Examples of Market Cap Milestone in a sentence
In the event the Market Cap Milestone is achieved, any unvested portion of the Milestone Option subject to any Revenue Threshold shall fully vest.
The Milestone Option shall remain outstanding unless and until the last possible time that the 2023 Revenue Threshold can be achieved, the Market Cap Milestone can be achieved or a Change in Control may occur during the term of the Milestone Option.
The date of vesting for the Milestone Option shall be the earlier of (i) the date following Leafly’s filing with the SEC of its Form 10-K for the applicable fiscal year in which the applicable Revenue Threshold was attained or, (ii) the date the Market Cap Milestone is achieved.
In the event the Market Cap Milestone is achieved, any unvested portion of the stock options subject to the First Milestone Vesting Event and the Second Milestone Vesting Event shall fully vest.
By: /s/ Rxxxxx Xxxxxxxxxxxx Name: Rxxxxx Xxxxxxxxxxxx Title: Chief Executive Officer Executive: Dx. Xxxxxx Xxxxxx Chalil By: /s/ Dx. Xxxxxx Xxxxxx Chalil Name: Dx. Xxxxxx Xxxxxx Chalil [End of Signatures] EXHIBIT A Market Cap Milestone Bonus Market Cap Milestone Bonus (“MCMB”).
The Committee will also determine any achievement of the Market Cap Milestone, achievement of which will result in all then outstanding unvested PSUs becoming vested.
The Participant will have no further rights, and the Company will have no further obligations to the Participant, with respect to such unvested, forfeited PSUs (even with respect to any “catch-up” vesting with respect to the Market Cap Milestone).
PSUs will be treated as vested only as of the date the Committee determines the level of achievement of the Performance Goals for a Performance Period or the achievement of the Market Cap Milestone (the date of each such determination, a “Vesting Date”), subject to the Participant’s continued Service through the applicable Vesting Date.
In the event the Market Cap Milestone is achieved on or prior to February 4, 2026, all then outstanding unvested PSUs will become fully vested as of the Vesting Date (as defined below).
Additionally the Executive shall be offered a Market Cap Milestone Bonus, as identified in Exhibit A herein.