Termination of Vesting. Notwithstanding Sections 5(a) above, if Employee ceases to be employed by the Company or any of its Subsidiaries prior to a Sale of the Company, then vesting will cease, with the effect that from and after the date of such cessation the number of the Employee Units issued to Employee pursuant to Section 1 above that will be Vested Units will be the number of such units that constitute Vested Units as determined pursuant to Section 5(a) above as of the date such employment ceased, whether or not a Sale of the Company occurs thereafter.
Appears in 15 contracts
Samples: Employee Equity Agreement (Zayo Group LLC), Employee Equity Agreement (Zayo Group LLC), Employee Equity Agreement (Zayo Group LLC)
Termination of Vesting. Notwithstanding Sections 5(a) above, if Employee Executive ceases to be employed by the Company or any of its Subsidiaries prior to a Sale of the Company, then vesting will cease, with the effect that from and after the date of such cessation the number of the Employee Executive Units issued to Employee Executive pursuant to Section 1 above that will be Vested Units will be the number of such units that constitute Vested Units as determined pursuant to Section 5(a) above as of the date such employment ceased, whether or not a Sale of the Company occurs thereafter.
Appears in 5 contracts
Samples: Employee Equity Agreement (American Fiber Systems, Inc.), Employee Equity Agreement (American Fiber Systems, Inc.), Employee Equity Agreement (American Fiber Systems, Inc.)
Termination of Vesting. Notwithstanding Sections Section 5(a) above, if Employee Executive ceases to be employed by the Company or any of its Subsidiaries prior to a Sale of the Company, then vesting will cease, with the effect that from and after the date of such cessation the number of the Employee Executive Units issued to Employee Executive pursuant to Section 1 above that will be Vested Units will be the number of such units that constitute Vested Units as determined pursuant to Section 5(a) above as of the date such employment ceased, whether or not a Sale of the Company occurs thereafter.
Appears in 2 contracts
Samples: Class a Equity Agreement (American Fiber Systems, Inc.), Class a Equity Agreement (American Fiber Systems, Inc.)
Termination of Vesting. Notwithstanding Sections 5(a) above, if Employee Executive ceases to be employed by the Company or any of its Subsidiaries prior to a Sale of the Company, then vesting will cease, with the effect that from and after the date of such cessation the number of the Employee Executive Units issued to Employee Executive pursuant to Section 1 above that will be Vested Units will be the number of such units that constitute Vested Units as determined pursuant to Section 5(a5 (a) above as of the date such employment ceased, whether or not a Sale of the Company occurs thereafter.
Appears in 2 contracts
Samples: Employee Equity Agreement (American Fiber Systems, Inc.), Employee Equity Agreement (American Fiber Systems, Inc.)
Termination of Vesting. Notwithstanding Sections 5(a5 (a) above, if Employee Executive ceases to be employed by the Company or any of its Subsidiaries prior to a Sale of the Company, then vesting will cease, with the effect that from and after the date of such cessation the number of the Employee Executive Units issued to Employee Executive pursuant to Section 1 above that will be Vested Units will be the number of such units that constitute Vested Units as determined pursuant to Section 5(a) above as of the date such employment ceased, whether or not a Sale of the Company occurs thereafter.
Appears in 2 contracts
Samples: Employee Equity Agreement (American Fiber Systems, Inc.), Employee Equity Agreement (American Fiber Systems, Inc.)
Termination of Vesting. Notwithstanding Sections 5(a) above, if Employee ceases to be employed by the Company or any of its Subsidiaries prior to a Sale of the Company, then vesting will cease, with the effect that from and after the date of such cessation the number of the Employee Units issued to Employee pursuant to Section 1 above that will be Vested Units will be the number of such units that constitute Vested Units as determined pursuant Pursuant to Section 5(a) above as of the date such employment ceased, whether or not a Sale of the Company occurs thereafter.
Appears in 1 contract
Samples: Employee Equity Agreement (American Fiber Systems, Inc.)
