Terms and Vesting Sample Clauses

Terms and Vesting. Subject to the provisions of this Agreement, including but not limited to paragraph 6 hereof, and the Plan, this option may by exercised in blocks of 100 shares or any multiple thereof after the date of the Agreement and prior to 5:00 p.m., on June 10, 2006, (the "Expiration Date") but not thereafter, in accordance with the following: (a) immediately on June 10, 1997, this option may be exercised for up to 8,000 shares of the total Common Shares covered hereby; and (b) immediately on June 10, of each of the four succeeding years, this option may be exercised on each of those dates for up to an additional 8,000 shares of the total Common Shares covered hereby; so that on and after June 10, 2001, and continuing until the Expiration Date this option may be exercised for up to 100% of the total Common Shares included in this option; provided, however that notwithstanding the provisions of 1(a) or 1(b) hereof, but subject to the further provisions of this Agreement, if prior to June 10, 2001, Optionee's employment with the Company is terminated by the company without cause under the terms of the Employment Agreement between the Company and the Optionee, dated as of June 10, 1996, and a Change in Control as defined in the Plan has not occurred thertofore, this Option may be exercised for (1) up to an additional 3,000 share of the total Common Shares covered hereby (or in the event such termination should occur prior to the first anniversary date of this Agreement and a Change in Control has not theretofor occurred, 3,000 shares of the total Common Shares covered hereby), effective on the date of such termination.
Sample 1
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Terms and Vesting. Each award of Future RSUs will be granted under the 2014 Plan and will be subject to the terms and conditions of the 2014 Plan and the applicable award agreement evidencing such award. With respect to a Transaction that is a Financing, such award agreement shall be in substantially the form attached hereto as Exhibit A (the “RSU Agreement—Financing”). With respect to a Transaction that is a Liquidity Event, such award agreement shall be in substantially the form attached hereto as Exhibit B (the “RSU Agreement—Liquidity Event”).
Sample 1
Terms and Vesting. The Liquidity Event Bonus will be granted under the 2014 Plan and will be subject to the terms and conditions of the 2014 Plan and an award agreement in substantially the form of the RSU Agreement—Liquidity Event, which provides that the Liquidity Event Bonus will be vested at the time of grant.
Sample 1
Terms and Vesting. Each award of Post-Offering RSUs will be granted under the Company’s then-current equity incentive plan and will be subject to the terms and conditions of such equity plan and the applicable award agreement evidencing such award. Each award of Post-Offering RSUs will vest in twelve (12) substantially equal quarterly installments following the applicable grant date, subject to Founder’s continuous employment with the Company through the applicable vesting date.
Sample 1

Related to Terms and Vesting

  • Vesting Provisions Subject to the provisions of paragraph 3 below, the option shall vest 33⅓% on each of July 31, 2020, July 31, 2021 and July 31, 2022, except as follows:

  • Vesting Generally LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on Transfer pursuant to the terms of an award, vesting or other similar agreement (a “Vesting Agreement”). The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Plan, if applicable. LTIP Units that were fully vested when issued or that have vested and are no longer subject to forfeiture under the terms of a Vesting Agreement are referred to as “Vested LTIP Units”; all other LTIP Units shall be treated as “Unvested LTIP Units.”

  • Terms and Conditions of Employment The term “terms and conditions of employment” means the hours of employment, the compensation therefore including fringe benefits except retirement contributions or benefits, and the Board of Education’s personnel policies affecting the working conditions of the employees. The term is subject to the provisions of Section 179A of PELRA, as amended, regarding the rights of public employers and the scope of negotiations.

  • Terms and Conditions of Award The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions:

  • Terms of Grant The Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, [ ( )] shares of the Company’s Common Stock (such shares, subject to adjustment pursuant to Section 24 of the Plan and Subsection 2.1(h) hereof, the “Granted Shares”) at a per share purchase price of $0.001 (the “Purchase Price”), receipt of which is hereby acknowledged by the Company [by the Participant’s prior service to the Company and which amount will be reported as income on the Participant’s W-2 [or 1099] for this calendar year].

  • Governing Terms and Conditions If there is an irreconcilable conflict between the terms and conditions set forth in this Contract or any Contract Amendment and the terms and conditions set forth in any Exhibit, Appendix, Work Authorization or Supplemental Work Authorization to this Contract, the terms and conditions set forth in this Contract or any Contract Amendment shall control over the terms and conditions set forth in any Exhibit, Appendix, Work Authorization or Supplemental Work Authorization to this Contract.

  • Additional Terms and Conditions of Award NONTRANSFERABILITY OF SHARES. Prior to the date on which Shares subject to this Award vest pursuant to Section 3 hereof, such Shares may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Any such attempted sale, transfer, assignment, pledge, hypothecation or encumbrance, or other disposition of such Shares shall be null and void.

  • Other Terms and Conditions of Employment Where an assessment has been made, the applicable percentage shall apply to the wage rate only. Employees covered by the provisions of the clause will be entitled to the same terms and conditions of employment as all other employees covered by this Agreement paid on a pro-rata basis.

  • Vesting Schedule Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

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