Equity. As full and complete consideration for performing the Services, the Company shall # if you decide to join the Companys Board of Directors, recommend at the first meeting of the Companys Board of Directors following your election as a Director, that the Company grant you an option to purchase 120,000 shares of the Companys Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Board of Directors (the Option). The shares subject to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over the following thirty (30) months subject to your continuing service with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive Plan and individual stock option agreement thereunder. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or service with the Company.
Equity. As full and complete consideration for performing the Services, the Company shall # ifIf you decide to join the Companys Board of Directors, recommendus, it will be recommended at the first meeting of the Companys Board of Directors following your election as a Director,start date that the Company grantgrants you an incentive option to purchase 120,000852,069 shares of the Companys Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Board of Directorscommon stock (the Option). The shares subjectSubject to the Option shall vest twenty-five percent on July 31, 2014 and thenCompanys Board of Directors approval, you will be granted such stock option in equal monthly amounts thereafter over the following thirty (30) months subject to your continuing serviceaccordance with the Company through each vesting date. NotwithstandingCompanys 2011 Equity Incentive Plan (the Plan) and related option documents. You will be required to sign the foregoing, in applicable Stock Option agreement (the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replaceAgreement) and the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Optionoptions will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive Plan and individual stockthe Agreement. The exercise price per share will be equal to the fair market value per share on the date the Option is granted, as determined by the Companys Board of Directors. Twenty-five (25%) of the shares subject to the Option shall vest upon completion of a twelve month employment at the Company and the remaining shares subject to the Option shall vest in equal monthly installments over the next thirty-six months subject to your continued service with the Company through each vesting date, as described in the applicable option agreement thereunder.agreement. No right to any stockequity is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continuecontinued vesting or service with the Company.employment.
Equity. As full and complete consideration for performing the Services,additional compensation, the Company shall # if you decidewill, subject to join the Companys Board of Directors, recommend at the first meetingapproval of the Companys Board of Directors following your election as a Director, that the CompanyBoard, grant you ana nonstatutory stock option enabling you to purchase 120,275,000 shares of the Companys Common Stock at acommon stock (the Option). The exercise price per share will be equal to at least the fair market value per share of the Common StockCompanys common stock on the date of grant, as determined by the Board in its sole discretion. The Option shall vest at a rate of Directors (the Option).one forty-eighth (1/48) per month beginning on the date you first begin providing services to the Company, and shall be subject to your continued service to Company on each vesting date. The sharesoption will be early exercisable, subject to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over the following thirty (30) months subjectCompanys right to your continuing service with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace therepurchase any unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option.shares. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive2010 Stock Plan (the Plan) and individualthe Companys standard form of stock option agreement thereunder.(the Option Agreement), as may be amended from time to time hereafter. No right to any stock is earned or accrued until such time as that vesting occurs, nor does the grant confer any right to continue vesting or maintenance of your status as a service withprovider to the Company.Company or member of the Board. In the event of a change of control of the Company during your term of service, 100% of the unvested shares subject to your Option shall vest immediately prior to the closing of such change of control.
Equity. As full and complete consideration for performing the Services, the Company shall # if you decide to join the Companys Board of Directors, recommend at the first meetingIf elected as a member of the Companys Board of Directors following your election as a Director, that the Company grantBoard, you will be granted an option to purchase 120,000211,847 shares (the Option) under the Companys 2008 Stock Plan (the Plan). The Option shall vest in 48 equal monthly installments as you continue service on the Board. Such vesting shall commence as of your election to the Board. Notwithstanding the foregoing, in the event that the company consummates a Change in Control (as defined in the Plan) at any time while you remain a member of the Companys Common Stock atBoard, then subject to your execution and non-revocation of a standard release of claims in favor of the Company (or its successor), 100% of the unvested shares subject to the Option shall vest and become exercisable immediately prior to such Change in Control. The exercise price per share of the Option shall be equal to the fair market value per share of the Common StockCompanys common stock on the date of grant,it is granted, as determined by the Board of Directors (the Option). The shares subject to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over the following thirty (30) months subject to your continuing service with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive Plan and individual stock option agreement thereunder. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or service with the Company.Board.
Equity. As full and complete consideration for performingsoon as practicable after the Services,commencement of your employment, we will recommend to the Company shall # if you decide to join the Companys Board of Directors, recommend at the first meeting of the Companys Board of Directors following your election as a Director, thatof the Company grantthat you be granted an option (the “Option”) to purchase 120,495,000 shares of the Companys Common Stock of the Company (the “Shares) at aan exercise price per share equal to the fair market value per share of the Common Stock on the date the Option is granted. Subject to your continued employment with the Company, the Option will vest over four years from your employment start date, with 25% of grant, as determined by the Board of Directors (the Option). The shares subject to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over the following thirty (30) months subject to your continuing service with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) offirst anniversary and the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers acceleratedshares vesting of the Option, the remainder of the unvested Option will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option.monthly thereafter. The Option shallwill be subject to the terms and conditions of the CompanyCompany’s 20132011 Equity Incentive PlanPlan, as amended (the “Equity Plan”), and individual stock option agreementStock Option Agreement thereunder. No right to any stock is earned or accrued until such time that vesting occurs, nor doesThe Option will fully accelerate if you experience a qualifying termination of employment within twelve months following a Change in Control, as defined in the grant confer any right to continue vesting or serviceEquity Plan, with the Company.specific terms of such acceleration provision to be set forth in your Stock Option Agreement.
Equity. As full and complete considerationcompensation for performingyour services to the Services,Company, the Company shall # if you decidewill, subject to join the Companys Board of Directors, recommend at the first meetingapproval of the Companys BoardBoard, grant you a nonstatutory stock option entitling you to purchase 109,775 (0.75% of Directors following your election as a Director, that14,636,189 diluted shares) shares of common stock of the Company grant you an option to purchase 120,000 shares of the Companys Common Stock at a(the Option). The exercise price per share will be equal to the fair market value per share of the Common StockCompanys common stock on the date of grant, as determined by the BoardBoard. The Option shall vest and become exercisable as to 25% of Directors (the Option). Thethe shares subject to the Option on the first anniversary of your vesting commencement date and as to 1/48th of the shares each month thereafter, subject to your continued service on such dates, such that all shares subject to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over the following thirty (30) months subject to your continuing service with the Company through each vesting date.be fully vested after 4 years. Notwithstanding the foregoing, in the event that a successor or acquiring corporation inof a change of control (to be defined in control does not substitute, convert, exchange or replace the unvested portionOption Agreement) of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictionsCompany, 100% of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option.your option shall automatically vest and become immediately exercisable. The Option shall be subject to the terms and conditions of the Companys 2013 Equity IncentiveStock Plan (the Plan) and individuala stock option agreement thereunder.(the Option Agreement) to be executed by you and the Company, both of which are incorporated herein by reference. No right to any stock is earned or accrued until such time that vesting occurs, nor doeswill the grant confer any right to continuecontinued vesting or service withto remain on the Company.Board.
Equity. As full and complete consideration for performing the Services, the Company shall # if you decide to join the Companys Board of Directors, recommend at the first meeting of the Companys Board of Directors following your election as a Director, that the Company grant you an option to purchase 120,000 shares of the CompanyCompany’s Common Stock at a(the “Option”). The exercise price per share equal to the fair market value per share of the Common Stock on the date of grant, asOption will be determined by the Board of Directors (the Option). The shares subject toor the Compensation Committee when the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over the following thirty (30) months subject to your continuing service with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subject to the Director continuing to provide services as a Director over the term of the Option.is granted. The Option shallwill be subject to the terms and conditions ofapplicable to options granted under the CompanyCompany’s 2013 Equity Incentive Plan (the “Plan”) and individual stock option agreement thereunder. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting orapplicable Stock Option Agreement. You will vest in 25% of the Option shares after 12 months of continuous service with the Company.Company, and the balance will vest in equal monthly installments over the next 36 months of continuous service, as described in the applicable Stock Option Agreement.
Equity. As full and complete consideration for performing the Services, the Company shall # if you decide to join the Companys Board of Directors, recommend atAt the first meeting of the Companys Board of Directors following your election as a Director,start date at which the Board will be approving stock option grants and subject to Board approval, management will recommend that the Company grant you be granted an option to purchase 120,870,000 shares of the Companys Common Stock at acommon stock (the Option). The exercise price per share of the Option will be equal to the fair market value per share of the Common Stock on the date the Option is granted. The option will be subject to the terms and conditions applicable to options granted under the Companys 2008 Stock Plan (the Plan) and the applicable stock option agreement. 25% of grant, as determined by the Board of Directors (the Option). The shares subject to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafter over12 months after the following thirty (30) monthsdate your vesting begins, subject to your continuing serviceemployment with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value toCompany, and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and suchno shares shall become fully vested onvest before such date. The remaining shares shall vest monthly over the effective date of such changenext 36 months in control. In addition, if a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vestequal amounts, subject to the Directoryour continuing to provide services as a Director over the term of the Option. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive Plan and individual stock option agreement thereunder. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or serviceemployment with the Company.
Equity.Equity Compensation. As full and complete consideration for performing the Services, the Company shall # if you decidean inducement to join the CompanyExecutive's Boardacceptance of Directors, recommendemployment, at the first meeting of the Companys Board of Directors following your election asthe date on which Executive’s employment commences, Executive shall be granted a Director, that the Company grant you annon-qualified stock option to purchase 120,50,000 shares of the CompanyCompany’s Common Stock (the “Common Stock”), at a price per share exercise price equal to the fair market value perof a share of the Common Stock on the date of grant,the grant (the “Option”) which Option shall vest as determined byfollows provided that Executive remains in service to the BoardCompany: 25% of Directors (the Option). Thethe shares subject to the Option shall vest twenty-five percent on July 31, 2014the one-year anniversary on the date of grant and then in equal monthly amounts thereafter over1/48th of the following thirty (30) monthstotal number of shares subject to your continuing service with the Company through each vesting date. Notwithstanding the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portion of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictions of the unvested portion of the Option, the vesting of the unvested portion of the Option shall accelerate, and such shares shall become fully vested onvest upon the effective datecompletion of such change in control. In addition, if a change in control occurs the vestingeach month of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subjectservice to the Director continuing to provide services as a Director over the term of the Option. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive Plan and individual stock option agreement thereunder. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or service with the Company.Company thereafter.
Equity. As full and complete consideration for performingSubject to the Services,approval the Company shall # if you decide to joinCompensation Committee of the Companys Board of Directors, recommend at the first meeting of the Companys Board of Directors following your election as a Director, that the Company grant you will receive an option to purchase 120,850,000 shares of the Companys Common Stock (representing approximately 1.0% of the fully-diluted common stock equivalents), at aan exercise price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the BoardCompensation Committee at the time of Directors (the Option). The shares subjectthe grant, with such option to the Option shall vest twenty-five percent on July 31, 2014 and then in equal monthly amounts thereafterinstallments over the following thirty (30) monthsfour years from your date of employment, subject to a one-year vesting cliff. The vesting of this option will commence as of January 1, 2017, to reflect your continuingprior service to the Company under your consulting engagement, and will accelerate in accordance with the Company through eachdouble trigger vesting date. Notwithstandingprovision generally applicable to the foregoing, in the event that a successor or acquiring corporation in a change in control does not substitute, convert, exchange or replace the unvested portionexecutives of the Option with interests in the successor or acquiring corporations incentive compensation plan that are comparable in value to and that have substantially similar rights, preferences and privileges and restrictionscompany, where 50% of the unvested portionshares underlying the option shall vest if you are terminated without cause or resign for good reason within 12 months after a Change of Control Event (as defined in the Option, the vesting2010 Equity Incentive Plan). The definition of the unvested portiongood reason will be extended to include resignation upon or after a Change of the Option shall accelerate, and such shares shall become fully vested on the effective date of such change in control. In addition,Control Event if compliance with any agreement to which you are currently a change in control occurs the vesting of 50% (fifty-percent) of the remaining unvested portion of the Option, if any, shall accelerate immediately. If a change in control triggers accelerated vesting of the Option, the remainder of the unvested Option will continue to vest subjectparty would prevent you from performing your responsibilities to the Director continuing to provide services as a Director over the term of the Option. The Option shall be subject to the terms and conditions of the Companys 2013 Equity Incentive Plan and individual stock option agreement thereunder. No right to any stock is earnedCompany or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or service with the Company.its successor.
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