Vesting Restrictions. Each award or sale of Shares shall be subject to such vesting and forfeiture conditions as the Board may determine. Such restrictions shall be set forth in the applicable Award Agreement and, unless otherwise provided in the Award Agreement, shall apply to any dividends paid with respect to such Shares. The vesting of a Restricted Stock Award granted to a Participant for Service as an Outside Director shall be automatically accelerated in full in the event of a Change in Control.
Appears in 5 contracts
Samples: Stock Incentive Plan (FTC Solar, Inc.), Stock Incentive Plan (FTC Solar, Inc.), 2018 Stock Incentive Plan (Instil Bio, Inc.)
Vesting Restrictions. Each award or sale of Shares shall be subject to such vesting and forfeiture conditions as the Board may determine. Such restrictions shall be set forth in the applicable Award Agreement and, unless otherwise provided in the Award Agreement, shall apply to any dividends paid with respect to such Shares. The vesting of a Restricted Stock Award granted to a Participant for Service as an Outside Director shall be automatically accelerated in full in the event of a Change in Control.
Appears in 3 contracts
Samples: 2014 Stock Incentive Plan (Silvaco Group, Inc.), Stock Plan (Life Spectacular, Inc.), Equity Incentive Plan
