Common use of Time-Vesting Requirements Clause in Contracts

Time-Vesting Requirements. Subject to Executive’s continuous employment with the Company through the applicable vesting date, one-third of the RSUs shall vest on December 13, 2022; one-third of the RSUs shall vest on December 13, 2023; and one-third of the RSUs shall vest on December 13, 2024. Executive shall forfeit, and have no rights with respect to, any portion of the RSUs that has not vested prior to the date Executive’s employment with the Company ends.

Time-Vesting Requirements. Subject to Executive’s continuous employment with the Company through the applicable vesting date, one-third of the RSUs shall vest on December 13, 2022the Effective Date; one-third of the RSUs shall vest on December 13January 3, 20232021; and one-third of the RSUs shall vest on December 1331, 20242022. Except as otherwise provided in Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the RSUs that has not vested prior to the date Executive’s employment with the Company ends.

Time-Vesting Requirements. Subject to Executive’s continuous employment with the Company through the applicable vesting date, one-third of the 40,000 RSUs shall vest on December 13, 2022the date of grant; one-third of the 20,000 RSUs shall vest on December 13January 1, 20232021; and one-third of the 15,000 RSUs shall vest on December 13January 1, 20242022. Except as otherwise provided in Xxx X. Xxxxxxxx Employment Agreement Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the RSUs that has not vested prior to the date Executive’s employment with the Company ends.