{"component": "clause", "props": {"groups": [{"samples": [{"hash": "8J1OuegZQ8E", "uri": "/contracts/8J1OuegZQ8E#additional-vesting", "label": "Employment Agreement (Great Lakes Dredge & Dock CORP)", "score": 28.3347015381, "published": true}, {"hash": "gQ2UdWTJx7g", "uri": "/contracts/gQ2UdWTJx7g#additional-vesting", "label": "Employment Agreement (Great Lakes Dredge & Dock CORP)", "score": 28.1594791412, "published": true}, {"hash": "iYiLDMSkx5G", "uri": "/contracts/iYiLDMSkx5G#additional-vesting", "label": "Employment Agreement (Great Lakes Dredge & Dock CORP)", "score": 26.5879535675, "published": true}], "snippet": "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:", "snippet_links": [{"key": "in-addition-to", "type": "clause", "offset": [0, 14]}, {"key": "to-executive", "type": "definition", "offset": [45, 57]}, {"key": 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though such date.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [39, 54]}, {"key": "equity-awards", "type": "clause", "offset": [61, 74]}, {"key": "following-the-termination-date", "type": "clause", "offset": [141, 171]}, {"key": "employed-by-the-company", "type": "definition", "offset": [201, 224]}], "size": 2, "hash": "335f45e434b4e14b14f309e10eaf40c9", "id": 4}, {"samples": [{"hash": "4c5aIhpvUX4", "uri": "/contracts/4c5aIhpvUX4#additional-vesting", "label": "Share Unit Grant Agreement (Valeant Pharmaceuticals International, Inc.)", "score": 26.1498966217, "published": true}], "snippet": "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 you remain employed by the Company through the applicable vesting date.", "snippet_links": [{"key": "share-units", "type": "definition", "offset": [4, 15]}, {"key": "primary-measurement", "type": "definition", "offset": [129, 148]}, {"key": "applicable-dates", "type": "clause", "offset": [263, 279]}, {"key": "one-year", "type": "definition", "offset": [288, 296]}, {"key": "adjusted-share-price", "type": "definition", "offset": [352, 372]}, {"key": "applicable-measurement-date", "type": "definition", "offset": [380, 407]}, {"key": "provided-that", "type": "definition", "offset": [409, 422]}, {"key": "employed-by-the-company", "type": "definition", "offset": [434, 457]}, {"key": "applicable-vesting-date", "type": "definition", "offset": [470, 493]}], "size": 2, "hash": "3138b8af34b359376f4e6643c1685920", "id": 5}, {"samples": [{"hash": "eeCs9IzhyAJ", "uri": "/contracts/eeCs9IzhyAJ#additional-vesting", "label": "Settlement Agreement (Genesis Microchip Inc /De)", "score": 19.0, "published": true}], "snippet": "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\u2019s outstanding options to purchase Company common stock (the \u201cOptions\u201d) represented by the Stock Option Agreements, subject to certain restrictions. The Compensation Committee of the Company\u2019s Board of Directors (the \u201cCommittee\u201d) will meet with Employee in person or by telephone on a rolling basis every two months, commencing two months after July 31, 2003 and ending one year from July 31, 2003. Employee agrees to make himself reasonably available in person or by telephone 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 \u201cReview Period\u201d). The Committee agrees to meet with Employee every two months in person or by telephone, 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\u2019s communications, if any, regarding the Company during such period. If the Committee determines in its sole and absolute discretion that Employee\u2019s 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\u2019s 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 2(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\u2019s 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 in person or by telephone 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 preceding Review Period so that the Committee may assess Employee\u2019s communications. The Parties agree that no options will be impacted by truthful testimony provided in a formal hearing or deposition in a court or regulatory proceeding.", "snippet_links": [{"key": "release-of-claims", "type": "clause", "offset": [36, 53]}, {"key": "the-company-agrees-to", "type": "clause", "offset": [75, 96]}, {"key": "the-opportunity", "type": "clause", "offset": [111, 126]}, {"key": "twelve-months", "type": "definition", "offset": [154, 167]}, {"key": "options-to-purchase-company-common-stock", "type": "clause", "offset": [216, 256]}, {"key": "represented-by", "type": "definition", "offset": [273, 287]}, {"key": "stock-option-agreements", "type": "clause", "offset": [292, 315]}, {"key": "subject-to", "type": "definition", "offset": [317, 327]}, {"key": "certain-restrictions", "type": "definition", "offset": [328, 348]}, {"key": "the-compensation-committee", "type": "clause", "offset": [350, 376]}, {"key": "of-the-company", "type": "clause", "offset": [377, 391]}, {"key": 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Agreement (Microfinancial Inc)", "score": 16.0, "published": true}], "snippet": "In addition to the vesting schedule listed above, the Restricted Shares shall vest and become nonforfeitable in accelerated increments as follows (provided the Restricted Stockholder is employed by the Corporation at the time of vesting):\n(i) In the event that the Fair Market Value of Common Stock is above $1.00 but at or below $1.20 for five (5) consecutive trading days, ten percent (10%) of the Restricted Shares shall vest and become nonforfeitable as of the fifth day;", "snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [0, 18]}, {"key": "vesting-schedule", "type": "definition", "offset": [19, 35]}, {"key": "the-restricted-shares", "type": "clause", "offset": [50, 71]}, {"key": "restricted-stockholder", "type": "definition", "offset": [160, 182]}, {"key": "by-the-corporation", "type": "clause", "offset": [195, 213]}, {"key": "time-of-vesting", "type": "clause", "offset": [221, 236]}, {"key": "in-the-event", "type": "clause", "offset": [243, 255]}, {"key": "fair-market-value-of-common-stock", "type": "definition", "offset": [265, 298]}, {"key": "trading-days", "type": "definition", "offset": [361, 373]}], "size": 1, "hash": "527657af77b34e4e4da7ee81efa84533", "id": 7}, {"samples": [{"hash": "5bQv8yECadr", "uri": "/contracts/5bQv8yECadr#additional-vesting", "label": "Nonqualified Stock Option Agreement (NewPage Group Inc.)", "score": 21.0, "published": true}], "snippet": "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.", "snippet_links": [{"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [0, 26]}, {"key": "vesting-provisions", "type": "definition", "offset": [44, 62]}, {"key": "section-4", "type": "definition", "offset": [81, 90]}, {"key": "in-addition-to", "type": "clause", "offset": [100, 114]}, {"key": "in-lieu-of", "type": "clause", "offset": [124, 134]}, {"key": "pursuant-to-section-2", "type": "clause", "offset": [173, 194]}, {"key": "this-agreement", "type": "clause", "offset": [198, 212]}], "size": 1, "hash": "9c10fe13963c3a3264e8731186c15351", "id": 8}, {"samples": [{"hash": "9G3ufFpuZ6", "uri": "/contracts/9G3ufFpuZ6#additional-vesting", "label": "Employee Restricted Shares Agreement (Tollgrade Communications Inc \\Pa\\)", "score": 21.0, "published": true}], "snippet": "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.", "snippet_links": [{"key": "the-restricted-shares", "type": "clause", "offset": [7, 28]}, {"key": "a-change-of-control-of-the-company", "type": "clause", "offset": [56, 90]}, {"key": "upon-the-death", "type": "clause", "offset": [94, 108]}, {"key": "disability-or-retirement", "type": "clause", "offset": [110, 134]}, {"key": "the-participant", "type": "clause", "offset": [138, 153]}], "size": 1, "hash": "28607443ce2d29d2194072ae8271f64b", "id": 9}, {"samples": [{"hash": "kE4gJXOGMH4", "uri": "/contracts/kE4gJXOGMH4#additional-vesting", "label": "Non Qualified Stock Option Agreement (374Water Inc.)", "score": 34.7837104797, "published": true}], "snippet": "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\u2019s 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.", "snippet_links": [{"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [0, 40]}, {"key": "in-this-agreement", "type": "definition", "offset": [41, 58]}, {"key": "a-change-of-control", "type": "clause", "offset": [80, 99]}, {"key": "chief-executive-officer", "type": "clause", "offset": [137, 160]}, {"key": "termination-of-participant", "type": "clause", "offset": [187, 213]}, {"key": "continuous-service", "type": "definition", "offset": [216, 234]}, {"key": "other-than-for-cause", "type": "clause", "offset": [248, 268]}, {"key": "termination-of-employment", "type": "definition", "offset": [345, 370]}, {"key": "election-of", "type": "clause", "offset": [388, 399]}, {"key": "the-option", "type": "clause", "offset": [414, 424]}, {"key": "fully-vest", "type": "definition", "offset": [430, 440]}], "size": 1, "hash": "73845c2321e6bdc811fbd7dc9bea4937", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhthZGRpdGlvbmFsLXZlc3RpbmcjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["obligations-upon-termination-of-employment", "Obligations Upon Termination of Employment"], ["termination-of-employment", "Termination of Employment"], ["severance-payments-upon-covered-termination", "Severance Payments upon Covered Termination"], ["vesting", "Vesting"], ["consideration", "Consideration"]], "title": "Additional Vesting", "children": [["death-or-disability", "Death or Disability"], ["retirement", "Retirement"], ["change-in-control", "Change in Control"], ["non-renewal", "Non-Renewal"], ["termination-by-the-company-without-cause", "Termination by the Company Without Cause"]], "size": 47, "id": "additional-vesting", "related": [["equity-vesting", "Equity Vesting", "Equity Vesting"], ["normal-vesting", "Normal Vesting", "Normal Vesting"], ["option-vesting", "Option Vesting", "Option Vesting"], ["accelerated-vesting", "Accelerated Vesting", "Accelerated Vesting"], ["stock-vesting", "Stock Vesting", "Stock Vesting"]], "related_snippets": [], "updated": "2026-03-27T05:59:05+00:00", "also_ask": [], "drafting_tip": null, "explanation": "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\u2014such as achieving certain performance milestones, company acquisition, or extended service\u2014that 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\u2019s success, while also providing flexibility to reward exceptional performance or retain valuable personnel."}, "json": true, "cursor": ""}}