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. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 4 contracts
Samples: Investor Rights Agreement, Voting Agreement, Right of First Refusal and Co Sale Agreement (Sonim Technologies Inc), Investor Rights Agreement, Voting Agreement, Right of First Refusal and Co Sale Agreement (Sonim Technologies Inc), Investor Rights Agreement (Codexis Inc)
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 's services commencement date with the company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 4 contracts
Samples: Investor Rights Agreement (Turbolinux Inc), Investor Rights Agreement (Mercata Inc), Series B Preferred Stock Purchase Agreement (Mercata Inc)
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 consultants, and other service providers shall be subject to vesting as follows: (a) twenty-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 's services commencement date with the company, Company and (b) seventy-seventy five percent (75%) of such stock shall vest no more rapidly than monthly over the remaining next three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 3 contracts
Samples: Investor Rights Agreement (Noosh Inc), Investor Rights Agreement (Noosh Inc), Investor Rights Agreement (Noosh Inc)
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, all stock options and other stock equivalents issued by the Company 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 either the date of issuance or such person’s services commencement date with the companyCompany, and (b) seventy-five percent (75%) % of such stock shall vest monthly over the remaining three (3) years. With respect If employees are permitted to any shares of early exercise unvested options or are granted restricted stock purchased awards, unless otherwise approved by any such personthe Board, the Company’s repurchase option shall provide that upon such person’s termination of the employment or service with of the Companystockholder, with or without cause, the Company or its assignee (to the extent permissible under any applicable securities law qualification) shall have retain the option to purchase repurchase at cost (or the lesser of cost or fair market value) any unvested shares of stock held by such personstockholder.
Appears in 2 contracts
Samples: Investor Rights Agreement (Flexion Therapeutics Inc), Investor Rights Agreement (Flexion Therapeutics Inc)
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 monthly over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 2 contracts
Samples: Investor Rights Agreement (Veraz Networks, Inc.), Investor Rights Agreement (Veraz Networks, Inc.)
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, 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 over a four (4) year period as follows: (ai) twenty-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 the date such person’s services commencement date commence with the companyCompany, as applicable, and (bii) seventy-seventy five percent (75%) of such stock shall vest in equal monthly increments for each full month of employment thereafter over the remaining next three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with 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 no more than cost any unvested shares of stock held by such person.
Appears in 2 contracts
Samples: Investor Rights Agreement (Xactly Corp), Investor Rights Agreement (Xactly Corp)
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, 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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 2 contracts
Samples: Investor Rights Agreement (Applied Genetic Technologies Corp), Investor Rights Agreement (Applied Genetic Technologies Corp)
Stock Vesting. Unless otherwise approved by the Board of DirectorsDirectors (including at least one Preferred Director), 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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest quarterly over the remaining three (3) years. With respect If employees are permitted to any shares purchase (by exercise of stock purchased by any such personan option or otherwise) unvested shares, the Company’s Company shall have the right to repurchase such unvested shares, and the repurchase option shall provide that upon such person’s termination of employment or service with the Companyby such employee, with or without cause, the Company or its assignee shall have (to the extent permissible under applicable securities law qualification) retains the option to purchase repurchase at cost any unvested shares of stock held by such personholder.
Appears in 2 contracts
Samples: Investor Rights Agreement (LendingClub Corp), Investor Rights Agreement (LendingClub Corp)
Stock Vesting. Unless otherwise approved by the Board of DirectorsDirectors or the compensation committee thereof, (i) 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: in equal quarterly installments over four (a4) twenty-five percent years, and (ii) for new hires, the first 25%) of such stock shall vest at the end % of the first shares subject to option will vest no earlier than the one-year anniversary following the earlier of such person’s full-time service commencement date or if later, 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) yearsgrant. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 2 contracts
Samples: Investor Rights Agreement (Channeladvisor Corp), Investor Rights Agreement (Channeladvisor Corp)
Stock Vesting. Unless otherwise approved by the Board of DirectorsDirectors (including the directors elected by the holders of Series B Stock, Series C Stock, Series D Stock, Series E Stock, Series F Stock, Series G Stock and Series I Stock), 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 (i) 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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, ; and (ii) a one hundred eighty (180) day lockup period in connection with the Company’s repurchase option initial registered public offering of Equity Securities. The Company shall provide that upon such person’s termination retain a right of employment or service with first refusal on transfers until the Company, with or without cause, ’s Initial Offering and the Company or its assignee shall have the option right to purchase at cost any repurchase unvested shares of stock held by such personat cost.
Appears in 2 contracts
Samples: Investor Rights Agreement (1Life Healthcare Inc), Investor Rights Agreement (1Life Healthcare Inc)
Stock Vesting. Unless otherwise unanimously approved by the Board of DirectorsBoard, 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. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 2 contracts
Samples: Investors' Rights Agreement, Investors’ Rights Agreement (TNAV Holdings, Inc.)
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, all stock options and other stock equivalents issued after the date of this Agreement to employees, officers, 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 date of issuance or, with respect to a person’s initial grant, the date of issuance or such person’s services commencement date with the companyCompany, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) yearsnext thirty-six months. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board of DirectorsDirectors of the Company or its Compensation Committee, all stock, stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants officers and other service providers employees 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, Company and (b) seventy-five percent (75%) of such stock shall vest in equal monthly installments over the remaining three (3) years. With respect to any shares of stock purchased by any such personperson still subject to vesting, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares share of stock held by such person.
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Stock Vesting. Unless otherwise approved by the Board of Directors, all 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 over a four-year period 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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest in equal monthly installments over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Samples: Investor Rights Agreement
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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
Samples: Investors’ Rights Agreement (Magma Design Automation Inc)
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, 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. With respect Such options and other stock equivalents shall be subject to any shares a repurchase option in favor of stock purchased by any such person, the Company’s repurchase option , which shall provide that upon such person’s termination of the employment of the recipient of such stock option or service with the Companyother stock equivalent, with or without cause, the Company (or its an assignee of the Company, to the extent permissible under applicable securities laws), shall have retain the option to purchase repurchase at cost any unvested shares of stock held by such personrecipient.
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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) not more than 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 's services commencement date with the companyCompany, and (b) seventy-five percent (75%) the balance thereof shall vest at a monthly rate of not more than 1/48th of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board of DirectorsDirectors of the Company, 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. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this .this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (ai) 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 's services commencement date with the companyCompany, and (bii) seventy-five percent (75%) of such stock shall vest monthly in equal installments over the remaining three thirty-six (336) yearsmonths. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
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, 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, Corporation and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the CompanyCorporation’s repurchase option shall provide that upon such person’s termination of employment or service with the CompanyCorporation, with or without cause, the Company Corporation 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 share of stock held by such person.
Appears in 1 contract
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 's services commencement date with the companyCompany, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
Samples: Investors' Rights Agreement (Magma Design Automation Inc)
Stock Vesting. Unless otherwise approved by the Board of Directors, all stock options options, restricted stock 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: (ai) 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 's services commencement date with the company, and (bii) seventyone-five percent forty-eighth (75%1/48) of such stock shall vest each month thereafter over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board Compensation Committee of Directorsthe Board, 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 's services commencement date with the company, Company and (b) seventy-five percent (75%) of such stock shall vest in equal monthly installments over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest pro rata on a monthly basis over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
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 ratably over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board of Directors------------- Directors of the Company, 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 's services commencement date with the company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
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Stock Vesting. Unless otherwise approved by the Board (including the affirmative vote of Directorsthe Preferred Stock Designees), all restricted stock, 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 twenty percent (2520%) 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 eighty percent (7580%) of such stock shall vest in equal annual installments over the remaining three four (34) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, all stock options and other stock equivalents issued after the date of this Agreement Date 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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Samples: Investor Rights Agreement (Five Prime Therapeutics Inc)
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 one quarter (25%1/4) of such stock shall vest at the end of the first year of continuous service to the Company following the earlier of the date of issuance or such person’s services commencement date with the companyCompany, and (b) seventyone forty-five percent eighth (75%1/48) of such stock shall vest over the remaining three (3) yearsmonthly for each month of continuous service thereafter. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
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 either the date of issuance or the date of 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. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Samples: Investor Rights Agreement (Threshold Pharmaceuticals Inc)
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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest pro rata on a monthly basis over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Samples: Investor Rights Agreement
Stock Vesting. (a) Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after prior to the date hereof to employees, directors, consultants and other service providers shall retain their existing vesting terms.
(b) Unless otherwise approved by the Board of this Agreement Directors, all stock options and other stock equivalents issued to employees, directors, consultants and other service providers shall be subject to vesting as follows: (ai) 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 companyissue, and (b) seventy-five percent (75%) of such stock shall vest 2.0833% per month thereafter over the remaining next three (3) years. With respect to any shares of stock purchased by any such person, the Company’s 's repurchase option shall provide that upon such person’s 's termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
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 monthly thereafter over the remaining three (3) yearsyears at a rate of 1/48th per month. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with 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 of stock held by such person.
Appears in 1 contract
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 companyCompany, and (b) seventy-five percent (75%) 1/36th of such stock the remaining number of shares shall vest monthly thereafter over the remaining following three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Stock Vesting. Unless otherwise approved by the Board of DirectorsBoard, 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. With respect Such options and other stock equivalents shall be subject to any shares a repurchase option in favor of stock purchased by any such person, the Company’s repurchase option , which shall provide that upon such person’s termination of the employment of the recipient of such stock option or service with the Companyother stock equivalent, with or without cause, the Company (or its an assignee of the Company, to the extent permissible under applicable securities laws), shall have retain the option to purchase repurchase at cost any unvested shares of stock held by such personrecipient.
Appears in 1 contract
Samples: Investor Rights Agreement
Stock Vesting. Unless otherwise approved by the Board of Directors, all 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 over a four-year period 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 companyCompany, and (b) seventy-five percent (75%) of such stock shall vest in equal monthly installments over the remaining three (3) years. With respect to any shares of stock purchased by any such person, the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee shall have the option to purchase at cost any unvested shares of stock held by such person.
Appears in 1 contract
Samples: Investor Rights Agreement (Mevion Medical Systems, Inc.)