Common use of Non-CIC Qualified Termination Clause in Contracts

Non-CIC Qualified Termination. Upon your Non-CIC Qualified Termination, you will be entitled to the following benefits, subject to the terms and conditions of the Policy: • Equity Vesting: A number of then-unvested shares subject to each of your then-outstanding equity awards (excluding equity awards with performance-based vesting and excluding any equity awards granted on or after the IPO Date) equal to the number of such shares otherwise scheduled to vest during the 6 month period following the date of your Non-CIC Qualified Termination had you remained employed with the Company (or any of its subsidiaries) through such date will immediately vest and, in the case of options and stock appreciation rights, will become exercisable. • Salary Severance: 9 months of your Base Salary, payable in a lump sum on the 61st day following your Non-CIC Qualified Termination.

Appears in 2 contracts

Samples: Participation Agreement (PMV Pharmaceuticals, Inc.), Participation Agreement (PMV Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Non-CIC Qualified Termination. Upon your Non-CIC Qualified Termination, you will be entitled to the following benefits, subject to the terms and conditions of the Policy: • Equity Vesting: A number of then-unvested shares subject to each of your then-outstanding equity awards (excluding equity awards with performance-based vesting and excluding any equity awards granted on or after the IPO Date) equal to the number of such shares otherwise scheduled to vest during the 6 12 month period following the date of your Non-CIC Qualified Termination had you remained employed with the Company (or any of its subsidiaries) through such date will immediately vest and, in the case of options and stock appreciation rights, will become exercisable. • Salary Severance: 9 12 months of your Base Salary, payable in a lump sum on the 61st day following your Non-CIC Qualified Termination.

Appears in 1 contract

Samples: Participation Agreement (PMV Pharmaceuticals, Inc.)

Non-CIC Qualified Termination. Upon your Non-CIC Qualified Termination, you will be entitled to the following benefits, subject to the terms and conditions of the Policy: • Equity Vesting: A number of then-unvested shares subject to each of your then-then­ outstanding equity awards (excluding equity awards with performance-based vesting and excluding any equity awards granted on or after the IPO Date) equal to the number of such shares otherwise scheduled to vest during the 6 month period following the date of your Non-CIC Qualified Termination had you remained employed with the Company (or any of its subsidiaries) through such date will immediately vest and, in the case of options and stock appreciation rights, will become exercisable. • Salary Severance: 9 6 months of your Base Salary, payable in a lump sum on the 61st day following your Non-CIC Qualified Termination.

Appears in 1 contract

Samples: Change in Control and Severance Policy Participation Agreement (PMV Pharmaceuticals, Inc.)

Non-CIC Qualified Termination. Upon your Non-CIC Qualified Termination, you will be entitled to the following benefits, subject to the terms and conditions of the Policy: • Equity Vesting: A number of then-unvested shares subject to each of your then-outstanding equity awards (excluding equity awards with performance-based vesting and excluding any equity awards granted on or after the IPO Date) equal to the number of such shares otherwise scheduled to vest during the 6 month period following the date of your Non-CIC Qualified Termination had you remained employed with the Company (or any of its subsidiaries) through such date will immediately vest and, in the case of options and stock appreciation rights, will become exercisable. • Salary Severance: 9 6 months of your Base Salary, payable in a lump sum on the 61st day following your Non-CIC Qualified Termination.

Appears in 1 contract

Samples: Participation Agreement (PMV Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Non-CIC Qualified Termination. Upon your Non-CIC Qualified Termination, you will be entitled to the following benefits, subject to the terms and conditions of the Policy: • Equity Vesting: A number of then-unvested shares subject to each of your then-then- outstanding equity awards (excluding equity awards with performance-based vesting and excluding any equity awards granted on or after the IPO Date) equal to the number of such shares otherwise scheduled to vest during the 6 month period following the date of your Non-CIC Qualified Termination had you remained employed with the Company (or any of its subsidiaries) through such date will immediately vest and, in the case of options and stock appreciation rights, will become exercisable. • Salary Severance: 9 months of your Base Salary, payable in a lump sum on the 61st day following your Non-CIC Qualified Termination.

Appears in 1 contract

Samples: Participation Agreement (PMV Pharmaceuticals, Inc.)

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