Examples of Vesting Period in a sentence
Bad Leaver The Optionholder becomes a “Bad Leaver” if the Optionholder voluntarily resigns or the Optionholder’s Professional Relationship is terminated for Cause, in each case during the Vesting Period, unless the Company determines that, irrespective of the above, the Optionholder is not a Bad Leaver.
Vesting Start Date [ * ] Vesting Vesting Period: [ * ] years from the Vesting Start Date.
The remaining [ * ]% of the Shares shall vest in equal monthly installments over the following years of the Vesting Period so that all Shares shall become fully vested on the last anniversary of the Vesting Start Date.
Bad Leaver: The Optionholder becomes a “Bad Leaver” if the Optionholder voluntarily resigns or the Optionholder’s Professional Relationship is terminated for Cause, in each case during the Vesting Period, unless the Company determines that, irrespective of the above, the Optionholder is not a Bad Leaver.
A Founder becomes a “Good Leaver” if the Founder’s Professional Relationship is terminated during the Vesting Period in circumstances where he is not a Bad Leaver.