Common use of Partial Vesting Clause in Contracts

Partial Vesting. One half (1/2) of the Warrant shall vest on the date that is six calendar months after the four-year anniversary of the Engagement Letter Date (the "Partial Vesting Date”) provided that at the time of such partial vesting (i) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ continues to serve as a director on (a) the Board and (b) unless waived by the Company in its sole discretion, the Kyivstar Board, (ii) the Company remains in Control of Kyivstar, other than as a result of a divestiture by the Company of a majority interest in Kyivstar that is approved by the Board, (iii) the Holder is continuing to provide the Services, (iv) the Company has increased its authorized share capital by resolution of the Company’s shareholders at a general meeting to allow for the issue of the Common Shares due to vest on the relevant Warrant Vesting Date, (v) the Company has sufficient authority, whether under the ▇▇▇▇ ▇▇▇-laws or pursuant to a resolution of the Company’s shareholders at a general meeting to issue the number of Common Shares due to vest on the relevant Warrant Vesting Date (conditions (iv) and (v) being, together, the "Share Issuance Conditions"), and (vi) compliance with applicable laws and regulations applicable to the Company (conditions (i) through (vi) being, together, the "Vesting Conditions").

Appears in 1 contract

Sources: Strategic Advisory Agreement (VEON Ltd.)

Partial Vesting. One half (1/2) 1/6th of the Warrant shall vest semi-annually commencing on the date that is six calendar months after the four-year anniversary of the Engagement Letter Date (the each such date, a "Partial Vesting Date") provided that at the time of such partial vesting (i) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ continues to serve as a director on (a) the Board and (b) unless waived by the Company in its sole discretion, the Kyivstar Board, (ii) the Company remains in Control of Kyivstar, other than as a result of a divestiture by the Company of a majority interest in Kyivstar that is approved by the Board, (iii) the Holder is continuing to provide the Services, (iv) the Company has increased its authorized share capital by resolution of the Company’s shareholders at a general meeting to allow for the issue of the Common Shares due to vest on the relevant Warrant Vesting Date, (v) the Company has sufficient authority, whether under the ▇▇▇▇ ▇▇▇-laws or pursuant to a resolution of the Company’s shareholders at a general meeting to issue the number of Common Shares due to vest on the relevant Warrant Vesting Date (conditions (iv) and (v) being, together, the "Share Issuance Conditions"), ; and (vi) compliance with applicable laws and regulations applicable to the Company (conditions (i) through (vi) being, together, the "Vesting Conditions").

Appears in 1 contract

Sources: Strategic Advisory Agreement (VEON Ltd.)

Partial Vesting. One half (1/2) of the Warrant shall vest on the date that is six calendar months after the fourthree-year anniversary of the Engagement Letter Date (the "Partial Vesting Date”) provided that at the time of such partial vesting (i) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ continues to serve as a director on (a) the Board and (b) unless waived by the Company in its sole discretion, the Kyivstar Board, (ii) the Company remains in Control of Kyivstar, other than as a result of a divestiture by the Company of a majority interest in Kyivstar that is approved by the Board, (iii) the Holder is continuing to provide the Services, (iv) the Company has increased its authorized share capital by resolution of the Company’s shareholders at a general meeting to allow for the issue of the Common Shares due to vest on the relevant Warrant Vesting Date, (v) the Company has sufficient authority, whether under the ▇▇▇▇ ▇▇▇-laws or pursuant to a resolution of the Company’s shareholders at a general meeting to issue the number of Common Shares due to vest on the relevant Warrant Vesting Date (conditions (iv) and (v) being, together, the "Share Issuance Conditions"), and (vi) compliance with applicable laws and regulations applicable to the Company (conditions (i) through (vi) being, together, the "Vesting Conditions").

Appears in 1 contract

Sources: Strategic Advisory Agreement (VEON Ltd.)