Grouped Into 292 Collections of Similar Clauses From Business Contracts
This page contains Vesting clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Vesting. The RSUs shall vest and become non-forfeitable on June 1, 2018 (the "Vesting Date"), provided that the Participant is actively carrying out her duties in connection with the Employment at all times from the Date of Grant through the Vesting Date.
Vesting. The RSUs shall vest and become non-forfeitable on June 1, 2018 the third anniversary of the Date of Grant (the "Vesting Date"), provided that the Participant is actively carrying out her his duties in connection with the Employment at all times from the Date of Grant through the Vesting Date.
Vesting. The shares of Stock subject to the Grant are fully vested as of the date of this Grant. By accepting this Grant, you agree to hold the Stock for not less than six months before selling the Stock, subject to the additional holding requirements of the Retention Policy (defined below).
Vesting. The shares of Stock subject to the Grant are fully vested as of the date of this Grant. grant. By accepting this Grant, grant, you agree to hold the Stock for not less than six months before selling the Stock, subject to the additional holding requirements of the Retention Policy (defined below). Stock.
Vesting. Subject to paragraph 6, the Units shall vest , provided that the Participant continues to provide Service to the Company (or an Affiliate) on .
Vesting. Subject to paragraph 6, the Units shall vest in full on , provided that the Participant continues to provide continuously provides Service to the Company (or an Affiliate) on through .
Vesting. (a) Subject to Section 2(b) below, (i) 100% of your Restricted Stock Units under this Award will vest on the date preceding the date of the Company's next Annual Meeting of Stockholders following the Vesting Commencement Date (as set forth in the Grant Notice), (ii) vesting will cease upon the termination of your Continuous Service and (iii) upon such termination of your Continuous Service, the Restricted Stock Units credited to the Account that were not vested on the date of such termination wi...ll be forfeited at no cost to the Company and you will have no further right, title or interest in such Restricted Stock Units or the shares of Common Stock to be issued in respect thereof. For purposes of this Award Agreement, in the event of a Change in Control, "Continuous Service" shall include continued service as an employee, director or consultant of the Company, its successor or any of their respective Affiliates following the Change in Control. (b) Notwithstanding anything to the contrary in this Award Agreement or the Plan, if, at any time within twelve (12) months following a Change in Control, your service as a Director terminates (a "Qualifying Termination"), then any outstanding Restricted Stock Units that are unvested pursuant to this Award Agreement shall become fully vested as of the date of such Qualifying Termination; provided that, to the extent this Award is, or becomes, subject to more favorable vesting or settlement terms pursuant to any written agreement between you and the Company or any action explicitly approved by the Board or the Committee, as applicable, this Award shall be subject to both the terms set forth herein and such other applicable terms, applied with the maximum intended benefit to you. At the time of a Change in Control, the Company, in its sole discretion, may, in addition to any other action permitted pursuant to the terms of the Plan, provide for the termination of this Award in exchange for payment to you of the product of (x) the Fair Market Value of a share of Common Stock underlying this Award as of the date of the Change in Control multiplied by (y) the number of unvested shares of Common Stock underlying this Award at the time of the Change in Control. For purposes of this Award Agreement, "Change in Control" shall mean any single event or series of related events constituting a 2 "Change in Control" (or any analogous term) under (a) clauses (i) through (iv) of the "Change in Control" definition set forth in the Plan (as qualified by clause (A), but not clause (B), of the last paragraph of such definition) and (b) any individual written agreement between you and the Company or any of its Affiliates, in each case, applied with the maximum intended benefit for you; provided, however, that if no definition of "Change in Control" (or any analogous term) is set forth in an individual written agreement between you and the Company or any of its Affiliates, such term shall have the meaning designated in clause (a) above.View More
Vesting. (a) Subject to Section 2(b) 1(b) below, (i) 100% of your Restricted Stock Units under the shares underlying this Award Option will vest and become exercisable in twelve equal monthly installments commencing on the date preceding the date first monthly anniversary of the Company's next Annual Meeting of Stockholders following the Vesting Commencement Date (as set forth in the Grant Notice), (ii) vesting will cease upon the termination of your Continuous Service and (iii) upon such termination of ...your Continuous Service, the Restricted Stock Units credited to the Account any shares underlying this Option that were not vested on the date of such termination will be forfeited at no cost to the Company and you will have no further right, title or interest in such Restricted Stock Units or the unvested shares of Common Stock to be issued in respect thereof. underlying this Option. For purposes of this Award Agreement, in the event of a Change in Control, "Continuous Service" shall include continued service as an employee, director or consultant of the Company, its successor or any of their respective Affiliates following the Change in Control. (b) Notwithstanding anything to the contrary in this Award Agreement or the Plan, if, at any time within twelve (12) months following a Change in Control, your service as a Director terminates (a "Qualifying Termination"), then any outstanding Restricted Stock Units shares underlying this Option that are unvested were not vested pursuant to this Award Agreement shall become fully vested and exercisable as of the date of such Qualifying Termination; provided that, to the extent this Award Option is, or becomes, subject to more favorable vesting or settlement exercise terms pursuant to any written agreement between you and the Company or any action explicitly approved by the Board or the Committee, as applicable, this Award Option shall be subject to both the terms set forth herein and such other applicable terms, applied with the maximum intended benefit to you. At the time of a Change in Control, the Company, in its sole discretion, may, in addition to any other action permitted pursuant to the terms of the Plan, (i) provide you with a reasonable period of time to exercise this Option prior to the effective date of the Change in Control (which period shall extend for no less than ten (10) business days prior to the effective date of such Change in Control) and, if not exercised within such period, have this Option terminate in full and be of no further force or effect, or (ii) provide for the termination of this Award Option in exchange for payment to you of the product of (x) the excess of the Fair Market Value of a share of Common Stock underlying this Award Option as of the effective date of the Change in Control over the Exercise Price multiplied by (y) the number of unvested unexercised (whether vested or unvested) shares of Common Stock underlying this Award Option at the time of the Change in Control. For purposes of this Award Agreement, "Change in Control" shall mean any single event or series of related events constituting a 2 "Change in Control" (or any analogous term) under (a) clauses (i) through (iv) of the "Change in Control" definition set forth in the Plan (as qualified by clause (A), but not clause (B), of the last paragraph of such definition) and (b) any individual written agreement between you and the Company 2 or any of its Affiliates, in each case, applied with the maximum intended benefit for you; provided, however, that if no definition of "Change in Control" (or any analogous term) is set forth in an individual written agreement between you and the Company or any of its Affiliates, such term shall have the meaning designated in clause (a) above. View More
Vesting. This Option may be exercised only to the extent it is vested. Subject to you remaining in the employ of the Company on the applicable vesting dates below, this Option shall vest as follows: ·440,000 shares underlying this Option shall vest and become exercisable in 48 consecutive monthly installments on the 28th day of each month, with the first installment on October 28, 2015; ·220,000 shares underlying this Option shall vest and become exercisable upon the Company entering into a collaboration... agreement with either an academic institution or a corporate partner on terms acceptable to the Board; and ·220,000 shares underlying this Option shall vest and become exercisable upon the closing of an equity financing transaction on terms acceptable to the Board with gross proceeds to the Company of at least $*.View More
Vesting. This Option may be exercised only to the extent it is vested. Subject to you remaining in the employ of the Company on the applicable vesting dates below, this Option shall vest as follows: ·440,000 ·360,000 shares underlying this Option shall vest and become exercisable in 48 consecutive monthly installments on the 28th day of each month, with the first installment on October 28, 2015; ·220,000 ·180,000 shares underlying this Option shall vest and become exercisable upon the Company entering in...to a collaboration agreement with either an academic institution or a corporate partner on terms acceptable to the Board; and ·220,000 ·180,000 shares underlying this Option shall vest and become exercisable upon the closing of an equity financing transaction on terms acceptable to the Board with gross proceeds to the Company of at least $*. View More
Vesting. Subject to Section 4, the Cash Award held by the Participant shall vest in accordance with the vesting schedule set forth in Schedule A hereto (each date listed in Schedule A, a "Scheduled Vesting Date") and shall be paid in accordance with Section 5 hereof, provided that (i) the Participant is continuously employed through the applicable Scheduled Vesting Date and (ii) the Compensation Committee of the Board of Directors of the Company has certified in writing prior to the Scheduled Vesting Dat...e that the performance target set forth in Schedule A hereto (the "Performance Target") has been met (the "Committee Certification"). If the Committee determines that the Performance Target has not been met, the Committee Certification will not occur, the Cash Award granted pursuant to this Agreement shall be forfeited at the time of such determination and the Participant shall have no further rights with respect thereto. Notwithstanding the foregoing, upon the occurrence of a Change in Control, the vesting and payment of the Cash Award will no longer be subject to the Committee Certification requirement of this Section 3. For purposes of this Agreement, "Change in Control" shall mean any one person, or more than one person acting as a group (as determined under section 1.409A-(i)(5)(v)(B) of the federal tax regulations), acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company.View More
Vesting. Subject to Section 4, 5, the Cash Award RSUs held by the Participant shall vest in accordance with the vesting schedule set forth in Schedule A hereto (each date listed in Schedule A, a "Scheduled Vesting Date") and shall be paid settled in accordance with Section 5 6 hereof, provided that (i) the Participant is continuously employed through the applicable Scheduled Vesting Date and (ii) the Compensation Committee of the Board of Directors of the Company (the "Committee") has certified in writin...g prior to the Scheduled Vesting Date that the performance target set forth in Schedule A hereto (the "Performance Target") has been met (the "Committee Certification"). If the Committee determines that the Performance Target has not been met, the Committee Certification will not occur, the Cash Award RSUs granted pursuant to this Agreement shall be forfeited at the time of such determination and the Participant shall have no further rights with respect thereto. Notwithstanding the foregoing, upon the occurrence of a Change in Control, the vesting and payment settlement of the Cash Award RSUs will no longer be subject to the Committee Certification requirement of this Section 3. 4. For purposes of this Agreement, "Change in Control" shall mean any one person, or more than one person acting as a group (as determined under section 1.409A-(i)(5)(v)(B) of the federal tax regulations), acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company. View More
Vesting. The Option granted hereunder will vest monthly in equal 1/36th increments during the three years from the date of this agreement and while Recipient is a Director of the Company so that on the 1st day of the first month after the Effective Date (i.e. August 1, 2017), the Option may only be exercised in relation to 1/36th of the Units, after the 2nd month the Option may only be exercised in relation to 2/36th of the Units, and so forth so that all Units subject to the Option will be fully vested ...on July 1 of the third year. In the event of a Liquidity Event (defined below), the Option shall fully vest simultaneously with such Liquidity Event unless such Liquidity Event is as part of an Adjusting Event (defined in Section 5 below) with the intent of facilitating a public offering of securities of the Company. For purposes of this Agreement a "Liquidity Event" means (i) any transaction or series of related transactions by the Company or its equity holders in which a majority of the voting power of the members is transferred to one or more persons who were not previously equity holders of the Company, (ii) any merger or consolidation of the Company with or into any other entity, after which the members of the Company do not hold, either directly or indirectly, a majority of the voting equity of the surviving entity, or (iii) a sale of all or substantially all of the operating assets of the Company. 2 4. TRANSFERABILITY. This Agreement and any rights hereunder shall be nontransferable and nonassignable by Recipient, except that it may be transferred in the event of Recipient's death to Recipient's heirs.View More
Vesting. The Option granted hereunder will vest as follows: while Recipient is employed by that Company, 1/6th will vest on the first day of the month that begins on or after the date 6 months after the Effective Date (the "Initial Vesting Date"), and, thereafter 1/36th will vest monthly on the first day of each month following the Initial Vesting Date for 30 months in equal 1/36th increments during the three years from the date of this agreement and while Recipient is a Director of the Company so that o...n the 1st day of the first month after the Effective Date (i.e. August 1, 2017), the Option may only be exercised in relation to 1/36th of the Units, after the 2nd month the Option may only be exercised in relation to 2/36th of the Units, and so forth so that all Units subject to the Option will be fully vested on July 1 the first day of the third year. month that begins on or after the date 36 months after the Effective Date. In the event of a Liquidity Event (defined below), the Option shall fully vest simultaneously with such Liquidity Event unless such Liquidity Event is as part of an Adjusting Event (defined in Section 5 below) with the intent of facilitating a public offering of securities of the Company. For purposes of this Agreement a "Liquidity Event" means (i) any transaction or series of related transactions by the Company or its equity holders in which a majority of the voting power of the members is transferred to one or more persons who were not previously equity holders of the Company, (ii) any merger or consolidation of the Company with or into any other entity, after which the members of the Company do not hold, either directly or indirectly, a majority of the voting equity of the surviving entity, or (iii) a sale of all or substantially all of the operating assets of the Company. 2 4. TRANSFERABILITY. This Agreement and any rights hereunder shall be nontransferable and nonassignable by Recipient, except that it may be transferred in the event of Recipient's death to Recipient's heirs. View More
Vesting. Subject to the further provisions of this Agreement, the RSUs will vest as set forth on the Grant Schedule (each date on which RSUs vest being referred to as a "Vesting Date").
Vesting. Subject to the further provisions of this Agreement, the RSUs will vest as set forth on the Grant Schedule (each (the date on which RSUs vest being referred to as a the "Vesting Date").
Vesting. Subject to Section 5, the restrictions set forth in Section 3 on the Share Award shall lapse with respect to the following portion of Common Shares and related dividends subject to the Share Award as follows: (i) one half (1/2) on the Date of Grant; (ii) one sixth (1/6) on the first anniversary of the Date of Grant; (iii) one sixth (1/6) on the second anniversary of the Date of Grant and (iv) one sixth (1/6) on the third anniversary of the Date of Grant. Notwithstanding the foregoing, (a) if Par...ticipant resigns from service as a Non-Employee Trustee of the Company during the Restriction Period following a Change of Control, the restrictions on the unvested Share Award shall lapse as of the date of such resignation and (b) if Participant's service 1 relationship with the Company and all Subsidiaries terminates during the Restriction Period as a result of death or Disability, the restrictions on the unvested Share Award shall lapse as of the date of such termination. The date on which the restrictions lapse for a particular portion of the Share Award and related dividends shall be the Vesting Date for such portion. If the foregoing vesting schedule would produce fractional Common Shares, the number of Common Shares that are vested shall be rounded down to the nearest whole Common Share; provided, however, that on the final vesting date, the number of Common Shares vesting shall be adjusted to the extent necessary so that one hundred percent (100%) of the Share Award shall have vested. On or before the thirtieth (30th) day following each Vesting Date, the Company will direct the Transfer Agent to note that the restrictions on the applicable Common Shares subject to this Share Award arising out of this Share Award have lapsed.View More
Vesting. Subject to Section 5, the restrictions set forth in Section 3 on the Share Award shall lapse with respect to the following portion of Common Shares and related dividends subject to the Share Award as follows: Award: (i) one half (1/2) on the Date of Grant; (ii) one sixth (1/6) third (1/3) on the first anniversary of the Date of Grant; (iii) (ii) one sixth (1/6) third (1/3) on the second anniversary of the Date of Grant Grant; and (iv) (iii) one sixth (1/6) third (1/3) on the third anniversary of... the Date of Grant. Notwithstanding the foregoing, (a) if Participant resigns from service as a Non-Employee Trustee of the Company during the Restriction Period following a Change of Control, the restrictions on the unvested Share Award shall lapse as of the date of such resignation and (b) if Participant's service 1 relationship with the Company and all Subsidiaries terminates during the Restriction Period as a result of death or Disability, the restrictions on the unvested Share Award shall lapse as of the date of such termination. The date on which the restrictions lapse for a particular portion of the Share Award and related dividends shall be the Vesting Date for such portion. If the foregoing vesting schedule would produce fractional Common Shares, the number of Common Shares that are vested shall be rounded down to the nearest whole Common Share; Restricted Unit; provided, however, that on the final vesting date, the number of Common Shares vesting shall be adjusted to the extent necessary so that one hundred percent (100%) 100% of the Share Award shall have vested. On or before the thirtieth (30th) day following each Vesting Date, the Company will direct the Transfer Agent to note that the restrictions on the applicable Common Shares subject to this Share Award arising out of this Share Award have lapsed. View More
Vesting. Thirty three and one-third percent (33 1/3%) of the Shares will vest on ; thirty three and one-third percent (33 1/3%) of the Shares will vest on ; and the remaining thirty three and one-third percent (33 1/3%) of the Shares will vest on . Vesting will occur only if you have continuously been an employee of the Company (or one or more of its affiliates) from the Grant Date through the applicable vesting date; provided, however, that notwithstanding the foregoing, all Shares which are unvested as... of the date of your termination of employment with the Company (or one or more of its affiliates) by reason of your death, Disability or Retirement shall vest immediately upon such termination, and the Restriction Period applicable to all such Shares shall expire.View More
Vesting. Thirty three and one-third percent (33 1/3%) of the Shares will vest on ; thirty three and one-third percent (33 1/3%) of the Shares will vest on ; and the remaining thirty three and one-third percent (33 1/3%) of the Shares will vest on . Vesting will occur only if you have continuously been an employee of the Company (or one or more of its affiliates) from the Grant Date through the applicable vesting date; provided, however, that notwithstanding the foregoing, all Shares which are unvested as... of the date of your termination of employment with the Company (or one or more of its affiliates) by reason of your death, Disability or Retirement shall vest immediately upon such termination, and the Restriction Period applicable to all such Shares shall expire. View More