Common use of Equity Acceleration for Time-Based Equity Awards Clause in Contracts

Equity Acceleration for Time-Based Equity Awards. The vesting of Executive’s outstanding Equity Awards subject to time-based vesting will accelerate and vest as to the portion that would have vested had Executive remained employed with the Company for twelve (12) months following the termination of employment date. For the avoidance of doubt, no portion of any Equity Award subject to performance-based vesting will vest under this Section 3(a)(iii).

Appears in 7 contracts

Samples: Severance Agreement (Arista Networks, Inc.), Severance Agreement (Arista Networks, Inc.), Severance Agreement (Arista Networks, Inc.)

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Equity Acceleration for Time-Based Equity Awards. The vesting of Executive’s outstanding Equity Awards subject to time-based vesting will accelerate and vest as to the portion that would have vested had Executive remained employed with the Company for twelve (12) months following the termination of employment date. For the avoidance of doubt, no portion of any Equity Award subject to performance-based vesting will vest under this Section 3(a)(iii).. (b)

Appears in 1 contract

Samples: Severance Agreement (Arista Networks, Inc.)

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