Common use of Unvested RSUs Clause in Contracts

Unvested RSUs. (a) Upon the occurrence of an Exit Event or a Dissolution that occurs while the Participant continues in the Participant’s status as an employee with respect to the Company or any of its Affiliates, or upon the occurrence of a Qualifying Termination, any unvested RSUs shall become fully vested. (b) If the Participant’s employment with the Company and its Subsidiaries shall have terminated due to the Participant’s death or by the Company due to the Participant’s Disability prior to the first anniversary of the IPO, then a pro-rata portion of the RSUs which are unvested shall become vested, based on the number of days the Participant was employed following the IPO and prior to such termination of employment, divided by 365. This Restricted Stock Unit Agreement, effective as of the Date of Grant (as defined below), is between Invitation Homes Inc., a Maryland corporation (the “Company”), and the Participant (as defined below).