Common use of 4Vesting Clause in Contracts

4Vesting. (a) The Restricted Units shall vest according to the following schedule, provided that Recipient remains on the Board of the Company as of each vesting date below: (A) 25% of the Restricted Units shall become vested on February 13, 2019 (such date, the “First Vesting Date”), and (B) the remaining 75% of the Restricted Units shall become vested ratably on a quarterly basis (at the end of each quarter) during the three-year period beginning on the First Vesting Date such that all of the Restricted Units shall become vested on February 13, 2022. (b) Upon the occurrence of a Change in Control, if Recipient has been continuously on the Board of the Company from the Grant Date through and including the date of such Change in Control, then all Restricted Units which have not yet become vested shall become vested (such Restricted Units that become vested in connection with a Change in Control are referred to herein as the “Accelerated Units”).

4Vesting. ​ (a) The Restricted Units shall vest according to the following schedule, provided that Recipient remains on the Board of has been continuously employed by the Company as of each vesting date below: (A) 25% of the Restricted Units shall become vested on February 13September 30, 2019 2018 (such date, the “First Vesting Date”), and (B) the remaining 75% of the Restricted Units shall become vested ratably on a quarterly basis (at the end of each quarter) during the three-year period beginning on the First Vesting Date such that all of the Restricted Units shall become vested on February 13September 30, 2022.. ​ (b) Upon the occurrence of a Change in Control, if Recipient has been continuously on the Board of employed by the Company from the Grant Date through and including the date of such Change in Control, then all Restricted Units which have not yet become vested shall become vested (such Restricted Units that become vested in connection with a Change in Control are referred to herein as the “Accelerated Units”).. ​