Vesting of Unvested Common Units Sample Clauses

Vesting of Unvested Common Units. Unvested Common Units shall vest according to the following: Notwithstanding anything in this Agreement to the contrary: (i) the Units held by any Member as a result of the conversion of Class C Units (as defined in the Pre-IPO Agreement), pursuant to the Recapitalization Agreement, which as of the date hereof are subject to any vesting, forfeiture, repurchase or similar provisions pursuant to the Pre-IPO Agreement or in any applicable management unit subscription agreement or other agreement pursuant to which such Unvested Common Units were issued (in each case, “Unvested Common Units”) shall continue to be subject to such vesting, forfeiture, repurchase or similar provisions; and (ii) no Member may Transfer any Unvested Common Units, provided that a Member may Transfer Unvested Common Units pursuant to and in accordance with Section 3.9 of this Agreement if the Member acknowledges and agrees in writing, in a form reasonably satisfactory to the Managing Member, that any securities received in exchange therefor shall continue to be subject to the vesting, forfeiture, repurchase or similar provisions to which such Unvested Common Units are then subject. Notwithstanding the terms of any particular award, the Managing Member may at any time accelerate the time at which an Unvested Common Unit may vest in its discretion and without the requirement of equivalent treatment among the Common Units that are the subject of an award. A Unit shall cease to be an Unvested Common Unit at such time as such Unit ceases to be subject to such vesting, forfeiture, repurchase or similar provisions. For the avoidance of doubt, the IPO shall not be considered to be any type of Change in Control event of the Company with respect to the vesting provisions of the Class C Units or otherwise. With respect to each share of Class B Common Stock issued to a Member relating to an Unvested Common Unit, such Member agrees that each such share of Class B Common Stock will also be subject to the same vesting restrictions applicable to such corresponding Unvested Common Unit.
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Vesting of Unvested Common Units. Unvested Common Units shall vest according to the following:
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Vesting of Unvested Common Units. Unvested Common Units shall vest according to the following: Notwithstanding anything in this Agreement to the contrary: (i) the Units held by any Member as a result of the conversion of Class M Units (as defined in the Pre-IPO Agreement) pursuant to the Recapitalization Agreement, which as of the date hereof are subject to any vesting, forfeiture or similar provisions pursuant to the Pre-IPO Agreement or in any applicable unit award agreement or other agreement or plan pursuant to which such Unvested Common Units were issued (in each case, “Unvested Common Units”) shall continue to be subject to such vesting, forfeiture or similar provisions; and (ii) no Member may Transfer any Unvested Common Units. A Unit shall cease to be an Unvested Common Unit at such time as such Unit ceases to be subject to such vesting, forfeiture or similar provisions in accordance with its terms. With respect to each share of Class B Common Stock issued to a Member relating to an Unvested Common Unit, such Member agrees that each such share of Class B Common Stock will also be subject to the same vesting restrictions applicable to such corresponding Unvested Common Unit.
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Related to Vesting of Unvested Common Units

  • Vesting of Units For purposes of this Agreement, “Vesting Date” means any date, including the Scheduled Vesting Dates specified in the Vesting Schedule on the cover page of this Agreement, on which Units subject to this Agreement vest as provided in this Section 4.

  • Vesting of LTIP Units The restrictions and conditions in Sections 2(b) and 2(c) of this Agreement shall lapse with respect to the LTIP Units granted herein in the amounts and on the Vesting Dates specified below: Portion of Award to Vest Vesting Date 33.33% [Grant Date,] 2017 33.33% [Grant Date,] 2018 33.33% [Grant Date,] 2019 Total: 100% of Award

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Unvested Common Shares Issued in Settlement of Performance Share Awards If the Executive terminates employment pursuant to Sections 6(b), 6(d) or 6(e)(i) after the Performance Share Vesting Date, the vesting of all Unvested Common Shares (as defined in the Performance Share Agreement) issued in settlement of the Performance Share Award shall be accelerated in full effective as of the date of such termination.

  • Vesting of PSUs The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreement, the PSUs will vest and become non-forfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals for payout set forth in the attached Exhibit A, (b) the certification of the performance results for the PSUs by the Committee, and (c) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the performance goals set forth on the attached Exhibit A and shall be rounded to the nearest whole PSU.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Vesting of RSUs (a) Subject to Participant’s continued employment with or service to a Company Group Member on each applicable vesting date and subject to the terms of this Agreement, including, without limitation, Section 2.2(d), the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice.

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