Vesting of Executive Securities. (a) The Executive Securities purchased hereunder shall be subject to time vesting in the manner specified in this Section 2.
Vesting of Executive Securities. (a) (i) 180 units of the Class A Common and (ii) 257.14 units of Preferred Interests evidenced by certificates issued in connection therewith are fully vested as of the date hereof and are not subject to the terms of Section 4 below. The Vesting Executive Securities originally acquired by the Executive will become vested in accordance with the following schedule if, as of each such date, the Executive is still employed by the Company or its Subsidiaries; Cumulative Percentage of Units of Vesting Executive Date Date Securities Which Will Vest ------------------------------------------------------ ------------------------------- First anniversary of the date hereof ("Year 1") 20% Second anniversary of the date hereof ("Year 2") 40% Third anniversary of the date hereof ("Year 3") 60% Fourth anniversary of the date hereof ("Year 4") 80% Fifth anniversary of the date hereof ("Year 5") 100% provided, that all Vesting Executive Securities shall automatically vest in connection with a Sale of the Company.
Vesting of Executive Securities. (a) Except as otherwise provided in Section 2(b) below, the Vesting Executive Securities shall become vested in accordance with the following schedule, if as of each such anniversary date Executive is employed by BrightView or any of its Subsidiaries: Cumulative Percentage of Vesting Executive Anniversary Date Securities Vested ------------------------ ------------------------------- September 30, 1997 20% September 30, 1998 40% September 30, 1999 60% September 30, 2000 80% September 30, 2001 100%
Vesting of Executive Securities. (a) All of the Investor Units will be fully vested as of the date of purchase and shall not be subject to repurchase. Except as otherwise provided in paragraph 6(b) below, the Management Units will become vested over the 30 month period after the date hereof, in equal proportions on each six month anniversary date following the date of this Agreement if, as of such anniversary date, Executive is employed by Company (i.e. 20% on the anniversary of each 6 month period).
Vesting of Executive Securities. (a) 2,058,977 of the Carried Common issued to executive in respect of the Common Units that have vested pursuant to the Prior Agreement will be vested when issued and the remaining 514,745 shares of Carried Common shall be subject to vesting in the manner specified in this Section 2. The Co-Invest Shares acquired by Executive shall be vested when issued. Except as otherwise provided in Section 2(b) and (c) below, 12.5% of the remaining Carried Common will become vested on each Quarter Date such that on February 14, 2007 the Carried Common will be 100% vested, in each case, however, if and only if as of each such Quarter Date Executive has been continuously employed by the Company, Employer or any of their respective Subsidiaries from the date of this Agreement through and including such Quarter Date.
Vesting of Executive Securities. (a) The Executive Securities shall vest in the manner specified in, and otherwise be subject to the terms of, this Section 2.
Vesting of Executive Securities. (a) In addition to all sums payable to Executive pursuant to paragraph 4 above, Executive shall receive Three Hundred (300) Class A Management Units and 50 Class B Management Units of Holdings at an aggregate purchase price of $350.00 (the "Original Cost").
Vesting of Executive Securities. (a) Executive has received eighty-five (85) Class A Management Units of Holdings at an aggregate purchase price of $85.00 (the "Original Cost"). In addition, Executive was previously granted forty (40) Class A Management Units pursuant to an Equity Purchase Agreement dated December 29, 1999, which agreement is cancelled and superseded by this Agreement. Such 125 Class A Management Units are covered by this Agreement.
Vesting of Executive Securities. (a) The Carried Common shall be subject to vesting in the manner specified in this SECTION 2. The Co-Invest Units acquired by Executive shall be vested upon the purchase thereof. Except as otherwise provided in SECTION 2(b) and (c) below, 5% of the Carried Common will become vested on each Quarter Date such that on February 14, 2007 the Carried Common will be 100% vested, in each case, however, if and only if as of each such Quarter Date Executive has been continuously employed by the Company, Employer or any of their respective Subsidiaries from the date of this Agreement through and including such Quarter Date.
Vesting of Executive Securities. (a) Except as otherwise provided herein, fifty percent (50%) of the Executive Securities shall vest as described in Section 2(b) below (the "Time Shares") and fifty percent (50%) of the Executive Securities shall vest as described in Section 2(c) below (the "Performance Shares").
