Common use of Involuntary Termination of Employment by the Company Clause in Contracts

Involuntary Termination of Employment by the Company. In the event of an involuntary termination of your employment by the Company without Cause: (i) on or prior to [●], one-third of your Target PSUs will vest and will convert into Shares on the Adjustment Date; (ii) after [●] but on or prior to [●], two-thirds of your Target PSUs will vest and will convert into Shares on the Adjustment Date; or (iii) after [●], all of your Target PSUs will vest and will convert into Shares on the Adjustment Date, in each case, subject to adjustment in accordance with Section 2(a) (even though you are not employed by the Company on the Vesting Date); provided that such vesting and conversion is subject to your execution and non-revocation of an agreement and release of claims satisfactory to the Company within 60 days following termination of your employment.

Involuntary Termination of Employment by the Company. In the event of an involuntary termination of your employment by the Company without Cause: (i) on or prior to [●•], one-third of your Target PSUs will vest and will convert into Shares on the Adjustment Date; (ii) after [●•] but on or prior to [●•], two-thirds of your Target PSUs will vest and will convert into Shares on the Adjustment Date; or (iii) after [●•], all of your Target PSUs will vest and will convert into Shares on the Adjustment Date, in each case, subject to adjustment in accordance with Section 2(a) (even though you are not employed by the Company on the Vesting Date); provided that such vesting and conversion is subject to your execution and non-revocation of an agreement and release of claims satisfactory to the Company within 60 days following termination of your employment.