Additional Vesting Sample Clauses
The Additional Vesting clause defines circumstances under which an employee or stakeholder may receive extra equity or benefits beyond the standard vesting schedule. Typically, this clause outlines specific events—such as achieving certain performance milestones, company acquisition, or extended service—that trigger accelerated or increased vesting of shares or options. Its core practical function is to incentivize key contributors and align their interests with the company’s success, while also providing flexibility to reward exceptional performance or retain valuable personnel.
Additional Vesting. In addition to any amounts otherwise payable to Executive upon a separation from service, if Executive incurs any of the events below, he will be granted additional vesting, as described below:
Additional Vesting. The vesting and, if applicable, exercisability shall be accelerated effective as of immediately prior to such termination date with respect to that number of shares subject to Executive’s then outstanding equity awards that would have become vested and, if applicable, exercisable during the six (6) month period plus one additional month for each full year of Executive’s service to the Company following the termination date as if Executive had remained employed by the Company through such date.
Additional Vesting. As an additional severance benefit, if the Company terminates the Consulting Agreement for convenience prior to twelve (12) months from the effective date of the Consulting Agreement (the “First Anniversary”), the vesting of your options and restricted stock award will continue until the earlier of (i) the First Anniversary or (ii) the Artiva Biotherapeutics, Inc. | ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Suite 200, San Diego CA 92121
Additional Vesting. As additional consideration for the release of claims as set forth herein, the Company agrees to give Employee the opportunity to earn up to a maximum of twelve months of additional vesting on Employee’s outstanding options to purchase Company common stock (the “Options) represented by the Stock Option Agreements, subject to certain restrictions. The Compensation Committee of the Company’s Board of Directors (the “Committee”) will meet with Employee on a rolling basis every two months, commencing two months after June 30, 2002 and ending one year from June 30, 2002. Employee agrees to make himself reasonably available to meet with the Committee at a mutually agreed upon time and place, at which time Employee will provide information regarding communications, if any, he has had regarding the Company in the prior two-month period (the “Review Period”)). The Committee agrees to meet with Employee every two months, on a date no later than thirty (30) days after the last day of the second month of the applicable Review Period in order to assess Employee’s communications, if any, regarding the Company during such period. If the Committee determines in its sole and absolute discretion that Employee’s communications, if any, regarding the Company are acceptable, two months of the Options will vest and become exercisable as if Employee had continued providing services to the Company for such two-month Review Period and Employee will be eligible to continue to earn additional vesting in two-month increments. If during the initial Review Period or at any time thereafter, the Committee determines that Employee’s communications regarding the Company are not acceptable, there will be no additional vesting and all future opportunities for additional vesting of the Options will be permanently forfeited, including any opportunity for accelerated vesting provided for pursuant to Paragraph 1(c)(ii) below. Unless the Committee and Employee agree to an alternate meeting date after a Review Period, if the Committee fails to meet with Employee on a date no later than thirty (30) days after the last day of the second month of the Review Period due to the Committee’s failure to propose a meeting date, two months of the Options will vest and become exercisable as if Employee had continued providing services to the Company. However, upon the request of the Committee, Employee agrees that he shall nonetheless make himself reasonably available to meet with the Committee at a mutually ...
Additional Vesting. Any Share Units that could have been vested under any of clauses (i), (ii) or (iii) above that do not become vested on the First Primary Measurement Date, the Second Primary Measurement Date or the Third Primary Measurement Date, may become vested on each of the applicable dates that is one year following each such date, respectively, based upon the Adjusted Share Price on the applicable measurement date, provided that Participant remains employed by the Company through the applicable vesting date.
Additional Vesting. All of the Restricted Shares shall vest in the event of a Change of Control of the Company or upon the death, Disability or Retirement of the Participant.
Additional Vesting. For the avoidance of doubt, the accelerated vesting provisions set forth in this Section 4 shall be in addition to, and not in lieu of, any vesting (or accelerated vesting) pursuant to Section 2 of this Agreement.
Additional Vesting. If, within 12 months after a Change in Control, the Company terminates the Employee’s Employment for any reason other than Cause or he resigns for Good Reason, then all shares of the Company’s Common Stock subject to the Warrant shall vest.
Additional Vesting. Notwithstanding anything to the contrary in this Agreement, (i) in the event of a Change of Control, (ii) upon the hiring of a full-time Chief Executive Officer for 374Water, or (iii) or termination of Participant’s Continuous Service for a reason other than for Cause (provided, however, this Section 2.2(iii) shall not apply in the event of a termination of employment made at the sole election of Participant), the Option will fully vest immediately.
Additional Vesting. Subject to the terms and conditions set forth in this Agreement and in addition to any Option Shares which vest pursuant to Sections 1.2 and 1.3, the Option Shares will vest pursuant to the following (such total number of Options Shares that vest pursuant to this Section 1.4, the "ADDITIONAL VESTED SHARES"):
(a) if the Year 1999 Premium Amount is greater than $215,000,000 and the Year 2000 Premium Amount is less than $215,000,000, then the number of Option Shares to vest as of January 1, 2001 will equal the lesser of (i) the difference of 50% of the Option Shares minus the Year 2000 Vested Shares or (ii) to the product of (A) 50% of the Option Shares multiplied by (B) a fraction consisting of a numerator equal to (1) the difference of the Year 1999 Premium Amount minus $215,000,000 and (2) a denominator equal to $215,000,000; provided, however, that if the Year 2000 Premium Amount is less than $182,750,000, then the numerator will equal the greater of zero or the difference of (I) the difference of the Year 1999 Premium Amount minus $215,000,000, minus (II) the difference of $182,750,000 minus the Year 2000 Premium Amount.
(b) if the Year 2000 Premium Amount is greater than $215,000,000 and the Year 1999 Premium Amount is less than $215,000,000, then the number of Option Shares to vest as of January 1, 2001 will equal the lesser of (i) the difference of 50% of the Option Shares minus the Year 1999 Vested Shares or (ii) to the product of (A) 50% of the Option Shares multiplied by (B) a fraction consisting of a numerator equal to (1) the difference of the Year 2000 Premium Amount minus $215,000,000 and (2) a denominator equal to $215,000,000; provided, however, that if the Year 1999 Premium Amount is less than $182,750,000, then the numerator will equal the greater of zero or the difference of (I) the difference of the Year 2000 Premium Amount minus $215,000,000, minus (II) the difference of $182,750,000 minus the Year 1999 Premium Amount.
(c) if (i) either of the Year 1999 Premium Amount or the Year 2000 Premium Amount is less than $182,750,000 and (ii) the sum of the Year 1999 Premium Amount plus the Year 2000 Premium Amount is greater than $365,500,000, then the number of Option Shares to vest as of January 1, 2001 will equal 42.5% of the Option Shares.