Common use of Termination without Cause or by the Participant for Good Reason Clause in Contracts

Termination without Cause or by the Participant for Good Reason. Subject to the provisions of Section 4, all vesting of Profits Interest Units will cease immediately upon a Participant’s termination of employment by the Employer without Cause or by the Participant for Good Reason and all unvested Profits Interest Units will be automatically cancelled without consideration and forfeited on such date except that (i) with respect to Time Vesting Units, the Participant will vest with respect to what would have vested on the next scheduled vesting date (e.g., 25% in the event of termination prior to the first anniversary or what would have vested on the next quarterly vesting date in the case of a termination after the first anniversary) and (ii) with respect to Performance Vesting Units, in the event that a transaction or transactions occurs or occur within the six (6) month period following such a termination of employment which would have resulted in vesting of any portion of the Performance Vesting Units, the Participant shall be deemed vested in those interests.

Termination without Cause or by the Participant for Good Reason. Subject to the provisions of Section 4, all vesting of Profits Interest Units will cease immediately upon a Participant’s termination of employment by the Employer without Cause or by the Participant for Good Reason and all unvested Profits Interest Units will be automatically cancelled without consideration and forfeited on such date except that (i) with respect to Time Vesting UnitsInterests, the Participant will vest with respect to what would have vested on the next scheduled vesting date (e.g., 25% in the event of termination prior to the first anniversary or what would have vested on the next quarterly vesting date in the case of a termination after the first anniversary) and (ii) with respect to Performance Vesting UnitsInterests (except for certain Transition Terminations in connection with a Divestiture (as described in Section 4)), in the event that a transaction or transactions occurs or occur within the six (6) 6 month period following such a termination of employment which would have resulted in vesting of any portion of the Performance Vesting UnitsInterests, the Participant shall be deemed vested in those interests.

Termination without Cause or by the Participant for Good Reason. Subject to the provisions of Section 4, all vesting of Profits Interest Units will cease immediately upon a Participant’s termination of employment Service by the Employer without Cause or by the Participant for Good Reason and all unvested Profits Interest Units will be automatically cancelled without consideration and forfeited on such date except that (i) with respect to Time Vesting UnitsInterests, the Participant will vest with respect to what would have vested on the next scheduled vesting date (e.g., 25% in the event of termination prior to the first anniversary or what would have vested on the next quarterly vesting date in the case of a termination after the first anniversary) and (ii) with respect to Performance Vesting UnitsInterests (except for certain Transition Terminations in connection with a Divestiture (as described in Section 4)), in the event that a transaction or transactions occurs or occur within the six (6) 6 month period following such a termination of employment Service which would have resulted in vesting of any portion of the Performance Vesting UnitsInterests, the Participant shall be deemed vested in those interests.

Termination without Cause or by the Participant for Good Reason. Subject to the provisions of Section 4, all vesting of Profits Interest Units will cease immediately upon a Participant’s termination of employment by the Employer without Cause or by the Participant for Good Reason and all unvested Profits Interest Units will be automatically cancelled without consideration and forfeited on such date except that (i) with respect to Time Vesting Units, the Participant will vest with respect to what would have vested on the next scheduled vesting date (e.g., 25% in the event of termination prior to the first anniversary or what would have vested on the next quarterly vesting date in the case of a termination after the first anniversary) and (ii) with respect to Performance Vesting UnitsUnits (except for certain Transition Terminations in connection with a Divestiture (as described in Section 4)), in the event that a transaction or transactions occurs or occur within the six (6) 6 month period following such a termination of employment which would have resulted in vesting of any portion of the Performance Vesting Units, the Participant shall be deemed vested in those interests.

Termination without Cause or by the Participant for Good Reason. Subject to the provisions of Section 4, all vesting of Profits Interest Units will cease immediately upon a Participant’s 's termination of employment by the Employer without Cause or by the Participant for Good Reason and all unvested Profits Interest Units will be automatically cancelled without consideration and forfeited on such date except that (i) with respect to Time Vesting UnitsInterests, the Participant will vest with respect to what would have vested on the next scheduled vesting date (e.g., 25% in the event of termination prior to the first anniversary or what would have vested on the next quarterly vesting date in the case of a termination after the first anniversary) and (ii) with respect to Performance Vesting UnitsInterests (except for certain Transition Terminations in connection either with a Divestiture or Reorganization (each as described in Section 4)), in the event that a transaction or transactions occurs or occur within the six (6) 6 month period following such a termination of employment which would have resulted in vesting of any portion of the Performance Vesting UnitsInterests, the Participant shall be deemed vested in those interests.

Termination without Cause or by the Participant for Good Reason. Subject to the provisions of Section 4, all vesting of Profits Interest Units will cease immediately upon a Participant’s termination of employment by the Employer without Cause or by the Participant for Good Reason and all unvested Profits Interest Units will be automatically cancelled without consideration and forfeited on such date except that (i) with respect to Time Vesting UnitsInterests, the Participant will vest with respect to what would have vested on the next scheduled vesting date (e.g., 25% in the event of termination prior to the first anniversary or what would have vested on the next quarterly vesting date in the case of a termination after the first anniversary) and (ii) with respect to Performance Vesting UnitsInterests (except for certain Transition Terminations in connection either with a Divestiture or Reorganization (each as described in Section 4)), in the event that a transaction or transactions occurs or occur within the six (6) 6 month period following such a termination of employment which would have resulted in vesting of any portion of the Performance Vesting UnitsInterests, the Participant shall be deemed vested in those interests.