Service Grant Clause Samples

A Service Grant clause defines the rights and permissions granted by one party to another to use specific services. Typically, this clause outlines the scope of the services provided, any limitations or conditions on their use, and the duration for which the services are available. For example, it may specify that a client is permitted to access a software platform for a set period under certain usage restrictions. The core function of this clause is to clearly establish the boundaries and terms of service usage, thereby preventing misunderstandings and ensuring both parties are aware of their rights and obligations.
Service Grant. Provider hereby grants Subscriber the non- exclusive, non-transferable right to use API and Services to the extent the applicable subscription fees according to Section 6 have been paid.
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Service Grant. Company shall award Executive 5,000 shares of Company common stock as soon as practicable after Executive completes three continuous and uninterrupted years of service to Company. These shares shall be awarded to Executive's estate in the event of Executive's death while in Company's employment before the scheduled award date.
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Service Grant. Customer may use the Subscription Services solely for the Customer’s internal business use in accordance with the Service Description and, for avoidance of doubt, not for further sublicense or resale. Customer’s rights to use the Subscription Services are limited to those expressly granted in Schedule C (Master Cloud Terms).
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Service Grant. Superannuation contributions are to be made whilst a Doctor is receiving Accident or Workers’ Compensation payments, provided that the Doctor is receiving payments under clause 42 (WorkCover Make-up Pay).
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Service Grant. If you receive access to NVIDIA Models as part of an NVIDIA service, subject to the terms of this Agreement, you may access and use such NVIDIA Models with the service.
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Service Grant. 4.1. Subject to the terms and conditions of this Agreement, including timely payment of the applicable fees, ▇▇▇▇▇▇.▇▇ grants You a limited, nonexclusive, non-transferable license, without the right to sublicense, to access the Platform to use the Services and/or post your profile, interact with other Users and participate in discussions, solely for Your personal use.
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Service Grant 
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Related to Service Grant

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. ​ You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith. ​

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Award Date <Award Date>

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.