Vesting of Executive Stock. (a) (i) Except as otherwise provided in paragraph 2(b) below, the Executive Stock which is Class A Common shall become vested in accordance with the following schedule, if as of each such date Executive is employed by the Company or any of its Subsidiaries: Cumulative Percentage of Class A Executive Date Stock Vested ---------- ------------------------------- the date hereof 75.0% June 30, 1998 87.5% June 30, 1999 100.0%
Vesting of Executive Stock. (a) All of the shares of Executive Stock acquired hereunder shall be subject to vesting in the manner specified in this Section 2. Except as otherwise provided in Sections 2(b) and 2(c) below, the Executive Stock will become vested in accordance with the following schedule (the "Vesting ------- Schedule"), if as of each such date Executive is still employed by the Company -------- or any of its Subsidiaries: Date Cumulative Percentage of ---- Executive Stock to be Vested ---------------------------- March 31, 2000 20% March 31, 2001 40% March 31, 2002 60% March 31, 2003 80% March 31, 2004 100%
Vesting of Executive Stock. (1) The Executive Stock shall be subject to vesting in the manner specified in this SECTION 3.
Vesting of Executive Stock. (a) Except as otherwise provided in paragraph 2(b) below, all shares of Executive Stock will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Percentage of Executive Date Stock Vested ------------------------------- ---------------- Closing of the Base Acquisition 15% 1st Anniversary of Closing of the Base Acquisition 32% 2nd Anniversary of Closing of the Base Acquisition 49% 3rd Anniversary of Closing of the Base Acquisition 66% 4th Anniversary of Closing of the Base Acquisition 83% 5th Anniversary of Closing of the Base Acquisition 100%
Vesting of Executive Stock. (a) Except as otherwise provided in Section 2(b) below, the Executive Stock will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Percentage of Anniversary Date Executive Stock Vested ---------------- ---------------------- June 2, 1998 20% June 2, 1999 40% June 2, 2000 60% June 2, 2001 80% June 2, 2002 100%
Vesting of Executive Stock. The Executive Stock will be fully vested in Executive on the date of this Agreement.
Vesting of Executive Stock. (a) Except as otherwise provided in Sections 2(b), 2(c) and 2(d) below, the Executive Stock shall become vested in accordance with the following schedule (provided that if only clause (ii) is satisfied in a given year, then half of the amount that would vest if both (i) and (ii) were satisfied shall vest as of such fiscal year end), if (i) the Company’s EBITDA meets the applicable EBITDA Target Amount as of such fiscal year end, and (ii) if as of each such date Executive is, and has been since the date hereof, employed by the Company or any of its Subsidiaries: Date Annual Percentage of Executive Stock Vested Company’s fiscal year ending on or around December 31, 2007 25 % Company’s fiscal year ending on or around December 31, 2008 25 % Company’s fiscal year ending on or around December 31, 2009 25 % Company’s fiscal year ending on or around December 31, 2010 25 %
Vesting of Executive Stock. (a) Except as otherwise provided in paragraph 4(b) below, 20% of the Executive Stock will be deemed "Vested Shares" as of the date of Closing and the remainder of the Executive Stock will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any of its Subsidiaries: Cumulative Anniversary of Percentage of Executive the Date of Closing Stock Vested ------------------- ----------------------- 1st 40 2nd 60 3rd 80 4th 100 Any shares of Executive Stock which do not become Vested Shares under the foregoing provisions will remain "Unvested Shares."
Vesting of Executive Stock. The Executive Stock shall be fully vested -------------------------- immediately as of the consummation of the purchase and sale of the Executive Stock.
Vesting of Executive Stock. The Executive Stock shall become vested in -------------------------- accordance with the provisions of this paragraph 2. On the last day of each calendar month after the date hereof, 1/36th of the Executive Stock shall become vested, if and only if, Executive is and has been continuously employed by the -------------- Company from the date hereof through the applicable vesting date; provided that -------- ---- in the event Executive's employment with the Company is terminated by the Company without Cause, all of the Executive Stock shall become immediately vested. Shares of Executive Stock which have become vested are referred to herein as "Vested Shares," and all other shares of Executive Stock are referred ------------- to herein as "Unvested Shares." ---------------
