Vesting Base Date definition
Examples of Vesting Base Date in a sentence
The parties hereby establish the date set forth in Item E above as the Vesting Base Date (as defined in Section 5.1 below).
For shares of the Company’s Common Stock hereafter acquired by the Executive from the Company, but not issued pursuant to an Option, the Vesting Base Date shall be the date of acquisition of such shares.
For shares of the Company’s Common Stock issued upon exercise by the Executive of an option to purchase shares of the Common Stock (an “Option”), the Vesting Base Date shall be the vesting base date set forth in the Option agreement/notice of exercise.
The Right of Repurchase shall expire with respect to 1/8 of the total number of NQO Shares six months after the Vesting Base Date and with respect to an additional 1/48 of the total number of NQO Shares on the monthly anniversary of the Vesting Base Date of each month thereafter, so that the Right of Repurchase shall have expired with respect to all of the NQO Shares on and after four years after the Vesting Base Date.
At any time on and after the Vesting Base Date until the termination of this option (as provided in Section 5 of this Agreement), this option shall vest and become exercisable in accordance with the vesting schedule set forth above, so that the option shall be fully exercisable on the third anniversary of the Vesting Base Date set forth above.
Such schedule shall commence as of the date set forth in Item (E) above (the "Vesting Base Date").
For so long as Optionee is providing continuous “Service” to the Corporation (as defined in the Plan), this option shall vest as to % of the total Shares subject to the option on the date that is from the Vesting Base Date, then an additional 1/ of such total Shares shall vest after the passage of each full thereafter (assuming continued provision of Service by Optionee), so that the option shall be fully vested on .
The Right of Repurchase shall expire with respect to 1/48 of the total number of NQO Shares on each monthly anniversary of the Vesting Base Date, so that the Right of Repurchase shall have expired with respect to all of the NQO Shares on and after four years after the Vesting Base Date.
This option will no longer be exercisable on the 10th anniversary of the Vesting Base Date.
The Right of Repurchase shall expire with respect to 25% of the total number of ISO Shares one year after the Vesting Base Date and with respect to an additional 1/48 of the total number of ISO Shares on the monthly anniversary of the Vesting Base Date of each month thereafter, so that the Right of Repurchase shall have expired with respect to all of the ISO Shares on and after four years after the Vesting Base Date.