Common use of Partial Accelerated Vesting Clause in Contracts

Partial Accelerated Vesting. All equity awards from the Company then held by Employee shall partially accelerate, or if Employee is then holding unvested shares, Company's right to repurchase the then-unvested shares under each such equity award shall partially lapse, with respect to the number of shares under each such award that would have become vested or been released from such repurchase right under each respective equity award if Employee's employment with the Company had continued for an additional 12 months following Employee's effective termination date for reasons other than for Cause.

Appears in 2 contracts

Samples: Employment Agreement (Pc Tel Inc), Employment Agreement (Pc Tel Inc)

AutoNDA by SimpleDocs

Partial Accelerated Vesting. All equity awards (including but not limited to the Option and the Restricted Shares) from the Company then held by Employee Executive shall partially accelerate, or if Employee Executive is then holding unvested shares, the Company's right to repurchase the then-unvested shares under each such equity award shall partially lapse, with respect to the number of shares under each such award that would have become vested or been released from such repurchase right under each respective equity award if EmployeeExecutive's employment with the Company had continued for an additional 12 months following Employee's effective such termination date for reasons other than for Causedate.

Appears in 1 contract

Samples: Employment Agreement (Pc Tel Inc)

Partial Accelerated Vesting. All equity awards (including but not limited to the Options and the Restricted Shares) from the Company then held by Employee Executive shall partially accelerate, or if Employee Executive is then holding unvested shares, the Company's right to repurchase the then-unvested shares under each such equity award shall partially lapse, with respect to the number of shares under each such award that would have become vested or been released from such repurchase right under each respective equity award if EmployeeExecutive's employment with the Company had continued for an additional 12 twelve (12) months following Employee's effective such termination date for reasons other than for Causedate.

Appears in 1 contract

Samples: Employment Agreement (Pc Tel Inc)

Partial Accelerated Vesting. All equity awards from the Company then held by Employee Executive shall partially accelerate, or if Employee Executive is then holding unvested shares, Company's ’s right to repurchase the then-unvested shares under each such equity award shall partially lapse, with respect to the number of shares under each such award that would have become vested or been released from such repurchase right under each respective equity award if Employee's Executive’s employment with the Company had continued for an additional 12 months following Employee's Executive’s effective termination date for reasons other than for Cause.

Appears in 1 contract

Samples: Employment Agreement (Smith Micro Software Inc)

AutoNDA by SimpleDocs

Partial Accelerated Vesting. All equity awards (including but not limited to the Option Shares and the Restricted Shares) from the Company then held by Employee shall partially accelerate, or if Employee is then holding unvested shares, Company's right to repurchase the then-unvested shares under each such equity award shall partially lapse, with respect to the number of shares under each such award that would have become vested or been released from such repurchase right under each respective equity award if Employee's employment with the Company had continued for an additional 12 months following Employee's effective termination date for reasons other than for Cause.

Appears in 1 contract

Samples: Employment Agreement (Pc Tel Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.