Vesting. Each Initial Award shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Award shall be fully vested on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Director through each such vesting date. Each Subsequent Award shall vest and become exercisable on the earlier of the first anniversary of the date of grant or the day immediately prior to the date of the next annual meeting of the Company’s stockholders occurring after the date of grant, in either case subject to the Non-Employee Director continuing in service on the Board as a Non-Employee Director through each such vesting date. Unless the Board otherwise determines, any portion of an Initial Award or Subsequent Award which is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable. All of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.
Vesting. Each Initial Award shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Award shall be fully vested on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Director through each such vesting date. Each Subsequent Award shall vest and become exercisable onin twelve substantially equal monthly installments following the earlierdate of grant, such that the Subsequent Award shall be fully vested on the first anniversary of the date of grant or the day immediately prior to the date of the next annual meeting of the Company’s stockholders occurring after the date of grant, in either case subject to the Non-Employee Director continuing in service on the Board as a Non-Employee Director through each such vesting date. Unless the Board otherwise determines, any portion of an Initial Award or Subsequent Award which is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable. All of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.
Vesting. Each Initial Award shall vest and become exercisable in thirty-six (36)thee substantially equal monthlyannual installments followingon each of the date of grant, such that the Initial Award shall be fully vested on the third anniversaryfirst three (3) anniversaries of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Directoron the Board through each such vesting date. Each Subsequent Award shall vest andand/or become exercisable on the earlierfirst to occur of # the first anniversary of the date of grant or the day immediately prior to the date of# the next occurring annual meeting of the Company’Company's stockholders occurring after the date of grant, in either casestockholders, subject to the Non-Employee Director continuing in service on the Board as a Non-Employee Director through each such vesting date. Unless the Board otherwise determines, anyno portion of an Initial Award or Subsequent Award which is unvested and/or unexercisableexercisable at the time of a Non-Employee Director’s termination of service on the Board asshall become vested and/or exercisable thereafter. Upon a Change in Control, all outstanding equity awards granted under the Equity Plan, and any other equity incentive plan maintained by the Company, that are held by a Non-Employee Director shall be immediately forfeited upon such terminationbecome fully vested and/or exercisable, irrespective of service and shall not thereafter become vested and exercisable. Allany other provisions of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.Plan or any award agreement.
Vesting. EachSubject to Section 2(d)(iii) below, each Initial Award shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Award shall be fully vested on the thirdeach monthly anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Directorto provide services to the Company through each such vesting date. EachSubject to Section 2(d)(iii) below, each Subsequent Award shall vest and become exercisable in full on the earlier of the firstone=year anniversary of the date of grant or the day immediately prior to the date ofand the next annual meeting of the Company’s stockholders occurring after the date of grant, in either casegrant date, subject to the Non-Employee Director continuing in service onto provide services to the Board as a Non-Employee DirectorCompany through each such vesting date. Unless the Board otherwise determines, any portion of an Initial Award or Subsequent Award which is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable. All of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.
Vesting.Vesting of Awards Granted to Non-Employee Directors. Each InitialAnnual Award shall vest and become exercisable in thirty-six (36) substantially equal monthly installmentson the earlier of # the day immediately preceding the date of the first Annual Meeting following the date of grant, such thatgrant and # the Initial Award shall be fully vested on the thirdfirst anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Directoron the Board through each suchthe applicable vesting date. Each SubsequentInitial Award shall vest and become exercisableratably over a period of three years, with such tranches vesting on the earlier of the first anniversaryfirst, second and third anniversaries of the date of grant or the day immediately prior to the date of the next annual meeting of the Company’s stockholders occurring after the date of grant, in either case subject to the Non-Employee Director continuing in service on the Board as a Non-Employee Director through each such vesting date. Unless the Board otherwise determines, anygrant. No portion of an Annual Award or Initial Award or Subsequent Award whichthat is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable. All of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.thereafter.
Vesting. EachAll Initial Awards and Annual Awards (referred to collectively as the “Awards”) shall be granted under and subject to the Company’s 2016 Omnibus Incentive Plan or such other comparable equity incentive plan of the Company that is then in effect (such applicable plan, the “Plan”) and shall be subject to the following terms: # each Award that is a non-qualified stock option shall expire after 10 years; # each Initial Award shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Award shall be fully vestedcommence vesting on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Director through each such vesting date. Each Subsequent Award shall vest and become exercisable on the earlier of the first anniversary of the date of grant or the day immediately prior to the date of the next annual meetingappointment or election of the applicable Non-Employee Director, and each Annual Award shall commence vesting on the date of the applicable Annual Meeting of Stockholders of the Company; # each Award shall vest as follows: one-quarter of the total shares of the Company’s stockholders occurring after the date of grant, in either casecommon stock subject to the Award shall vest one year after the vesting commencement date of the Award and 1/16th of the total shares of the Company’s common stock subject to the Award shall vest at the end of every three-month period thereafter, subject to the applicable Non-Employee Director continuing inDirector’s continued service onfor the Board as a Non-Employee Director throughCompany on each such vesting date. Unless the Board otherwise determines, any portion of an Initialdate; and # each Award or Subsequent Award which is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable. All of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately priorsubject to the occurrence of a Change in Control (as definedall other terms set forth in the Equity Plan), toapplicable form of award agreement under the extent outstanding at such time.Plan that has been approved by the Board.
Vesting.Initial Options. Each Initial AwardOption shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial AwardOption shall be fully vested on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Director through each such vesting date. Each Subsequent Award shall vest and become exercisable on the earlier of the first anniversary of the date of grant or the day immediately prior to the date of the next annual meeting of the Company’s stockholders occurring after the date of grant, in either case subject to the Non-Employee Director continuing in service on the Board as a Non-Employee Director through each such vesting date. Unless the Board otherwise determines, any portion of an Initial Award or Subsequent Award which is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable. All of a Non-Employee Director’s outstanding Initial Awards and Subsequent Awards shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.
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