Common use of Vesting Based on Continued Service Clause in Contracts

Vesting Based on Continued Service. 20% of the Restricted Shares will become nonforfeitable on each of the first, second, third, fourth and fifth anniversaries of the Effective Date, provided in each case that the Grantee remains continuously employed or engaged by the Company through the applicable anniversary.

Vesting Based on Continued Service. 20% of the Restricted Shares will become nonforfeitable on each of the first, second, third, fourth and fifth anniversaries of the Effective Date, provided in each case that the Grantee remains continuously employed or engaged by in continuous service with the Company through the applicable anniversaryanniversary date. For purposes of this Agreement, service with an Affiliate of the Company will be deemed to constitute service with the Company, for so long as such entity remains an Affiliate of the Company.