Examples of Founder Agreement in a sentence
The Founder Agreement, as amended hereby, shall remain in full force and effect.
The Founder Agreement also subjected the Employee’s stock to reverse vesting over a 36 month period, beginning as of August 1, 2016, with certain terms and restrictions.
All references in the Founder Agreement to "this Agreement", and to all other words referring to the Founder Agreement (such as "herein", "hereto", "herewith" and "hereunder"), shall be deemed to mean and refer to the Founder Agreement, as amended by this Amendment.
Except as described in the Founder Agreement, Share Exchange Agreement and the associated escrow agreement, the Employee will have complete ownership and full enjoyment of his shares of common stock in the Company.
Assignee hereby accepts such assignment and assumes all of the obligations of Assignor under the Founder Agreement arising from and after the date hereof as if Assignee were the “Company” (as defined in the Founder Agreement).
In addition, the Employee’s Exchanged Shares will be considered free from the reverse vesting restrictions of the Founder Agreement upon a termination of employment by the Company for any reason other than “Cause,” as defined below, or upon a termination by the Employee for Good Reason, or due to Death or Permanent Incapacity.
Capitalized terms not otherwise defined in this Amendment shall have the respective meanings assigned to them in the Founder Agreement.
Effective as of the date hereof, Assignor hereby absolutely assigns, transfers and conveys to Assignee all of the Assignor’s right, title and interest in and to the Founder Agreement.
Blackstone and Founding Member desire to amend and restate the Original Founder Agreement in order to, among other things, provide for certain benefits to be received by Founding Member and the Founder Group following Founding Member’s Departure (as defined below).
Capitalized terms used herein but not otherwise defined shall have the respective meanings given to them in that certain Founder Agreement dated as of December 19, 2019, by and between the Company and Founder (the “Agreement”).