Common use of Effect of Termination of Service and Change of Control Clause in Contracts

Effect of Termination of Service and Change of Control. In the event of (i) the Participant’s termination of employment or service with the Company, SmartStop OP, L.P., or SmartStop Storage Advisors, LLC, or any other Affiliate for any reason, or (ii) a Change of Control, the vesting of the Restricted Shares shall be governed by the Executive Severance and Change of Control Plan, as may be amended pursuant to its terms from time to time (the “Severance Plan”), as in effect at the time of such termination or Change of Control, or, if no such Severance Plan is in place, the Severance Plan last in effect prior to such termination or Change of Control.

Effect of Termination of Service and Change of Control. In the event of (i) the Participant’s termination of employment or service with the Company, SmartStop OP, L.P., L.P. or SmartStop Storage REIT Advisors, LLC, or any other Affiliate for any reason, or (ii) a Change of Control, the vesting of the Restricted Shares shall be governed by the Executive Severance and Change of Control Plan, as may be amended pursuant to its terms from time to time (the “Severance Plan”), as in effect at the time of such termination or Change of Control, or, if no such Severance Plan is in place, the Severance Plan last in effect prior to such termination or Change of Control.