Subsequent Vesting Sample Clauses

The Subsequent Vesting clause defines how ownership rights or interests, such as equity or stock options, are granted to a party over time after an initial vesting period. Typically, this clause outlines a schedule or milestones that must be met for additional portions of the interest to become fully owned by the recipient, such as monthly or annual vesting following a cliff period. Its core practical function is to incentivize continued participation or performance by tying the full acquisition of rights to ongoing involvement, thereby protecting the interests of the granting party and reducing the risk of early departure.
Subsequent Vesting at a rate of [1/36th] of the balance of the end of each month thereafter, provided that [the][the relevant] Key Person remains engaged by the Company to provide services, whether as a contractor or employee at the date of vesting.
View SourceView Similar (2)
Subsequent Vesting. If the Initial Measurement Price with respect to a Tranche is less than $18.71, on each anniversary of such Initial Measurement Date (each a “Subsequent Measurement Date”), subject to Section 4.3.3 below, the Company will again determine whether additional shares in the Tranche will vest. Additional shares will vest as set forth in Section 4.3.2, provided that during the year immediately preceding the Subsequent Measurement Date the weighted average closing price (the “Subsequent Measurement Price”) in any consecutive five trading day period (in no part of which did a Blackout Period exist) exceeded the Initial Measurement Price and all previous Subsequent Measuring Dates.
View Source
Subsequent Vesting. On any business day beginning 30 days after the end of each Measurement Period (as defined below) and prior to the Expiration Date, the Holder may exercise this Warrant, in whole or in part, at any time or from time to time, as to an additional number of shares of Common Stock equal to (i) the product of (A) the average daily Gross Exposure (as defined in the Credit Card Agreement (or the schedules or exhibits thereto),
View Source
Subsequent Vesting. Subject to Sections 5 and 6 below, assuming the Employee remains employed by the Company (or a successor company) after the Change in Control, the remaining fifty percent (50%) of the stock options and Restricted Stock not vested as of the date of the Change of Control shall vest as follows: (i) 25% of the stock options and Restricted Stock, respectively, on the date twelve (12) months after the date of the Change of Control, and (ii) 25% of the stock options and Restricted Stock, respectively, on the date eighteen (18) months after the date of the Change of Control.
View Source
Subsequent Vesting the balance will vest at a rate of [1/36th] of the balance of the Vesting Shares at the end of each month thereafter, provided that, at each relevant vesting date, [the][the relevant] Founder remains engaged by [the Company][a Group Company] on a continuous basis as a contractor or employee.
View Source

Related to Subsequent Vesting

  • Equity Vesting All of the then-unvested shares subject to each of the Executive’s then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable (for avoidance of doubt, no more than 100% of the shares subject to the then-outstanding portion of an equity award may vest and become exercisable under this provision). In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels. Unless otherwise required under the next following two sentences or, with respect to awards subject to Section 409A of the Code, under Section 5(b) below, any restricted stock units, performance shares, performance units, and/or similar full value awards that vest under this paragraph will be settled on the 61st day following the CIC Qualified Termination. For the avoidance of doubt, if the Executive’s Qualified Termination occurs prior to a Change in Control, then any unvested portion of the Executive’s then-outstanding equity awards will remain outstanding for 3 months or the occurrence of a Change in Control (whichever is earlier) so that any additional benefits due on a CIC Qualified Termination can be provided if a Change in Control occurs within 3 months following the Qualified Termination (provided that in no event will the Executive’s stock options or similar equity awards remain outstanding beyond the equity award’s maximum term to expiration). In such case, if no Change in Control occurs within 3 months following a Qualified Termination, any unvested portion of the Executive’s equity awards automatically will be forfeited permanently on the 3-month anniversary of the Qualified Termination without having vested.

  • Time Vesting The restrictions shall lapse with respect to the Shares of Restricted Stock covered by this Award, in the installments set forth in the Award Agreement, provided that G▇▇▇▇▇▇’s service as a Director of the Company and its Subsidiaries continues through the specified dates.

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7:

  • Normal Vesting Subject to the Plan and this Agreement, if the Participant has been in Continuous Employment through the Vesting Date as set forth in Section 1, then the RSUs subject to such Vesting Date will become nonforfeitable (“Vest” or similar terms).

  • Stock Vesting Unless otherwise approved by the Board of Directors, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three (3) years.