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Equity Retainer
Equity Retainer contract clause examples

Equity. Any outstanding unvested equity awards shall continue to vest during the Transition Period and, if the Company terminates the Transition Period without Cause pursuant to Section 1(i) below, then a portion of your outstanding unvested equity awards shall accelerate and vest, at the date of such termination, to the same extent as they would have vested had you remained in service until April 30, 2020, subject to your satisfaction of the conditions for receipt of the Severance Benefits (as set forth below). If you resign your employment during the Transition Period, no amount of unvested equity awards shall be accelerated.

Equity-Based Awards. During the Transition Period, the Employee shall no longer be entitled to receive any new equity awards. The Company has previously granted to the Employee the equity awards (the “Outstanding Equity Awards”) as set forth on [Schedule B] that remain outstanding as of the Effective Date. Unvested stock options included within the Outstanding Equity Awards will continue to vest during the Transition Period pursuant to the vesting schedule set forth in the applicable award agreement. Unvested restricted stock, restricted stock units and stock appreciation rights included within the Outstanding Equity Awards will continue to vest, and the restrictions on such restricted stock awards and restricted stock units will continue to lapse, during the Transition Period pursuant to the vesting schedule set forth in the applicable award agreement.

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