Based Vesting Sample Clauses

Based Vesting thorough investigation of matters relevant to the LTIP Units and has been furnished with, and has reviewed and understands, materials relating to the Partnership, Employee Pool and their activities (including, but not limited to, the Background Documents). The Grantee has been afforded the opportunity to obtain any additional information (including any exhibits to the Background Documents) deemed necessary by the Grantee to verify the accuracy of information conveyed to the Grantee. The Grantee confirms that all documents, records, and books pertaining to the Grantee’s receipt of LTIP Units which were requested by the Grantee have been made available or delivered to the Grantee. The Grantee has had an opportunity to ask questions of and receive answers from the Partnership and Employee Pool, or from a person or persons acting on their behalf, concerning the terms and conditions of the LTIP Units. The Grantee has relied upon, and is making its decision solely upon, the Background Documents and other written information provided to the Grantee by Employee Pool, the Partnership and their Affiliates. The Grantee did not receive any tax, legal or financial advice from the Partnership, the General Partner or Employee Pool and, to the extent it deemed necessary, has consulted with the Grantee’s own advisors in connection with the Grantee’s evaluation of the Background Documents and this Agreement and the Grantee’s receipt of LTIP Units.
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Based Vesting. Subject to any accelerated vesting pursuant to paragraph 2 below, one-half of the Unreleased Shares shall be released from the Company's Repurchase Option on November 15, 2005, if White then remains a Consultant performing Services on such date, and any remaining Unreleased Shares shall be released from the Company's Repurchase Option on November 15, 2006, if White then remains a Consultant performing Services on such date. Accelerated Vesting.
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Based Vesting. 000,000 upon the Start Date 2,000,000 at your first year anniversary 2,000,000 at your second year anniversary If for any reason you resign within 12 months following your Start Date, you will forgo all such unvested options. Furthermore, you understand that the Innovative’s stock option plan requires that any employee who leaves the employment of Innovative, the Company, or any other subsidiary of Innovative at a time when such person has vested options, such person will have no more than three (3) months from such termination date to exercise any vested options. The Company further agrees that your stock options will contain a provision that states that in the event that Innovative or the Company is purchased or there is a change in control prior to the time in which all of your options have vested, then all of your unvested options shall automatically vest. In the event the Company terminates you without “Cause,” then the pro rata portion of any unvested time-based options up until the date of notice of termination that are due to vest in the year of termination shall vest.
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Related to Based Vesting

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Scheduled Vesting If you remain a Service Provider continuously from the Grant Date specified on the cover page of this Agreement, then the Units will vest in the amounts and on the Scheduled Vesting Dates specified in the Vesting Schedule.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.