Common use of RSU Grants Clause in Contracts

RSU Grants. The Executive shall be entitled to receive RSUs in an amount equal to 4% of the outstanding Common Units (as that term is defined in the Company’s Limited Liability Company Agreement) of the Company as of the Effective Date. The RSUs will be granted as of the Effective Date (or as soon as practicable thereafter) and one-third (1/3) of such RSUs will vest on January 1, 2013. Another one-third (1/3) of the RSUs will vest on the date that is one year following the Effective Date, and the final one-third (1/3) of the RSUs will vest on the date that is two years following the Effective Date. Upon termination of the Executive’s employment with the Company, the Exceutive will retain all unvested RSUs, unless the Executive’s employment is terminated for Cause (as defined below), in which case all unvested RSUs will be forfeited.