Examples of Continuous Service in a sentence
For the avoidance of doubt, if the Participant’s Continuous Service is terminated for any reason other than those set forth in Section 4(a) or Section 4(b) prior to the applicable Vesting Date, then any unvested Units shall be forfeited and the Participant’s rights with respect to any unvested Units shall cease and terminate, without any further obligation on the part of the Company or a Related Entity.
Except as provided otherwise in Section 4 below, unvested Units shall be forfeited upon a termination of the Participant’s Continuous Service.
If, prior to the applicable Vesting Date, the Participant’s Continuous Service is terminated (i) due to an Involuntary Termination (ii) due to the Participant’s death or (iii) by the Company following the Participant incurring a Disability, the Units shall become fully vested as of the date of such termination.
Except as otherwise provided herein, subject to the Participant’s Continuous Service through the applicable date of vesting under the Vesting Schedule (each, a “Vesting Date”), the Units will vest in accordance with the Vesting Schedule above.
Payments upon termination of Continuous Service may only be made upon a “separation from service” under Section 409A.