Common use of Treatment of Xxxxxxx Time-Based Restricted Stock Units Clause in Contracts

Treatment of Xxxxxxx Time-Based Restricted Stock Units. Each Xxxxxxx Restricted Stock Unit that is outstanding immediately prior to the Distribution Date and that is held by an Veralto Employee who continues in employment through the Distribution Date, whether vested or unvested, shall automatically be assumed by Veralto at the Distribution Date (each, a “Veralto Time-Based Restricted Stock Unit”) and shall continue to have, and be subject to, the same terms and conditions (including vesting schedule) as were applicable to the corresponding Xxxxxxx Time-Based Restricted Stock Unit immediately prior to the Distribution Date, except that each grant of Veralto Time-Based Restricted Stock Units shall (i) relate to that number of shares of Veralto Common Stock (with each discrete grant rounded up to the nearest whole share, subject to Section 4.5(a)) equal to the product of (x) the number of shares of Xxxxxxx Common Stock that were issuable upon the vesting of such Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Date and (y) the Equity Award Adjustment Ratio and (ii) be subject to vesting solely based upon the satisfaction of any applicable continued employment requirements that apply to the corresponding Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Date.

Treatment of Xxxxxxx Time-Based Restricted Stock Units. Each Xxxxxxx Restricted Stock Unit that is outstanding immediately prior to the Distribution Effective Time and that is held by an Envista Employee who continues in employment through the Effective Time shall remain outstanding in accordance with its terms. Each Xxxxxxx Restricted Stock Unit that is outstanding immediately prior to the Disposition Date and that is held by an Veralto Envista Employee who continues in employment through the Distribution Disposition Date, whether vested or unvested, shall automatically be assumed by Veralto Envista at the Distribution Disposition Date (each, a “Veralto Envista Time-Based Restricted Stock Unit”) and shall continue to have, and be subject to, the same terms and conditions (including vesting schedule) as were applicable to the corresponding Xxxxxxx Time-Based Restricted Stock Unit immediately prior to the Distribution Disposition Date, except that each grant of Veralto Envista Time-Based Restricted Stock Units shall (i) relate to that number of shares of Veralto Envista Common Stock (with each discrete grant rounded up to the nearest whole share, subject to Section 4.5(a)) equal to the product of (x) the number of shares of Xxxxxxx Common Stock that were issuable upon the vesting of such Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Disposition Date and (y) the Equity Award Adjustment Ratio and (ii) be subject to vesting solely based upon the satisfaction of any applicable continued employment requirements that apply to the corresponding Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Disposition Date.

Treatment of Xxxxxxx Time-Based Restricted Stock Units. Each Xxxxxxx Restricted Stock Unit that is outstanding immediately prior to the Distribution Date and that is held by an a Veralto Employee who continues in employment through the Distribution Date, whether vested or unvested, shall automatically be assumed by Veralto at the Distribution Date (each, a “Veralto Time-Based Restricted Stock Unit”) and shall continue to have, and be subject to, the same terms and conditions (including vesting schedule) as were applicable to the corresponding Xxxxxxx Time-Based Restricted Stock Unit immediately prior to the Distribution Date, except that each grant of Veralto Time-Based Restricted Stock Units shall (i) relate to that number of shares of Veralto Common Stock (with each discrete grant rounded up to the nearest whole share, subject to Section 4.5(a)) equal to the product of (x) the number of shares of Xxxxxxx Common Stock that were issuable upon the vesting of such Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Date and (y) the Equity Award Adjustment Ratio and (ii) be subject to vesting solely based upon the satisfaction of any applicable continued employment requirements that apply to the corresponding Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Date.

Treatment of Xxxxxxx Time-Based Restricted Stock Units. Each Xxxxxxx Restricted Stock Unit that is outstanding immediately prior to the Distribution Date Effective Time and that is held by an Veralto a Fortive Employee who continues in employment through the Distribution DateEffective Time, whether vested or unvested, shall automatically be assumed by Veralto Fortive at the Distribution Date Effective Time (each, a “Veralto Fortive Time-Based Restricted Stock Unit”) and shall continue to have, and be subject to, the same terms and conditions (including vesting schedule) as were applicable to the corresponding Xxxxxxx Time-Based Restricted Stock Unit immediately prior to the Distribution DateEffective Time, except that each grant of Veralto Fortive Time-Based Restricted Stock Units shall (i) relate to that number of shares of Veralto Fortive Common Stock (with each discrete grant rounded up to the nearest whole share, subject to Section 4.5(a)) equal to the product of (x) the number of shares of Xxxxxxx Common Stock that were issuable upon the vesting of such Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution Date Effective Time and (y) the Equity Award Adjustment Ratio and (ii) be subject to vesting solely based upon the satisfaction of any applicable continued employment requirements that apply to the corresponding Xxxxxxx Time-Based Restricted Stock Units immediately prior to the Distribution DateEffective Time.