Vesting of Restricted Stock Clause Example from Business Contracts

This example Vesting of Restricted Stock clause appears in 2 contracts from 1 company

Vesting of Restricted Stock. The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in continued service of the Company or a Subsidiary on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date. Incremental Number of Shares Vested Vesting Date ( )% ( )...% ( )% ( )% ( )% Subsequent to such Vesting Date or Dates, the shares of Stock on which all restrictions and conditions have lapsed shall no longer be deemed Restricted Stock. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 3. View More
Found in Axcella Health Inc. contract
Axcella Health Inc. Contracts

2019 Stock Option and Incentive Plan and forms of award agreements thereunder (Filed With SEC on April 30, 2019)

2019 Stock Option and Incentive Plan and forms of award agreements thereunder (Filed With SEC on May 6, 2019)