Common use of SIAC Rules Clause in Contracts

SIAC Rules. The SIAC Rules are deemed to be incorporated by reference in this clause 10. However, to the extent that the SIAC Rules are in conflict with the provisions of this clause 10, the provisions of this clause 10 will prevail.] [Insert the contribution the Co-Founder is expected to make to the business of the Company during the Term] Total number of Co-Founder’s Shares: [Insert total number of shares in the Company held by the Co-Founder at the date of this Agreement] Unvested Shares (% of Co-Founder’s Shares subject to repurchase option): [Insert]% Start of the vesting period: The vesting period starts on [the date of this Agreement] Monthly reduction in the number of Unvested Shares: [insert]% [of the Co-Founder’s Shares per month until the end of the Term]

Appears in 2 contracts

Sources: Co Founder Agreement, Co Founder Agreement