Vesting of Warrant Shares. One hundred percent (100%) of the Warrant Shares shall vest upon the occurrence of the Closing (including payment of the Purchase Price in full), as such terms are defined in the Securities Purchase Agreement dated on or about [ ] [ ], 201[ ] by and among the Company and the purchaser named therein.
Vesting of Warrant Shares. This Warrant shall vest and become exercisable (during the Exercise Period (as defined below), unless earlier terminated or voided) with respect to (i) 166,666 Warrant Shares on July 25, 2017, (ii) an additional 166,666 Warrant Shares on July 25, 2018, and (iii) an additional 166,667 Warrant Shares on July 25, 2019(each of (i) through (iii), a “Vesting Date”), subject to, as of each such Vesting Date, (A) the Company’s reasonable satisfaction with the continued performance by the Facility (as defined in the Facility Participation Agreement) of its obligations under the Facility Participation Agreement, (B) the absence of any claims by the Company against the Facility and/or its affiliates and (C) the Facility Participation Agreement continuing to be in full force and effect at all times through such Vesting Date. If, on any such Vesting Date, any of the aforementioned conditions are not fulfilled, then the Warrant shall not become exercisable with respect to the Warrant Shares for which the Warrant would otherwise become exercisable on such Vesting Date, and the Warrant shall be deemed cancelled and void with respect to such Warrant Shares. Notwithstanding the foregoing, if prior to July 25, 2019, (a) the Company consummates a Corporate Transaction, or has the registration statement for its Initial Public Offering declared effective by the United States Securities and Exchange Commission, and (b) as of the date of such consummation or effectiveness, as applicable (the “Transaction Date”), (i) the Company is reasonably satisfied with the continued performance by the Facility (as defined in the Facility Participation Agreement) of its obligations under the Facility Participation Agreement, (ii) there are then no any claims by the Facility outstanding against the Company and/or its affiliates and (iii) the Facility Participation Agreement shall have continued to be in full force and effect at all times through such Transaction Date, then this Warrant shall immediately become fully vested and exercisable with respect to all Warrant Shares in respect of which this Warrant has not then been deemed cancelled or void pursuant to the preceding paragraph.
Vesting of Warrant Shares. The Warrant Shares subject to this Warrant shall vest and become exercisable in cumulative installments of 1/24th of the Warrant Shares on the last day of each successive month beginning September 30, 2014 during the term of the Consulting Agreement. Notwithstanding the foregoing, 50% of the Warrant Shares shall become fully vested and exercisable if the Company terminates the Consulting Agreement for any reason other than “for cause” (as defined in the Consulting Agreement) before September 8, 2015 and the remaining 50% of the warrants shall become fully vested and exercisable if the Company terminates the Consulting Agreement for any reason other than “for cause” after September 8, 2015 upon the extension of the agreement. In addition, the Warrant granted hereby shall vest and become exercisable as to all of the Warrant Shares upon a Change of Control during the term of the Consulting Agreement.
Vesting of Warrant Shares. The Warrant Shares subject to this Warrant shall vest in equal installments of 1/24th of the Warrant Shares on the last day of each successive month during the term of the Consulting Agreement beginning May 31, 2016 and ending April 30, 2018; provided however, that all unvested Warrant Shares shall vest immediately upon a Change of Control. For purposes of this Warrant, the term “Change of Control” means the occurrence of any of the following events (which shall be interpreted, if applicable, in a manner, and limited to the extent necessary, so that it will not cause adverse tax consequences under Section 409A):
Vesting of Warrant Shares. Warrant Shares (as defined below) that have vested may be acquired in accordance with the terms of this Warrant until the Termination Date (as defined below). The time at which the Warrant Shares vest and the Warrantholder may thereafter exercise this Warrant with respect to such Warrant Shares (each, a "Vesting Date") shall be as follows: January 2, 2008 233,333 January 2, 2009 233,333 January 2, 2010 233,334 Total 700,000
Vesting of Warrant Shares. The Warrant Shares granted hereunder shall vest and become exercisable immediately upon the Effective Date.
Vesting of Warrant Shares. Upon the execution of Amendment No. 4 by Company and RICOR and the approval of the execution by RICOR of Amendment No. 4 by RICOR's limited partners, the vesting schedule of the Warrants set forth in the Warrant Agreement will accelerate and the warrants will be fully exercisable and will be Vested Shares.
Vesting of Warrant Shares. Subject to Section 3.2, the Warrants shall vest and be exercisable as follows:
Vesting of Warrant Shares. One third of the Warrant Shares shall be available to vest and become exercisable on each of the first three anniversaries of the Issuance Date (each such date, a “Vesting Date” and each such third of the Warrant Shares in respect of a Vesting Date, the “Vesting Warrant Shares”). In the event that the Publisher contract with the Company is terminated for any reason, then from and after such termination no further Vesting Dates shall occur and no further Warrant Shares shall vest and become exercisable. Notwithstanding anything in this Warrant to the contrary, the aggregate number of shares of Common Stock issuable upon exercise of this Warrant shall not exceed ____.
Vesting of Warrant Shares. The Warrant Shares shall vest as follows: (i) 250,000 of the Warrant Shares shall vest immediately upon execution of this Warrant; and (ii) the other 750,000 of the Warrant Shares shall vest as set forth on Schedule 1.1 hereto; provided, however, that all Warrant Shares which have not previously vested shall immediately vest upon the occurrence of a Change of Control Event at any time after the date hereof. All Warrant Shares which have vested pursuant to this Section 1.1 shall be considered to be "Vested Warrant Shares" under this Warrant.
