Common use of Continued Vesting Clause in Contracts

Continued Vesting. Subject to the conditions below, the percentage of your outstanding awards with respect to each vesting date that will continue to vest in accordance with this award’s original schedule will be based on your years of continuous service completed with the Firm immediately preceding your termination date, as follows: • 50% if you have at least 3 but less than 4 years of continuous service, • 75% if you have at least 4 but less than 5 years of continuous service, or • 100% if you have 5 or more years of continuous service. The portion of the award not subject to continued vesting will be cancelled on the date your employment terminates.