Common use of Continuous Service Required Clause in Contracts

Continuous Service Required. The Exercise/Vesting Schedule requires Continuous Service through each applicable vesting date as a condition to the vesting of the applicable installment and rights and benefits under this Agreement. Partial Continuous Service, even if substantial, during any vesting period will not entitle the Optionee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of Continuous Service.

Appears in 2 contracts

Samples: Stock Option Agreement (Impac Mortgage Holdings Inc), Stock Option Agreement (American River Bankshares)

AutoNDA by SimpleDocs

Continuous Service Required. The Exercise/Vesting Schedule requires the Optionee to be in Continuous Service through each applicable vesting date as a condition to the vesting of and right to exercise the applicable installment and rights and benefits under this Agreement. Partial Continuous ServiceService that ends prior to a vesting date, even if substantial, during any vesting period will not entitle the Optionee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of Continuous Service.

Appears in 1 contract

Samples: Stock Option Agreement (Neonc Technologies Holdings, Inc.)

AutoNDA by SimpleDocs

Continuous Service Required. The Exercise/Vesting Schedule requires the Optionholder to be in Continuous Service through each applicable vesting date as a condition to the vesting of and right to exercise the applicable installment and rights and benefits under this Agreement. Partial Continuous ServiceService that ends prior to a vesting date, even if substantial, during any vesting period will not entitle the Optionee Optionholder to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of Continuous Service.

Appears in 1 contract

Samples: Stock Option Agreement (Vsee Health, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!