Share Vesting. Unless otherwise approved by the Board, all share options and other share equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) 25% of such shares 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) 75% of such shares shall vest monthly over the remaining 3 years. Shares held by and other equity grants made to Key Holders who are the founders of the Company may be subject to single trigger acceleration upon a change of control. All share grants to employees and other service providers shall be subject to double trigger acceleration upon a change of control.
Share Vesting. Unless otherwise approved by the Board of Directors, all share options and other share 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 shares shall vest at the end of the first year following the earlier of the date of issuance or the commencement date of such person’s service with the Company; and (b) seventy-five percent (75%) of such shares shall vest in equal installments over the following three (3) years. With respect to any unvested shares purchased by such person, the Company’s repurchase option shall provide that upon such person’s termination of employment with, or service to, the Company, with or without cause, the Company or its assignee (to the extent permissible under applicable securities laws and other laws) shall have the option to purchase at cost any unvested shares held by such person.
Share Vesting. No Restricted Stock that is not vested at a Holder’s Termination of Service shall thereafter become vested, except as may be otherwise provided by the Administrator either in the Award Agreement or by action of the Administrator following the grant of the Restricted Stock.
Share Vesting. Shares are subject to Shareholder’s continued Service through the vesting date herein (except in the event of Shareholder’s death as provided below), 100% of the number of Shares shall become vested Shares on each month annually on the Fund’s statement of work and Financial Statements as following: • Cliff Vesting All vested share shall be matched as earned income or credit as EIC defined by IRS as balance sheet credit hours. The number of credit hours per work performed shall be multiplied by the value of the grade received. On these conditions, share become 100% vested at single graded point; on conditions of tangible asset as proof of work and concept. Before that, shares are completely unvested. On the event of cliff vesting the longest that time period can be is 3 years of work for the Fund. Once the Shareholder have vested performance in the Fund for three years then all unvested shares are 100% vested. • Graded Vesting All vested shares shall be graded and match as earned credit and becomes vested each year; on condition of fair market value appraisal and impairment
Share Vesting. The grant, issuance, retention and/or vesting of Shares under Restricted Stock or Restricted Stock Unit Awards shall be at such time and in such installments as determined by the Administrator or under criteria established by the Administrator. The Administrator shall have the right to make the timing of the grant and/or the issuance, ability to retain and/or vesting of Shares under Restricted Stock or Restricted Stock Unit Awards subject to continued employment, passage of time and/or such performance criteria and level of achievement versus these criteria as deemed appropriate by the Administrator, which criteria may be based on financial performance and/or personal performance evaluations. Notwithstanding anything to the contrary herein, the performance criteria for any Restricted Stock or Restricted Stock Unit that is intended to satisfy the requirements for “performance-based compensation” under Section 162(m) of the Code shall be a measure based on one or more Qualifying Performance Criteria selected by the Administrator and specified at the time the Restricted Stock or Restricted Stock Unit Award is granted.
Share Vesting. Unless otherwise approved by the Board of Directors, including the Series A1 Designee and at least one of the Series A2 Designees (if, and only to the extent, each such designee is a director of the Company at the applicable time), all stock options, awards 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 shares 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) the remaining seventy-five percent (75%) of such shares shall vest ratably on an annual basis over the remaining three (3) years.
Share Vesting. 2.1 The granting of 18,086,101 Pool Shares to the Employees shall be subject to a four-year vesting schedule commencing from November 7, 2006 or the date on which Employee is employed by any Group Company, whichever is the later, except that for any Employee who commenced his or her employment/service with the Group Companies on or before January 1, 2006, the aforesaid vesting schedule shall commence from January 1, 2005. The remaining 3,517,544 Pool Shares shall be granted to the Employees transferred to the Group as a result of the acquisitions or mergers by the Company of such third parties as approved by the Board of Directors of the Company including the approval of at least one Series A Director and one Series B Director.
