Reverse Vesting Sample Clauses

Reverse Vesting. The Committee in its sole discretion may allow a Participant to exercise unvested Options, in which case the Shares then issued shall be Restricted Shares having analogous vesting restrictions to the unvested Options.
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
Reverse Vesting. Restricted Shares purchased under this Section 6(c) prior to the Option becoming exercisable shall "vest" according to the same schedule (i.e., on the same dates and in the same amounts) as such shares would have become purchasable upon exercise of the Option had the exercise schedule not been accelerated in accordance with this Section 6(c). In addition, Restricted Shares shall be subject to accelerated "vesting" as set forth in Section 6(a), Section 6(b)(ii), and Section 6(b)(iii) if applicable, to the same extent as the exercisability of such shares would have been accelerated had the exercise schedule not been previously accelerated in accordance with this Section 6(c). Restricted Shares that are not vested shall be subject to repurchase by the Company under Sections 6(c)(ii) and 6(c)(iii) below. As Restricted Shares become vested they shall no longer be subject to repurchase by the Company.
Sample 1Sample 2
Reverse Vesting. Restricted Shares purchased under this subsection 6(c) prior to the Option becoming exercisable shall "vest" according to the same schedule (i.e., on the same dates and in the same amounts) as such shares would have become purchasable upon exercise the Option had the exercise schedule not been accelerated in accordance with this subsection. Restricted Shares that are not vested shall be subject to repurchase by the Company under clauses 6(c)(ii) and 6(c)(iii) below. As Restricted Shares become vested they shall no longer be subject to repurchase by the Company.
Sample 1Sample 2
Reverse Vesting. Pursuant to the Founder Restricted Stock Purchase Agreements, each of the Maven Stockholder also reverses vests over a 36 month period, commencing as of August 1, 2016. Any shares of ISS then acquired by the Surviving Corporation under the Founder Restricted Stock Purchase Agreements shall be added to the Milestone Escrow Shares.
Sample 1
Reverse Vesting. Xxxx, Xxxxx and Xxxx each agree with the other Shareholders and with the Company that if he ceases to be a full-time employee of the Company for any reason whatsoever then the Pooled Securities registered in their names will be subject to re-purchase by the Company at the price of $0.01 per share in accordance with the procedure set out in Schedule B. In the event that there is a change of control of the Company as defined in the Income Tax Act of Canada, then the terms of this Reverse Vesting provision will have no further effect and the Company will have no further ability to repurchase any of the shares held by any of the Shareholders.
Sample 1
Reverse Vesting. If the Company does not have a reverse vesting schedule in place for the Founder[s] it shall put one in place on or around the completion to the Financing Round. Such reverse vesting schedule shall be: 25% of the shares held by [the]/[each] Founder to vest on the one-year anniversary of the signing of this agreement and the remaining shares held by [the]/[each] Founder to vest in equal monthly installments over the next 2 years (the “Vesting Schedule”). If the Company already has a vesting schedule in place for the Founder[s] that is materially different from the Vesting Schedule it shall amend such vesting schedule to be in line with the Vesting Schedule. By countersignature to this agreement, [the]/[each] Founder acknowledges and agrees to the Vesting Schedule applying to his shareholding.
Sample 1
Reverse Vesting. If The Company does not have a reverse vesting schedule in place for the founding team it shall put one in place on or around the signing of this agreement. Such reverse vesting schedule shall be: 25% of the shares held by each founder to vest on the one-year anniversary of the signing of this Note and the remaining shares held by each founder to vest in equal installments over the next 2 years (the “Vesting Schedule”). If the Company already has a vesting schedule in place for the founder(s) that is materially different from the Vesting Schedule it shall amend such vesting schedule to be in line with the Vesting Schedule.
Sample 1
AutoNDA by SimpleDocs

Related to Reverse Vesting

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider on the applicable vesting date.

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.

  • Restricted Period; Vesting 3.1. Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, and further provided that any additional conditions and performance goals set forth in Schedule I have been satisfied, the Restricted Stock will vest in accordance with the following schedule: Vesting Date Shares of Common Stock [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] [VESTING DATE] [NUMBER OR PERCENTAGE OF SHARES THAT VEST ON THE VESTING DATE] The period over which the Restricted Stock vests is referred to as the “Restricted Period”.

  • Restrictions; Vesting Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to Restricted Stock Units shall vest, if at all, as follows:

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Option Vesting Options shall vest as follows:

  • Exercise Period Vesting Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "DATE OF GRANT") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 11 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested as follows: PERCENTAGE OF VESTING DATE VESTED SHARES ------------ ------------- % % %

  • Service Vesting Except as otherwise provided in this Section 3, the Restricted Shares will be forfeited as to the unvested portion of the Award if the Participant does not remain continuously in the employment of the Company through the specified lapsing dates set forth in Section 2 above.

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