Example ContractsClausesOne-Third (33
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Subject to approval by the Compensation Committee of the Board of Directors, you will receive an initial equity grant valued at 400% of your annual base salary ( value) in the form of Stock Options (50% value) and RSU’s (50% value). The Options will vest over a three-year period on the following schedule: one-year cliff vest for the first third with the remaining two thirds vesting monthly over the remaining 24 months of the grant. These options will be valued using the BSV method and priced at the date of grant which will be at market close on or about May 8th. The RSU awards will vest over a three-year period: 33% cliff vesting upon the first anniversary of the grant, 33% vesting on the second anniversary and 33% vesting on the third anniversary of the grant. The RSU’s will also be granted on or about May 8th.

A Reference Bank which is not a Party may rely on Clause ‎30.17 (Role of Reference Banks), and Clause ‎33 (Confidentiality of Funding Rates and Reference Bank Quotations) subject to Clause ‎1.3 (Third Party Rights) and the provisions of the Third Parties Act.

Executive will vest in his Deferral Account balance one-third each year over the first three years based on a quarterly vesting of 8.3325% at each quarter end beginning until fully vested(i.e. on Executive would be 8.3325% vested in the accumulated account balance (including interest) and on Executive would be 33 1/3 percent vested in the accumulated account balance (including interest)).

One-Time Royalty Fee. On the Effective Date, Commercializing Party shall pay to Licensor a fee of , which shall constitute the full royalty fee due to Licensor for the licenses granted pursuant to [Section 2.1].

i. ​ paid in four equal installments (each equal to ​) on the first day of each of the first four (4) calendar months following the submission of the first Investigational New Drug Application (“IND”) to the Food and Drug Administration (“FDA”) or an equivalent application to a regulatory agency anywhere in the world, for a Product.

Within five (5) business days of the, shall pay and 33/100ths () directly to ’s vendor, SP VirTis, for a freeze dryer;

other than as a result of trading of a Party’s (or its ultimate parent company’s) securities on a securities exchange, any direct or indirect change in Control of a Party (whether through merger, sale of shares or other equity interests or otherwise) through a single transaction or series of related transactions, from one or more transferors to one or more transferees, in which the market value of the Party’s Participating Interest represents more than thirty three and one-third (33 1/3%) of the aggregate market value of the assets of such Party and its Affiliates that are subject to the change in Control; but

Premium Trust Fund Laws” means Sections 33-7-6, 33-37-3, 33-46-2 and 33-46-8 of the West Virginia Code and Pennsylvania Administrative Code Section 37.81.

Beginning on the date one year from the date of the Agreement, the Option may be exercised to the extent of 33% of the shares originally covered thereby;

Base Building............................................................................................................................. 33

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