EFFECT OF TERMINATION ON VESTING. If an Executive's employment with the Company terminates for any reason, such Executive's Convertible Shares shall be vested and fully convertible with respect to that portion of such Executive's Convertible Shares that were vested and convertible on the date of such termination (such Executive's "Termination Date"), and, unless otherwise determined by the Board, any portion of such Executive's Convertible Shares that were not vested and convertible as of such Executive's Termination Date shall not vest from and after the Termination Date and shall not be convertible into Class D Convertible Shares from and after the Termination Date.
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Samples: Management Equity Agreement (MDCP Acquisitions I), Management Equity Agreement (JSG Acquisitions I), Management Equity Agreement (JSG Acquisitions I)
EFFECT OF TERMINATION ON VESTING. If an Executive's employment with the Company terminates for any reason, such Executive's Convertible Shares shall be vested and fully convertible with respect to that portion of such Executive's Convertible Shares that were vested and convertible on the date of such termination (such Executive's "Termination DateTERMINATION DATE"), and, unless otherwise determined by the Board, any portion of such Executive's Convertible Shares that were not vested and convertible as of such Executive's Termination Date shall not vest from and after the Termination Date and shall not be convertible into Class D Convertible Shares from and after the Termination Date.
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