Date Hereof. None of the Vesting Employee Securities are vested as of the date hereof. Vesting Employee Securities that have become vested in accordance with the terms of this Agreement are referred to herein as “Vested Common Units”, and all other Vesting Employee Securities are referred to herein as “Unvested Common Units”. Notwithstanding anything to the contrary, the number of Vested Common Units shall not increase once the Employee ceases to be employed by the Company and/or any of its Subsidiaries.
Appears in 3 contracts
Sources: Employee Subscription Agreement, Employee Subscription Agreement (Mortons Restaurant Group Inc), Employee Subscription Agreement (Mortons Restaurant Group Inc)