Event vested stock Clause Samples

Event vested stock. The Employee shall be issued 1,160,000 RSUs that are subject to event based vesting. 1/3 shall vest 1) upon completion of the Company’s public offering of shares pursuant to the S-1 Registration Statement raising gross proceeds of at least $5 million, 2) Completion of all the in vitro and in vivo testing, and 3) Upon grant of the Investigational Device Exemption from the FDA. The shares issued upon vesting pursuant to this Section 9.2 shall have been registered pursuant to the Company’s S-8 registration.