Common use of Reverse Vesting Clause in Contracts

Reverse Vesting. If the Company does not have a reverse vesting schedule in place for the Founder[s] it shall put one in place on or around the date of this agreement. Such reverse vesting schedule shall be: 25% of the shares held by [the]/[each] Founder to vest on the one-year anniversary of the signing of this agreement and the remaining shares held by [the]/[each] Founder to vest in equal monthly installments over the next 3 years, subject to customary leaver provisions (the “Vesting Schedule”). If the Company already has a vesting schedule in place for the Founder[s] that is materially different from the Vesting Schedule it shall amend such vesting schedule to be in line with the Vesting Schedule. By countersignature to this agreement, [the]/[each] Founder acknowledges and agrees to the Vesting Schedule applying to his shareholding.

Reverse Vesting. If the Company does not have a reverse vesting schedule in place for the Founder[s] it shall put one in place on or around the date of this agreementcompletion to the Financing Round. Such reverse vesting schedule shall be: 25% of the shares held by [the]/[each] Founder to vest on the one-year anniversary of the signing of this agreement and the remaining shares held by [the]/[each] Founder to vest in equal monthly installments over the next 3 years, subject to customary leaver provisions 2 years (the “Vesting Schedule”). If the Company already has a vesting schedule in place for the Founder[s] that is materially different from the Vesting Schedule it shall amend such vesting schedule to be in line with the Vesting Schedule. By countersignature to this agreement, [the]/[each] Founder acknowledges and agrees to the Vesting Schedule applying to his shareholding.