Common use of Liquidity Event Vesting Clause in Contracts

Liquidity Event Vesting. Notwithstanding the foregoing, all Time Options, to the extent not then vested or previously forfeited or cancelled, shall become fully vested immediately prior to the effective date of the Liquidity Event.

Appears in 1 contract

Sources: Stock Option Agreement (Johnstone Tank Trucking Ltd.)

Liquidity Event Vesting. Notwithstanding the foregoing, all All Time Options, to the extent not then vested or previously forfeited or cancelled, Options shall become fully vested and exercisable immediately prior to the effective date of the first Liquidity Event.

Appears in 1 contract

Sources: Stock Option Agreement (Wesco Aircraft Holdings, Inc)