Vesting of Restricted Stock Clause Example with 6 Variations from Business Contracts

This page contains Vesting of Restricted Stock clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
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 a Service Relationship 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 908 Devices Inc. contract

Variations of a "Vesting of Restricted Stock" Clause from Business Contracts

Vesting of Restricted Stock. The restrictions Subject to the terms and conditions in Paragraph 2 of Sections 4 and 5, the Restricted Stock covered by this Agreement shall lapse will become nonforfeitable to the extent of [25% of the shares of Restricted Stock on the Vesting Date or Dates specified in the following schedule so long as each of _____ __, ____, ______ __, ____, ______ __, ____ and ______ __, ____], provided that the Grantee remains in a Service Relationship on such Dates. If a series the continuous employ of Ve...sting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number Company or any Subsidiary as of shares of Restricted Stock specified as vested on each such date. Incremental Number For purposes of Shares Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ Subsequent to such Vesting Date this Agreement, the continuous employment of the Grantee with the Company or Dates, the shares of Stock on which all restrictions and conditions have lapsed shall no longer a Subsidiary will not be deemed Restricted Stock. The Administrator may at to have been interrupted, and the Grantee will not be deemed to have ceased to be an employee of the Company or any time accelerate Subsidiary, by reason of (a) the vesting schedule specified in this Paragraph 3. transfer of his employment among the Company and any of its Subsidiaries or (b) his absence or leave approved by a duly constituted officer of the Company or any of its Subsidiaries. View More
Found in Diamond S Shipping Group, Inc. contract
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 as follows: ____________________________ (each such date, a "Vesting Date"), so long as the Grantee remains in continues to have a Service Relationship with 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 Restri...cted 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 Graphite Bio, Inc. contract
Vesting of Restricted Stock. (a) 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 an employee of the Company or a Service Relationship 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 Ve...sting 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. (b) Notwithstanding anything herein to the contrary, in the event (and only in the event) that the shares of Restricted Stock are assumed or continued by the Company or its successor entity upon a Sale Event and thereafter remain in effect following such Sale Event, if the Grantee's employment with the Company, its Subsidiaries or successor entity (the "Employer") is terminated by the Employer without Cause or by the Grantee for Good Reason within 12 months after the Sale Event, then the restrictions and conditions in Paragraph 2 of this Agreement shall lapse with respect to the number of shares of Stock that would have vested within the three month period following such termination of employment. (c) For purposes of this Agreement, "Cause" shall mean (i) gross negligence or willful misconduct by the Grantee in the performance of the Grantee's duties to the Employer that is not cured within 30 days of written notice thereof, where such gross negligence or willful misconduct has resulted or is likely to result in substantial and material damage to the Employer; (ii) a material breach of any agreement between the Grantee and the Employer; (iii) a material and willful violation by the Grantee of any federal or state law; (iv) commission by the Grantee of any act of fraud with respect to the Employer; or (v) the Grantee's commission of an act of moral turpitude or conviction of or entry of a plea of nolo contendere to a felony. For purposes of this Agreement, "Good Reason" shall mean (a) a material diminution of the Grantee's base compensation (other than in connection with a general decrease in base salaries for most similarly situated employees of the Employer); or (b) a material change in the geographic location at which the Grantee provides services to the Employer. In the event the Grantee is a party to an agreement with the Employer that contains a different definition of "Cause" and/or "Good Reason" (or such other similar concepts) the definition(s) set forth in such other agreement shall be applicable to the Grantee for purposes of this Agreement. 2 4. Dividends. Dividends on Shares of Restricted Stock shall be paid currently to the Grantee. View More
Found in Anthera Pharmaceuticals Inc contract
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 continues to have a Service Relationship with 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 Numberof S...hares 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 BridgeBio Pharma, Inc. contract
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 continues to have a Service Relationship with 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 Ves...ted Vesting Date _____________ _________ (___%) ____________ _____________ _________ (___%) ____________ _____________ _________ (___%) ____________ _____________ _________ (___%) ____________ _________ (___%) 1 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 BridgeBio Pharma, Inc. contract
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 continues to have a Service Relationship with 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 Ves...ted 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 MYOMO INC contract