Vesting of the Warrants Sample Clauses
The "Vesting of the Warrants" clause defines the conditions and timeline under which the holder earns the right to exercise warrants, which are options to purchase company shares at a predetermined price. Typically, this clause outlines a schedule—such as immediate vesting, vesting over time, or upon achieving certain milestones—detailing when and how many warrants become exercisable. Its core function is to incentivize performance or continued association with the company, while protecting the company by preventing immediate full exercise of all warrants.
Vesting of the Warrants. The Warrants shall immediately vest and may be exercised on or after the date hereof in accordance with the terms of this Agreement and the Warrant Certificate.
Vesting of the Warrants. (a) This Warrant shall vest and become exercisable for 831,486 Shares upon the advance of the Tranche A Loan (as defined in the Loan Agreement);
(b) This Warrant shall vest and become exercisable for an additional 831,486 Shares upon the advance of the Tranche B Loan (as defined in the Loan Agreement); and
(c) This Warrant shall vest and become exercisable for an additional 831,486 Shares upon the advance of the Tranche C Loan (as defined in the Loan Agreement).
(d) If, upon the closing of a Subsequent Equity Financing, the Subsequent Equity Financing Price shall be less than the Warrant Price in effect as of immediately prior thereto, then the “Warrant Price” shall be the Subsequent Equity Financing Price from and after such closing, subject to adjustment thereafter from time to time in accordance with the provisions of this Warrant. As used herein (i) “Subsequent Equity Financing” means any sale of issuance by the Company on or after the Issue Date of this Warrant set forth above, in a single transaction or a series of related transactions, including multiple rounds of equity financing, of shares of its preferred stock or other equity securities to one or more investors for cash for financing purposes where the Company
Vesting of the Warrants. The Warrants are vested in full and, subject to Section 2.1 hereof, may be exercised on or after the date hereof in accordance with the terms of this Agreement and the Warrants.
Vesting of the Warrants. The Warrants shall immediately vest and may be exercised on or after the original issuance date thereof (the "Issuance Date"), which is scheduled to be on or about _______, 1999, in accordance with the terms of this Agreement and the Warrant Certificate.
Vesting of the Warrants. The Warrants will be vested according to the rules set forth in Section 4.2.5. of the Plan.
Vesting of the Warrants. Notwithstanding any provision of ----------------------- this Warrant to the contrary, none of the Warrants shall be exercisable until vested in accordance with this Section 1.5 (any such warrant is hereinafter referred to as a "Vested Warrant"). The Warrants will vest as set forth below:
Vesting of the Warrants. The Warrants, other than the Warrants for Roge▇ ▇▇▇▇▇▇▇, ▇▇e vested in full and may be exercised on or after the date hereof in accordance with the terms of this Agreement and the Warrants. The Warrants for Roge▇ ▇▇▇▇▇▇▇ ▇▇▇t pursuant to the terms of his Employment Agreement dated April 7, 1999, by and between the Company and Roge▇ ▇▇▇▇▇▇▇.
Vesting of the Warrants. Shares shall Vest over the Vesting Period according to the following schedule: July 1, 2000 250,000 50.0 % $ 2.06 October 1, 2000 31,250 56.25 % $ 2.06 January 1, 2001 31,250 62.50 % $ 2.06 April 1, 2001 31,250 68.75 % $ 2.06 July 1, 2001 31,250 75.0 % $ 2.06 October 1, 2001 31,250 81.25 % $ 2.06 January 1, 2002 31,250 87.50 % $ 2.06 April 1, 2002 31,250 93.75 % $ 2.06 July 1, 2002 31,250 100.0 % $ 2.06
Vesting of the Warrants. This Warrant shall vest and not be subject to forfeiture on the Vesting Date. In the event that the Note issued in connection with this Warrant is redeemed in full prior to the Vesting Date, this Warrant will automatically expire and may not be exercised. If only a percentage of the principal amount of the Note issued in connection with this Warrant is redeemed prior to the Vesting Date, a like percentage of this Warrant will expire and may not be exercised. The remainder of this Warrant will remain outstanding and continue to vest in accordance with the terms of this Section 17. * * * * *
Vesting of the Warrants. The Warrants granted pursuant to this Agreement shall be Vested only if the Holder is either employed by or continuously providing services to Company for the Vesting Period and is employed by or continuously providing such services to Company upon its conclusion, except as may otherwise be provided herein. The Warrants granted under this Agreement, to the extent not Vested, shall lapse and be of no further force and effect if Holder shall cease at any time to be employed by or continuously providing such services to Company prior to such time as Holder's rights in such Warrant shall have Vested. Shares shall Vest over the Vesting Period according to the following schedule: April 15, 2000 25,000 25.0% $ 2.06 July 15, 2000 18,750 43.75% $ 2.06 October 15, 2000 18,750 62.50% $ 2.06 January 15, 2001 18,750 81.25% $ 2.06 April 15, 2001 18,750 100% $ 2.06