Common use of Tranche Clause in Contracts

Tranche. 3 – one-fifth (1/5th) of the Deferred Stock Units, on the earlier of (x) the three (3) year anniversary of the Date of Grant or (y) the fifth (5th) anniversary of the date of Participant’s termination as a Service Provider prior to attainment of age 67

Tranche. 3 1 – one-fifth (1/5th) of the Deferred Stock Units, on the earlier of (x) the three one (31) year anniversary of the Date of Grant or (y) the fifth (5th) anniversary of the date of Participant’s termination as a Service Provider prior to attainment of age 67.

Tranche. 3 2 – one-fifth (1/5th) of the Deferred Stock Units, on the earlier of (x) the three two (32) year anniversary of the Date of Grant or (y) the fifth (5th) anniversary of the date of Participant’s termination as a Service Provider prior to attainment of age 67;