Common use of Equity Award Vesting Acceleration Clause in Contracts

Equity Award Vesting Acceleration. (a) If, in connection with a Change in Control, (x) an Equity Award is assumed or continued by the successor or acquiror entity in such Change in Control or such Equity Award is substituted for a similar award of the successor or acquiror entity, and (y) you experience a Qualifying Termination within the Change in Control Period, then, provided you timely comply with the conditions described in Section 3 below, you will become vested, effective as of the date that is 60 days following the date of such Qualifying Termination (or, if later, the effective date of such Change in Control) with respect to one hundred percent (100%) of any then unvested portion of any applicable Equity Award.

Appears in 3 contracts

Samples: Rapid7, Inc., Rapid7, Inc., Rapid7, Inc.

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Equity Award Vesting Acceleration. (a) If, in connection with a Change in Control, (x) an Equity Award is assumed or continued by the successor or acquiror entity in such Change in Control or such Equity Award is substituted for a similar award of the successor or acquiror entity, and (y) you experience a Qualifying Termination within the 90 days prior to or 12 months following such Change in Control PeriodControl, then, provided you timely comply with the conditions described in Section 3 below, you will become vested, effective as of the date that is 60 days following the date of such Qualifying Termination (or, if later, the effective date of such Change in Control) with respect to one hundred 25 percent (100%) of any then unvested portion of any applicable Equity Award.

Appears in 1 contract

Samples: Rapid7, Inc.

Equity Award Vesting Acceleration. (a) If, in connection with a Change in Control, (x) an Equity Award is assumed or continued by the successor or acquiror entity in such Change in Control or such Equity Award is substituted for a similar award of the successor or acquiror entity, and (y) you experience a Qualifying Termination within the Change in Control Period, then, provided you timely comply with the conditions described in Section 3 below, you will become vested, effective as of the date that is 60 days following the date of such Qualifying Termination (or, if later, the effective date of such Change in Control) with respect to one hundred percent (100%) of any then unvested portion of any applicable Equity Award.

Appears in 1 contract

Samples: Rapid7, Inc.

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Equity Award Vesting Acceleration. (a) If, in connection with a Change in Control, (x) an Equity Award is assumed or continued by the successor or acquiror entity in such Change in Control or such Equity Award is substituted for a similar award of the successor or acquiror entity, and (y) you experience a Qualifying Termination within the Change in Control Period, then, provided you timely comply with the conditions described in Section 3 below, you will become vested, effective as of the date that is 60 days following the date of such Qualifying Termination (or, if later, the effective date of such Change in Control) with respect to one hundred [__] percent (100%) of any then unvested portion of any applicable Equity Award.

Appears in 1 contract

Samples: Rapid7, Inc.

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