Vesting of Units Clause Example from Business Contracts

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. (a) 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. (b) A...ccelerated Vesting. Vesting of the Units may be accelerated during the term of the Award under the circumstances described in Sections 3(b)(2), 12(b) and 12(c) of the Plan. View More