Vested and Unvested Shares. Shares that are vested pursuant to the schedule set forth in Section 2.1 are “Vested Shares.” Shares that are not vested pursuant to the schedule set forth in Section 2.1 are “Unvested Shares.”
Vested and Unvested Shares. The term “Vested Shares” means Shares owned by the Employees which are vested pursuant to Sections 9.1.1, 9.1.2, 9.1.3 and 9.1.4. The term “Unvested Shares” means Shares owned by the Employees which are not Vested Shares.
Vested and Unvested Shares. Shares that have been released from the Company's Repurchase Right are referred to herein as "Vested Shares". Any Shares that remain subject to the Company's Repurchase Right at any point in time are referred to herein as "Unvested Shares". Unvested Shares shall not be transferable. Any Shares with respect to which the Company fails to exercise its Repurchase Right shall become Vested Shares upon the expiration of such rights.
Vested and Unvested Shares. As the Shares vest pursuant to the terms of this Agreement, they are referred to herein as “Vested Shares” and, if they have not vested, they are referred to herein as “Unvested Shares.” All of the Shares shall initially be Unvested Shares.
Vested and Unvested Shares. Shares that are vested pursuant to the schedule set forth in this Section 5.2 are “Vested Shares.” Shares that are not vested pursuant to such schedule are “Unvested Shares.” On the Effective Date, [See eShares] of the Shares will be Unvested Shares. Provided Purchaser continues to provide services to the Company or any Subsidiary or Parent of the Company at all times from the Effective Date until each such date, the Unvested Shares will become Vested Shares according to the following schedule: [See eShares], until the earliest to occur of (a) the date all of the Shares are Vested Shares, (b) the Termination Date or (c) the date vesting otherwise terminates pursuant to this Agreement or the Plan. No fractional Shares shall be issued. No Shares will become Vested Shares after the Termination Date. The number of the Shares that are Vested Shares or Unvested Shares will be proportionally adjusted to reflect any stock split, reverse stock split or similar change in the capital structure of the Company as set forth in Section 2.2 of the Plan occurring after the Effective Date.
Vested and Unvested Shares. The parties agree that the Restricted Stock shall be deemed "Vested" and "Unvested" as follows:
2.1 As of the Effective Date of this Amended and Restated Agreement, 718,750 shares of the Restricted Stock shall be deemed "Vested" and 181,250 shares of Restricted shall be deemed "Unvested."
2.2 Except as otherwise provided herein, the Unvested Restricted Stock shall become Vested as follows: 93,750 shares shall vest on July 15, 1999 and 87,500 shares shall vest on January 15, 2000.
Vested and Unvested Shares. The parties agree that the Shares shall be deemed "Vested" and "Unvested" as follows:
Vested and Unvested Shares. The Restricted Shares of each Founder as of any date, less any of the same which, as of such date, shall have become vested with respect to such Founder as provided in Sections 1.03 and 1.04 below, are hereinafter referred to as of such date as "Unvested Shares", and any Restricted Shares which, as of any date, shall have become vested with respect to such Founder as provided in Sections 1.03 and 1.04 below, are hereinafter collectively referred to as of such date as "Vested Shares". The Unvested Shares held by any Founder from time to time shall be subject to the repurchase rights of the Company as set forth in Section 1.05 below. All Shares purchased by the Founders pursuant to the Securities Purchase Agreement dated December 19, 1995 between the Company, the Founders, and the Purchasers and, unless otherwise specifically noted on such certificates and by an amendment hereto, all shares hereafter purchased by the Founders, shall be considered Vested Shares not subject to the provisions of this Agreement.
Vested and Unvested Shares. The percentage of the Shares that are considered "Vested Shares" shall be determined as follows: If Purchaser has been continuously engaged by the Company from _____________, 1997, Then the Percentage of (the "Start Date") until the Shares that the Termination Date For: are Vested Shares is: ------------------------ -------------------- Less than 6 months None 6 months or more 40% plus 5% for each additional full month that the Purchaser has been continuously em- ployed by the Company after 6 months after the Start Date 18 months or more 100% Shares that are not Vested Shares are "Unvested Shares". Unvested Shares may not be sold or otherwise transferred by Purchaser without the Company's prior written consent.
Vested and Unvested Shares. The percentage of the Shares that are considered "Vested Shares" shall be 25% of the Shares on March 23, 1990 provided Purchaser remains continuously employed by the Company until that date, with an additional 2.0833% of the Shares vesting for each additional month that the Purchaser remains continously employed thereafter with the Company until all of the Shares are vested. Shares that are not Vested Shares are "Unvested Shares". Unvested Shares may not be sold or otherwise transferred by Purchaser without the Company's prior written consent.
