Common use of NOTICE OF GRANT OF RESTRICTED STOCK Clause in Contracts

NOTICE OF GRANT OF RESTRICTED STOCK. Name: Address: The undersigned Participant has been granted a right to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Agreement, as follows: Date of Grant: Vesting Commencement Date: Purchase Price per Share: $ Total Number of Shares Granted: Total Purchase Price: $ Expiration Date: [30 days after Date of Grant] Vesting Schedule: Subject to any accelerated vesting provisions in the Plan, [twenty-five percent (25%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth (1/48th) of the Shares subject to this Agreement shall be released each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), subject to Participant continuing to be a Service Provider through each such date.] Any of the Shares which have not yet been released from the Company’s Repurchase Option are referred to herein as “Unreleased Shares.” The Shares which have been released from the Company’s Repurchase Option shall be delivered to Participant at Participant’s request (see Section 11 of Part II of this Agreement). YOU MUST EXERCISE THIS RESTRICTED STOCK AWARD BEFORE THE EXPIRATION DATE OR IT WILL TERMINATE AND YOU WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Ovid Therapeutics Inc.), Restricted Stock Purchase Agreement (Ovid Therapeutics Inc.), Restricted Stock Purchase Agreement (Juno Therapeutics, Inc.)

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NOTICE OF GRANT OF RESTRICTED STOCK. Name: Xxxx X. XxXxxxxx Address: The undersigned Participant has been granted a right to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Agreement, as follows: Date of Grant: September 2, 2014 Vesting Commencement Date: May 9, 2014 Purchase Price per Share: $ $1.43 Total Number of Shares Granted: 1,043,173 Total Purchase Price: $ Expiration Date: [30 days after Date of Grant] $1,491,737.39 Vesting Schedule: Subject 100% of the Shares subject to any accelerated vesting provisions this Agreement shall vest on the four (4) year anniversary of the Vesting Commencement Date referred to herein as the “Cliff Vesting Date”; provided, however, that in the Planevent Participant is terminated by the Company for any reason other than Cause (as defined below) prior to the fourth anniversary of the Vesting Commencement Date, [twenty-five such vesting will accelerate so that such vested shares would be equal to what would have been vested if subject to the Company’s standard vesting schedule: • Ten percent (2510%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth then • Twenty percent (1/48th20%) of the Shares subject to this Agreement shall be released vest in twelve (12) equal installments on the corresponding day of each month thereafter on the same day of the month as the Vesting Commencement Date (and or if there is no corresponding dayday in any such month, on the last day of such month) over the month)period from the first anniversary of the Vesting Commencement Date to the second anniversary of the Vesting Commencement Date, then • Thirty percent (30%) of the Shares subject to this Agreement shall vest in twelve (12) equal installments on the corresponding day of each month (or if there is no corresponding day in any such month, on the last day of such month) over the period from the second anniversary of the Vesting Commencement Date to the third anniversary of the Vesting Commencement Date, then • Forty percent (40%) of the Shares subject to this Agreement shall vest in twelve (12) equal installments on the corresponding day of each month (or if there is no corresponding day in any such month, on the last day of such month) over the period from the third anniversary of the Vesting Commencement Date to the fourth anniversary of the Vesting Commencement Date, and All of the vesting, as described above, is subject to the Participant continuing to be a Service Provider Provider, which, for the sake of clarity includes, without limitation, serving as chief executive officer, chairman or any other position, through each such date.] date (the “Standard Schedule”). In addition, in the event of Participant’s termination by the Company for any reason other than Cause or if Participant leaves for Good Reason after a Change of Control, then 100% of the Shares subject to this Agreement shall become fully vested. Any of the Shares which have not yet been released from the Company’s Repurchase Option are referred to herein as “Unreleased Shares.” The Shares which have been released from the Company’s Repurchase Option shall be delivered to Participant at Participant’s request (see Section 11 of Part II of this Agreement). YOU MUST EXERCISE THIS RESTRICTED STOCK AWARD BEFORE THE EXPIRATION DATE OR IT WILL TERMINATE AND YOU WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Upland Software, Inc.)

NOTICE OF GRANT OF RESTRICTED STOCK. Name: XXXXX XXXXXXXX Address: XXX The undersigned Participant has been granted a right to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Agreement, as follows: Date of GrantXxxxx: August 7th, 2014 Vesting Commencement Date: August 7th, 2014 Purchase Price per Share: $ 0.01 Total Number of Shares Granted: 142,132 Total Purchase Price: $ 1,421.32 Expiration Date: [30 days after Date of Grant] Grant Vesting Schedule: Subject to any accelerated vesting provisions So long as the Purchaser’s continuous status as a Service Provider has not yet terminated in the Planeach such instance, [twenty-five percent (25%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option at the rate of 1/24th of the Shares each month starting on the one (1) year anniversary of first month after the Vesting Commencement Date, Date and one forty-eighth (1/48th) of the Shares subject to this Agreement shall be released continuing each month thereafter (on the same day of the each month as the Vesting Commencement Date (and if there is no corresponding dayDate), on until all Shares have been released from the last day Repurchase Option. Upon a “Change in Control,” 100% of the month), subject to Participant continuing to Shares shall immediately be a Service Provider through each such date.] released from the Repurchase Option. Any of the Shares which have not yet been released from the Company’s Repurchase Option are referred to herein as “Unreleased Shares.” The Shares which have been released from the Company’s Repurchase Option shall be delivered to Participant at Participant’s request (see Section 11 of Part II 0 of this Agreement). YOU MUST EXERCISE THIS RESTRICTED STOCK AWARD BEFORE THE EXPIRATION DATE OR IT WILL TERMINATE AND YOU WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Verrica Pharmaceuticals Inc.)

NOTICE OF GRANT OF RESTRICTED STOCK. Name: Xxxxxxx Xxxxxx Address: 0000 Xxx Xxxx Xx. Xxxxxx, Xxxxx 00000 The undersigned Participant has been granted a right to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Agreement, as follows: Date of Grant: September 2, 2014 Vesting Commencement Date: July 14, 2014 Purchase Price per Share: $ $1.43 Total Number of Shares Granted: 500,000 Total Purchase Price: $ Expiration Date: [30 days after Date of Grant] $715,000 Vesting Schedule: Subject to any accelerated vesting provisions in the Plan, [twenty-five ▪ Ten percent (2510%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth then ▪ Twenty percent (1/48th20%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option in twelve (12) equal installments on the corresponding day of each month thereafter on the same day of the month as the Vesting Commencement Date (and or if there is no corresponding dayday in any such month, on the last day of such month) over the month)period from the first anniversary of the Vesting Commencement Date to the second anniversary of the Vesting Commencement Date, then • Thirty percent (30%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option in twelve (12) equal installments on the corresponding day of each month (or if there is no corresponding day in any such month, on the last 7132767_1.DOCX day of such month) over the period from the second anniversary of the Vesting Commencement Date to the third anniversary of the Vesting Commencement Date, then • Forty percent (40%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option in twelve (12) equal installments on the corresponding day of each month (or if there is no corresponding day in any such month, on the last day of such month) over the period from the third anniversary of the Vesting Commencement Date to the fourth anniversary of the Vesting Commencement Date, and All of the vesting, as described above, is subject to the Participant continuing to be a Service Provider through each such date.] . In addition, notwithstanding the foregoing Vesting Schedule, in the event of a Change in Control (as defined in the Plan), the release of the Shares from the Company’s Repurchase Option Shares shall accelerate as to that number of Shares that would have been released from the Company’s Repurchase Option had Participant remained an employee for two (2) additional years, in accordance with the Vesting Schedule above. Any of the Shares which have not yet been released from the Company’s Repurchase Option are referred to herein as “Unreleased Shares.” The Shares which have been released from the Company’s Repurchase Option shall be delivered to Participant at Participant’s request (see Section 11 of Part II of this Agreement). YOU MUST EXERCISE THIS RESTRICTED STOCK AWARD BEFORE THE EXPIRATION DATE OR IT WILL TERMINATE AND YOU WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Upland Software, Inc.)

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NOTICE OF GRANT OF RESTRICTED STOCK. Name: X. Xxxxx Xxxxxx Address: The undersigned Participant has been granted a right to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Agreement, as follows: Date of Grant: September 2, 2014 Vesting Commencement Date: May 9, 2014 Purchase Price per Share: $ $1.43 Total Number of Shares Granted: 250,000 Total Purchase Price: $ Expiration Date: [30 days after Date of Grant] $357,500 Vesting Schedule: Subject to any accelerated vesting provisions in the Plan, [twenty-five Twenty percent (2520%) of the Shares subject to this Agreement shall be released from the Company’s Repurchase Option on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth then forty percent (1/48th40%) of the Shares subject to this Agreement shall be released vest in twelve (12) equal installments on the corresponding day of each month thereafter on the same day of the month as the Vesting Commencement Date (and or if there is no corresponding dayday in any such month, on the last day of such month) over the month)period from the first anniversary of the Vesting Commencement Date to the second anniversary of the Vesting Commencement Date, then forty percent (40%) of the Shares subject to this Agreement shall vest in twelve (12) equal installments on the corresponding day of each month (or if there is no corresponding day in any such month, on the last day of such month) over the period from the second anniversary of the Vesting Commencement Date to the third anniversary of the Vesting Commencement Date, and all of the vesting, as described above, is subject to the Participant continuing to be a Service Provider through each such date.] . Any of the Shares which have not yet been released from the Company’s Repurchase Option are referred to herein as “Unreleased Shares.” The Shares which have been released from the Company’s Repurchase Option shall be delivered to Participant at Participant’s request (see Section 11 of Part II of this Agreement). YOU MUST EXERCISE THIS RESTRICTED STOCK AWARD BEFORE THE EXPIRATION DATE OR IT WILL TERMINATE AND YOU WILL HAVE NO FURTHER RIGHT TO PURCHASE THE SHARES.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Upland Software, Inc.)

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