or performance of service for the Company or its Subsidiaries on each applicable vesting date.", "samples": [{"hash": "a4dIsqbQryO", "uri": "/contracts/a4dIsqbQryO#time-vesting-units", "label": "Service Member Unit Issuance Agreement (AssetMark Financial Holdings, Inc.)", "score": 30.3059539795, "published": true}], "snippet_links": [{"key": "equal-installments", "type": "clause", "offset": [65, 83]}, {"key": "service-member", "type": "definition", "offset": [199, 213]}, {"key": "employed-by", "type": "definition", "offset": [222, 233]}, {"key": "for-the-company", "type": "definition", "offset": [257, 272]}, {"key": "no-proportionate-or-partial-vesting", "type": "clause", "offset": [309, 344]}, {"key": "prior-to", "type": "clause", "offset": [360, 368]}, {"key": "subject-to", "type": "clause", "offset": [453, 463]}, {"key": "continued-employment", "type": "definition", "offset": [481, 501]}, {"key": "performance-of-service", "type": "clause", "offset": [508, 530]}, {"key": "applicable-vesting-date", "type": "definition", "offset": [575, 598]}], "hash": "aa294a0b08f25b192aa63457f358bcb0", "id": 8}, {"size": 1, "snippet": "With regard to 1/2 of the Class B Units granted hereunder (the \u201cTime-Vesting Units\u201d), such Time-Vesting Units, subject to Executive\u2019s continued employment on each vesting date, will vest as follows:", "samples": [{"hash": "kCTVOgX6IiB", "uri": "/contracts/kCTVOgX6IiB#time-vesting-units", "label": "Management Unit Subscription Agreement (Apria Healthcare Group Inc)", "score": 22.1895961761, "published": true}], "snippet_links": [{"key": "with-regard-to", "type": "clause", "offset": [0, 14]}, {"key": "units-granted", "type": "clause", "offset": [34, 47]}, {"key": "vesting-units", "type": "clause", "offset": [69, 82]}, {"key": "to-executive", "type": "definition", "offset": [119, 131]}, {"key": "employment-on", "type": "clause", "offset": [144, 157]}, {"key": "vesting-date", "type": "definition", "offset": [163, 175]}], "hash": "680270200876499ebcc5abcbf50dfe66", "id": 9}, {"size": 1, "snippet": "With regard to 1/3 of the Class B Units granted hereunder (the \u201cTime-Vesting Units\u201d), the percentage of such Time-Vesting Units that will be Vested Units in respect of a Termination Date occurring: \u2022 prior to 12 months after the Closing Date, will be 0%; \u2022 on or after 12 months after the Closing Date, but prior to 24 months after the Closing Date, will be 33 1/3%; \u2022 on or after 24 months after the Closing Date, but prior to 36 months after the Closing Date, will be 33 1/3%; and \u2022 on or after 36 months after the Closing Date, will be 100%. Notwithstanding the foregoing, immediately prior to, and following, the occurrence of a Change of Control that occurs prior to the Termination Date, 100% of the Time-Vesting Units that are Unvested Units shall become Vested Units. If Director\u2019s employment with the Company and its Subsidiaries is terminated by the Company or any of its Subsidiaries without Cause (such termination, a \u201cQualifying Termination\u201d) or due to Director\u2019s death or Disability, then a percentage of the Time-Vesting Units that would have become Vested Units on the next anniversary of the Closing Date shall become Vested Units, with such percentage equal to the number of days that have elapsed since the previous anniversary of the Closing Date divided by 365. Any Time-Vesting Units that are Unvested Units on a Termination Date shall be immediately forfeited by Director (or, to the extent a forfeiture is not permissible, such Time-Vesting Units that are Unvested Units shall be subject to the Call Option in Section 4.2(a) with the purchase price per Unvested Unit equal to the lesser of (A) Fair Market Value thereof (measured as of the Valuation Date) and (B) Cost).", "samples": [{"hash": "iYaqJJyCJoC", "uri": "/contracts/iYaqJJyCJoC#time-vesting-units", "label": "Management Unit Subscription Agreement (Apria Healthcare Group Inc)", "score": 22.1895961761, "published": true}], "snippet_links": [{"key": "with-regard-to", "type": "clause", "offset": [0, 14]}, {"key": "units-granted", "type": "clause", "offset": [34, 47]}, {"key": "vesting-units", "type": "clause", "offset": [69, 82]}, {"key": "the-percentage", "type": "definition", "offset": [86, 100]}, {"key": "in-respect-of", "type": "definition", "offset": [154, 167]}, {"key": "a-termination", "type": "definition", "offset": [168, 181]}, {"key": "prior-to-12", "type": "definition", "offset": [200, 211]}, {"key": "after-the-closing-date", "type": "clause", "offset": [219, 241]}, {"key": "after-12-months", "type": "clause", "offset": [263, 278]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [545, 574]}, {"key": "occurrence-of-a-change-of-control", "type": "clause", "offset": [617, 650]}, {"key": "prior-to-the-termination-date", "type": "clause", "offset": [663, 692]}, {"key": "unvested-units", "type": "definition", "offset": [734, 748]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [806, 838]}, {"key": "by-the-company", "type": "clause", "offset": [853, 867]}, {"key": "without-cause", "type": "clause", "offset": [895, 908]}, {"key": "qualifying-termination", "type": "definition", "offset": [931, 953]}, {"key": "to-director", "type": "definition", "offset": [963, 974]}, {"key": "death-or-disability", "type": "clause", "offset": [977, 996]}, {"key": "a-percentage", "type": "definition", "offset": [1003, 1015]}, {"key": "equal-to", "type": "definition", "offset": [1170, 1178]}, {"key": "number-of-days", "type": "definition", "offset": [1183, 1197]}, {"key": "divided-by", "type": "clause", "offset": [1267, 1277]}, {"key": "any-time", "type": "definition", "offset": [1283, 1291]}, {"key": "by-director", "type": "clause", "offset": [1383, 1394]}, {"key": "to-the-extent", "type": "clause", "offset": [1400, 1413]}, {"key": "the-call-option", "type": "clause", "offset": [1515, 1530]}, {"key": "price-per", "type": "definition", "offset": [1567, 1576]}, {"key": "lesser-of", "type": "definition", "offset": [1604, 1613]}, {"key": "fair-market-value", "type": "clause", "offset": [1618, 1635]}, {"key": "valuation-date", "type": "clause", "offset": [1664, 1678]}], "hash": "7a7fd8d8a3f71828abba48742f2d0893", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Iht0aW1lLXZlc3RpbmctdW5pdHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Time Vesting Units", "size": 45, "children": [["change-in-control", "Change in Control"], ["vesting", "Vesting"], ["change-in-control-lookback-in-connection-with-a-qualifying-termination", "Change in Control Lookback in Connection with a Qualifying Termination"], ["acceleration-upon-qualifying-termination", "Acceleration Upon Qualifying Termination"], ["vesting-schedule", "Vesting Schedule"]], "parents": [["vesting", "Vesting"], ["vesting-of-incentive-units", "Vesting of Incentive Units"], ["profits-interests-vesting", "Profits Interests Vesting"], ["signature-in-counterparts", "Signature in Counterparts"], ["profits-intersets-vesting", "Profits Intersets Vesting"]], "id": "time-vesting-units", "related": [["time-vesting", "Time Vesting", "Time Vesting"], ["performance-vesting", "Performance Vesting", "Performance Vesting"], ["stock-vesting", "Stock Vesting", "Stock Vesting"], ["time-based-vesting", "Time-Based Vesting", "Time-Based Vesting"], ["equity-vesting", "Equity Vesting", "Equity Vesting"]], "related_snippets": [], "updated": "2026-07-22T06:14:45+00:00"}, "json": true, "cursor": ""}}