The Effective Date of the Plan shall be as of May 2, 2016 and, unless sooner terminated by action of the Board, the Plan will terminate on June 30, 2020 (“ Termination Date ”); provided, however, (i) the term may be extended by the adoption of a resolution by the Board extending the term prior to the Termination Date; and (ii) if a Vesting Event has occurred prior to the Termination Date, the Plan’s provisions regarding payment of Incentive Payments and forfeiture of Incentive Payments shall remain in effect until all Incentive Payments relating to such Vesting Event have either been paid or forfeited.  If the Plan is not extended by the Board, then on the Termination Date, all rights of Participants under this Plan shall terminate (other than the right to payments pursuant to the Plan with respect to a Vesting Event that occurred prior to the Termination Date), provided, however, that in the event a definitive, legally binding agreement has been entered into by the Company with respect to a Change of Control prior to the Termination Date, then the term of this Plan automatically shall be extended solely with respect to such Change of Control until the closing date of the Change of Control or the termination or revocation of such agreement without the consummation of the Change of Control (as determined by the Board in its sole discretion) (the “ Extended Term ”), and, except as otherwise provided by Section 5.6 or 5.7 , any Participants holding Incentive Pool Percentages as of the Termination Date shall be entitled to payment pursuant to this Plan upon the closing date of such Change of Control to the extent it closes during the Extended Term.