Vesting Agreements. LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable. LTIP Units that have vested under the terms of a Vesting Agreement are referred to as “Vested LTIP Units”; all other LTIP Units shall be treated as “Unvested LTIP Units.”
Vesting Agreements. Profits Interest Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Plan, if applicable. Profits Interest Units that were fully vested when issued or that have vested under the terms of a Vesting Agreement are referred to as “Vested Profits Interest Units”; all other Profits Interest Units shall be treated as “Unvested Profits Interest Units.”
Vesting Agreements. LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable. LTIP Units that have vested under the terms of a Vesting Agreement are referred to as “Vested LTIP Units”; all other LTIP Units shall be treated as “Unvested LTIP Units.” Upon grant, the grantee of any LTIP Unit shall be treated as a Partner for all purposes. The Partners acknowledge that the liquidation value of each LTIP Unit shall be zero upon grant, the amount equal to the zero Capital Account balance of such LTIP Unit upon grant, for all purposes (including Section 10.05(d)).
Vesting Agreements. For avoidance of doubt, the provisions in the Vesting Agreements related to the Executive’s equity interests in Group LP providing for forfeiture of vested equity interests shall continue to apply. Those provisions are copied in Attachment 1 hereto for convenience of reference.
Vesting Agreements. (a) The parties hereto acknowledge and agree that certain of the shares of Common Stock of the Company deposited with the Trustee hereunder by each Shareholder are subject to the Amended and Restated Vesting Agreement dated as of October 24, 1997 of such Shareholder with the Company. The Trustee agrees to comply with Section 2 of the Vesting Agreement of each Shareholder with respect to the repurchase of a Shareholder's Common Stock, as if the Trustee were the Shareholder party to such Vesting Agreement. Anything contained herein to the contrary notwithstanding, if any shares of Common Stock of a Shareholder held by the Trustee hereunder are purchased by the Company pursuant to Section 2 of the Vesting Agreement of such Shareholder, the Trustee shall distribute the proceeds received in respect of such shares to the Shareholder, and the Shareholder shall deliver its voting trust certificate to the Trustee, and the Trustee shall cancel such certificate and issue a new voting trust certificate for the remaining shares of Common Stock held in trust for such Shareholder.
Vesting Agreements. PI Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Stock Option Plan, if applicable. PI Units that have vested under the terms of a Vesting Agreement are referred to as "Vested PI Units"; all other PI Units shall be treated as "Unvested Incentive Units."
Vesting Agreements. 4 2H. Interconnection Agreement and Achievement of Common Carrier Status....................................................... 4 2I. Sale of Class A Common to Each Investor....................... 5 2J.
Vesting Agreements. The Company and the Executive Investors ------------------ shall have entered into a vesting agreement, in form and substance substantially similar to Exhibit 9 attached hereto (the "Vesting Agreements"), with each --------- ------------------ Institutional Investor, and each Vesting Agreement shall be in full force and effect as of the Initial Closing.
Vesting Agreements. LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable. Upon grant, the grantee of any LTIP Unit shall be treated as a Partner for all purposes. The Partners acknowledge that the liquidation value of each LTIP Unit and the Capital Account balance of such LTIP Unit shall be zero upon grant for all purposes (including Section 10.3.D).
Vesting Agreements. C-LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable. C-LTIP Units that have vested under the terms of a Vesting Agreement are referred to as “Vested C-LTIP Units”; all other C-LTIP Units shall be treated as “Unvested C-LTIP Units.”
