2014 Performance Based Units Held by Former Employees; Performance Based Units Granted in 2015 Sample Clauses


2014 Performance Based Units Held by Former Employees; Performance Based Units Granted in 2015. Each Grace Performance Based Unit granted in 2014 that is outstanding immediately prior to the Effective Time and that is held by a Former Employee, and each Grace Performance Based Unit granted in 2015 that is outstanding immediately prior to the Effective Time, shall be converted as of the Effective Time into an Adjusted Grace Restricted Stock Unit, and each such unit shall be subject to the same terms and conditions after the Effective Time as were applicable to such Grace Performance Based Unit prior to the Effective Time (except as otherwise provided herein, including in this Section 4.02(b)(ii) and Section 4.02(g)); provided, however, that: