Common use of Retention Program Clause in Contracts

Retention Program. Holdings Employees shall cease participation in the Retention Program effective as of the IPO Date; provided, however, that a Holdings Employee shall continue to be eligible to participate in the Retention Program on and after the IPO Date with respect to awards in which such employee has a vested interest as of such date to the extent of such vested interest, as well as with respect to vested interests in "Follow-up Investments" (as such term is defined in the Retention Program) that relate to such awards. Continental shall retain liability for payments to Holdings Employees with respect to the vested interests in such awards and the vested interests in any "Follow-up Investments" that relate to any such awards under the Retention Program.

Retention Program. Holdings Employees shall cease participation in the Retention Program effective as of the IPO Date; provided, however, that a Holdings Employee shall continue to be eligible to participate in the Retention Program on and after the IPO Date with respect to awards in which such employee has a vested interest as of such date to the extent of such vested interest, as well as with respect to vested interests in "Follow-up Investments" (as such term is defined in the Retention Program) that relate to such awards. Continental shall retain liability for payments to Holdings Employees with respect to the vested interests in such awards and the vested interests in any "Follow-up Investments" that relate to any such awards under the Retention Program.