Common use of Normal Vesting Clause in Contracts

Normal Vesting. One-half of the Units (rounded down to the nearest whole number, if one-half of the Units is not a whole number) shall vest on the second anniversary of the Grant Date, and the remainder of the Units shall vest on the third anniversary of the Grant Date, in each case unless the Holder’s Severance has occurred before the applicable anniversary, and subject to Section 5 below. In the event of a Change in Control prior to the Holder’s Severance, all unvested Units shall vest in full.

Normal Vesting. One-half of the Units (rounded down to the nearest whole number, if one-half of the Units is not a whole number) shall vest on the second anniversary of the Grant Date, and the remainder of the The Units shall vest on the third anniversary of the Grant Date, in each case unless the Holder’s Severance has occurred before the applicable such third anniversary, and subject to Section 5 below. In the event of a Change in Control prior to the Holder’s Severance, all unvested Units shall vest in full.

Normal Vesting. One-half of the Units (rounded down to the nearest whole number, if one-half of the Units is not a whole number) shall vest on the second anniversary of the Grant Date, and the remainder of the Units shall vest on the third anniversary of the Grant Date, in each case unless the Holder’s Severance has occurred before the applicable anniversary, and subject to Section 5 below. In the event of a Change in Control prior to the Holder’s Severance, all unvested Units shall vest in full.

Normal Vesting. One-half of the Units (rounded down to the nearest whole number, if one-half of the Units is not a whole number) shall vest on the second anniversary of the Grant Date, and the remainder of the Units shall vest on the third anniversary of the Grant Date, in each case unless the Holder’s Severance has occurred before the applicable anniversary, and subject to Section 5 below. In the event of a Change in Control prior to the Holder’s Severance, all unvested Units shall vest in full.