Vested Percent

Vested Percent. Means, except as provided in the next sentence, on any relevant date, the percentage determined by multiplying 2.083333% by each full month of Employee's continuous Service with Zhone from and after July 1, 1999 through such date until the Vested Percent equals 100%. In the event of Employee's Involuntary Termination or the occurrence of a Change in Control Date while Employee is in Service to Zhone, the Vested Percent shall as of the date of any such event or occurrence become 100%. In the... event of 2 Employee's death or Disability, 50% of the Class B Member Interest that would otherwise be an Unvested Interest as of the date of such death or Disability pursuant to the operation of the first sentence of this Section 3.12, shall instead be added to and included in the Vested Percent as of such date. View More