Milestone-Based Shares. The Stockholder shall acquire a vested interest in One Million Seventy-Six Thousand Seven Hundred Eighteen (1,076,718) of the Shares (the “Milestone-Based Shares”), and the Repurchase Right shall lapse as to the Milestone-Based Shares, as follows so long as the Stockholder continues to be a Service Provider to the Company: (1) fifty percent (50%) of the total Milestone-Based Shares (i.e.,
Appears in 2 contracts
Sources: Restricted Stock Issuance Agreement (Receptos, Inc.), Restricted Stock Issuance Agreement (Receptos, Inc.)