Common use of Vesting of Incentive Units Clause in Contracts

Vesting of Incentive Units. All Incentive Units initially shall be Unvested Incentive Units upon the Closing. On each of the first five anniversaries of December 19, 2014, an incremental 20% of all Incentive Units granted hereunder shall become Vested Incentive Units so long as Executive remains continuously employed through such anniversary. If Executive’s employment with the Company and its Subsidiaries is terminated for any reason, including death or Disability, all Unvested Incentive Units will be forfeited (or, to the extent a forfeiture is not permissible under applicable law for any reason, the Unvested Incentive Units shall be subject to the Call Option in Section 4.1(a)(i)). In addition, if Executive’s employment with the Company and its Subsidiaries is terminated for the reasons described in Section 4.1(a)(ii)(B) or (D) or a Restrictive Covenant Violation occurs, all Vested Incentive Units will be forfeited (or, to the extent a forfeiture is not permissible under applicable law for any reason, the Vested Incentive Units shall be subject to the Call Option in Section 4.1(a)(ii)(B) or (D), as applicable). Notwithstanding the foregoing, immediately prior to the occurrence of a Change of Control that occurs prior to the Termination Date, 100% of the Incentive Units that are Unvested Incentive Units shall become Vested Incentive Units.