Common use of Accelerated Vesting and Continuation of Exercise Period Clause in Contracts

Accelerated Vesting and Continuation of Exercise Period. Accelerated vesting of all outstanding units, shares, or options(as the case may be), and continuation of exercise period of all units, shares, or options (as the case may be) until the expiration date of the outstanding units, shares, or options (the "Exercise Term"), under a separate consulting agreement ("Consulting Agreement") between you and the Company, a version of which is attached hereto as Exhibit A. The Consulting Agreement shall include the following terms: 1) the term of the Consulting Agreement shall equal the Exercise Term, 2) the nature of services shall be mutually agreed upon, 3) there shall be a $100.00 annual retainer fee, and 4) the compensation for the services shall be at a mutually agreed upon hourly rate. For clarity, you will retain the benefits of your units, shares, or options (as the case may be) for the full exercise period of such units, shares, or options (as the case may be).

Appears in 1 contract

Sources: Severance Agreement (BioAtla, Inc.)

Accelerated Vesting and Continuation of Exercise Period. Accelerated vesting of all outstanding units, shares, or options(as options (as the case may be), and continuation of exercise period of all units, shares, or options (as the case may be) until the expiration date of the outstanding units, shares, or options (the "Exercise Term"), under a separate consulting agreement ("Consulting Agreement") between you and the Company, a version of which is attached hereto as Exhibit A. The Consulting Agreement shall include the following terms: 1) the term of the Consulting Agreement shall equal the Exercise Term, 2) the nature of services shall be mutually agreed upon, 3) there shall be a $100.00 annual retainer fee, and 4) the compensation for the services shall be at a mutually agreed upon hourly rate. For clarity, you will retain the benefits of your units, shares, or options (as the case may be) for the full exercise period of such units, shares, or options (as the case may be).

Appears in 1 contract

Sources: Severance Agreement (BioAtla, Inc.)