Common use of Restricted Stock Accelerated Vesting Clause in Contracts

Restricted Stock Accelerated Vesting. Employee's unvested shares granted under the Company's Executive Stock Plan (or any similar successor plan) shall vest (i.e., be released from the Company's repurchase option) as to that percentage of the unvested shares determined by dividing (i) the number of months that have elapsed from the restricted stock grant date to the date of employment termination, by (ii) the number of months between the grant date and the date when all shares would otherwise have vested based on Employee's continued employment with the Company.

Appears in 5 contracts

Samples: Management Retention Agreement (Seagate Technology Holdings), Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands), Management Retention Agreement (Seagate Technology Inc)

AutoNDA by SimpleDocs

Restricted Stock Accelerated Vesting. Employee's ------------------------------------ unvested shares granted under the Company's Executive Stock Plan (or any similar successor plan) shall vest (i.e., be released from the Company's repurchase option) as to that percentage of the unvested shares determined by dividing (i) the number of months that have elapsed from the restricted stock grant date to the date of employment termination, by (ii) the number of months between the grant date and the date when all shares would otherwise have vested based on Employee's continued employment with the Company.

Appears in 1 contract

Samples: Management Retention Agreement (Seagate Technology Holdings)

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