Common use of Impact on Equity Due to Terminations of Employment Clause in Contracts

Impact on Equity Due to Terminations of Employment. In Connection with a Change in Control. Notwithstanding anything in any plan, Incentive Unit Agreement, award agreement, omnibus agreement, or any similar agreement or other document between the Company and Executive to the contrary, if Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason or the Company elects not to enter into a Renewal Term within the nine (9)-month period immediately prior to the consummation of a Change in Control, then Executive shall be deemed to be employed on the date of the Change in Control, and all of Executive’s unvested equity awards or equity interests held by Executive immediately prior to the time of such cessation of employment shall vest in full as of the date of the Change in Control (with performance vesting determined by reference to the Company’s valuation in the Change in Control), with any settlement that may be due to Executive as a result of such accelerated vesting being made in accordance with the terms and conditions of the applicable plan, Incentive Unit Agreement, award agreement, omnibus agreement and/or other document or agreement.