Time Vesting Units. With respect to 50% of the Profits Interest Units subject to this Agreement (the “Time Vesting Units”), subject to a Participant’s continued employment through the applicable vesting date, 25% of the Time Vesting Units xxxx xxxxx 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.
Time Vesting Units. 60% of the Class B Profits Interest Units subject to this Agreement shall be “Time Vesting Units”. Subject to a Participant’s 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’s continued employment through such date.
Time Vesting Units. Fifty percent (50%) of the Unit Award are subject to vesting on an annual basis (the “Time Vesting Units”), with twenty percent (20%) vesting on each of the first, second, third, fourth and fifth anniversaries of the Original Effective Date, subject to Executive’s continued employment with the Company on each applicable vesting date.
Time Vesting Units. 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.
Time Vesting Units. 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.
Time Vesting Units. With respect to 50% of the Profits Interest Units subject to this Agreement (the “Time Vesting Units”), subject to a Participant’s continued service as a non-employee director (“Service”) under the Services Agreement between the Participant and Chiron Holdings GP, Inc. through the applicable vesting date, 25% of the Time Vesting Units xxxx xxxxx 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 3 months thereafter) over the following 12 quarters (36 months) thereafter (therefore, in normal course, the Time Vesting Units will fully vest over the four years from the 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.
Time Vesting Units. 75% of the Deferred Units (the “Time Vesting Units”) 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’s or its Subsidiaries’ policies) Engaged from the Grant Date through and including the applicable vesting date.
Time Vesting Units. With respect to 50% of the Class B Profits Interest Units subject to this Agreement (the “Time Vesting Units”), so long as the Participant has not undergone a Termination prior to the applicable vesting date, 25% of the Time Vesting Units will vest on the first anniversary of the Date of Grant (the “First Vesting Date”) and 2.0833% will vest on each monthly anniversary of the First Vesting Date (such that in the ordinary course, assuming no Termination, the Time Vesting Units shall fully vest on the fourth anniversary of the Date of Grant); provided, however, that all unvested Time Vesting Units will vest upon the consummation of a Change in Control.
Time Vesting Units. (c) 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’s continued employment by or performance of service for the Company or its Subsidiaries on each applicable vesting date.
Time Vesting Units. With regard to 1/3 of the Class B Units granted hereunder (the “Time-Vesting Units”), the percentage of such Time-Vesting Units that will be Vested Units in respect of a Termination Date occurring: • prior to 12 months after the Closing Date, will be 0%; • on or after 12 months after the Closing Date, but prior to 24 months after the Closing Date, will be 33 1/3%; • on or after 24 months after the Closing Date, but prior to 36 months after the Closing Date, will be 33 1/3%; and • 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’s employment with the Company and its Subsidiaries is terminated by the Company or any of its Subsidiaries without Cause (such termination, a “Qualifying Termination”) or due to Director’s 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).
