Common use of Effect of Termination of Continuous Service Clause in Contracts

Effect of Termination of Continuous Service. (a) In the event of the termination of the Grantee’s Continuous Service, all Units that are not vested will be immediately and automatically forfeited, except as provided in Sections 3(b) and 4 below or as otherwise provided in an employment agreement or other written agreement by and between the Grantee and the Company. (b) In the event that ▇▇▇▇▇▇▇’s Continuous Service is terminated by the Company (other than for Cause or on account of ▇▇▇▇▇▇▇’s death or Disability) or by the Grantee for Good Reason (as defined in ▇▇▇▇▇▇▇’s employment agreement with the Company), then, conditioned upon Grantee executing and not revoking a release of claims against the Company, its parents, subsidiaries and affiliates and each of its officers, directors, employees, agents, successors and assigns in a form reasonably acceptable to the Company that becomes effective by its terms on or prior to the sixtieth (60) day following such termination, all then-unvested Units that would have vested during the twelve (12) months immediately following the date on which ▇▇▇▇▇▇▇’s Continuous Service was terminated had such termination not occurred shall fully vest.