Common use of Vesting Units Clause in Contracts

Vesting Units. The Incentive Units shall vest in accordance with this Section 5 in each case only so long as Employee remains continuously employed by the Company or any of its Subsidiaries. Notwithstanding any other provision of this Agreement, no Incentive Units shall vest after the date on which Employee ceases to be employed by the Company or its Subsidiaries for any reason (the “Termination,” and the date of any such Termination, the “Termination Date”), and in no event will the aggregate number of Incentive Units which are deemed to be vested exceed the aggregate number of Incentive Units which are vested on Employee’s Termination Date (as determined in accordance with this Section 5). For purposes of clarity, all Incentive Units which may vest pursuant to this Section 5 shall continue to be subject to the restrictions set forth in Section 3 hereof.

Vesting Units. The Incentive Units shall vest in accordance with this Section 5 in each case only so long as Employee remains continuously employed by the Company or any of its Subsidiaries. Notwithstanding any other provision of this Agreement, except as set forth in the last sentence of Section 5(b) below, no Incentive Units shall vest after the date on which Employee ceases to be employed by the Company or its Subsidiaries for any reason (the “Termination,” and the date of any such Termination, the “Termination Date”), and in no event will the aggregate number of Incentive Units which are deemed to be vested exceed the aggregate number of Incentive Units which are vested on Employee’s Termination Date (as determined in accordance with this Section 5). For purposes of clarity, all Incentive Units which may vest pursuant to this Section 5 shall continue to be subject to the restrictions set forth in Section 3 hereof.