Common use of Termination of Participant’s Employment; Continued Convertibility of Vested Option Units Clause in Contracts

Termination of Participant’s Employment; Continued Convertibility of Vested Option Units. (a) If the Participant’s employment with the Employer terminates, the provisions of this Section 4 shall govern the treatment of the Option Units exclusively, regardless of the provisions of any employment, change in control or other agreement or arrangement to which the Participant is a party, or any termination or severance policies of the Parent Member then in effect, which shall be superseded by the Plan and this Award Agreement.

Appears in 4 contracts

Samples: Profits Interests Plan Option Unit Agreement (Welltower Inc.), Option Unit Agreement (Welltower Inc.), Profits Interests Plan Option Unit Agreement (Welltower Inc.)

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