Vesting Contract Clauses (4,221)

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. Subject to the other provisions of this Agreement, Optionee's Common Shares subject to this Option are fully vested.
Found in Geno LLC contract
Vesting. Subject to the other provisions of this Agreement, Optionee's Common Shares subject to this Option are fully vested.
Found in Geno LLC contract
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Vesting. (a) Time Based Vesting. Subject to the other provisions of this Agreement, so long as the Optionee maintains a business relationship with the Company or any Related Company through the following dates, the Common Shares subject to this Option shall vest in accordance with the following schedule: (i) as to 33.33% of the original number of Common Shares subject to this Option, on the first anniversary of the date of the Vesting Start Date, (ii) as to an additional 33.33% of the original number of ...Common Shares subject to this Option, on the second anniversary of the Vesting Start Date, and (iii) as to the remaining 33.34% of the original number of Common Shares subject to this Option, on the third anniversary of the Vesting Start Date. Upon the occurrence of a Termination Event (as defined below), unless the Company otherwise agrees in writing to the Optionee, only the Common Shares subject to this Option that have vested prior to the Termination Event pursuant to the prior sentence may be exercised by the Optionee as set forth in Section 3. A "Termination Event" means any of the following: (i) the Optionee's death, (ii) the Optionee's Disability (as defined below) or (iii) termination of Optionee's employment or non-employee consulting or other non-employee service relationship with the Company or any Related Company. The term "Disability" shall mean, and the Optionee shall be deemed to have a "Disability" and his provision of services to the Company terminated on account thereof, and such termination will be deemed a Termination Event, if the Optionee has been unable to substantially perform the duties assigned to him by the Board of Managers (the "Board") or a Manager due to physical or mental incapacity and such incapacity has lasted for (i) an aggregate of 120 days during any 12-month period or (ii) 90 consecutive days during any 12-month period. (b) Liquidation Event. If there has been no Termination Event prior to a Liquidation Event (as defined in the LLC Agreement), one hundred percent (100%) of the Common Shares subject to this Option shall become vested at the time of a Liquidation Event. View More
Found in Geno LLC contract
Vesting. (a) Time Based Vesting. The Vesting Start Date of this Option is [ ]. Subject to the other provisions of this Agreement, so long as the Optionee maintains a business relationship with the Company or any Related Company through the following dates, the Common Shares subject to this Option shall vest in accordance with the following schedule: (i) as to 33.33% four equal installments of the original number of Common Shares subject to this Option, 25% annually on the first anniversary of the date of... the Vesting Start Date, (ii) as to an additional 33.33% of the original number of Common Shares subject to this Option, on the second anniversary of the Vesting Start Date, and (iii) as to the remaining 33.34% of the original number of Common Shares subject to this Option, on the third anniversary of the Vesting Start Date. Upon the occurrence of a Termination Event (as defined below), unless the Company otherwise agrees in writing to the Optionee, only the Common Shares subject to this Option that have vested prior to the Termination Event pursuant to the prior sentence may be exercised by the Optionee as set forth in Section 3. A "Termination Event" means any of the following: (i) the Optionee's death, (ii) the Optionee's Disability (as defined below) or (iii) termination of Optionee's employment or non-employee consulting or other non-employee service relationship with the Company or any Related Company. The term "Disability" shall mean, and the Optionee shall be deemed to have a "Disability" and his provision of services to the Company terminated on account thereof, and such termination will be deemed a Termination Event, if the Optionee has been unable to substantially perform the duties assigned to him by the Board of Managers (the "Board") or a Manager due to physical or mental incapacity and such incapacity has lasted for (i) an aggregate of 120 days during any 12-month period or (ii) 90 consecutive days during any 12-month period. (b) Liquidation Event. If there has been no Termination Event prior to a Liquidation Event (as defined in the LLC Agreement), one hundred percent (100%) of the Common Shares subject to this Option shall become vested at the time of a Liquidation Event. View More
Found in Geno LLC contract
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