Common use of Equity Matters Clause in Contracts

Equity Matters. All equity awards Employee received or may be eligible to receive from the Company shall be governed by the terms of such awards’ applicable restrictive stock agreements and plan documents, including, but not limited to, the 2019 AlloVir (formerly ViraCyte) Stock Plan, (collectively, and as any may be amended, the “Equity Documents”); notwithstanding the provisions in the Equity Documents, in the event of a Sale Event as that term is defined in the 2019 AlloVir (formerly ViraCyte) Stock Plan all unvested equity shall vest upon the closing of such a Sale Event.

Appears in 2 contracts

Sources: Executive Employment Agreement (Allovir, Inc.), Executive Employment Agreement (Allovir, Inc.)

Equity Matters. All equity awards Employee received or may be eligible to receive from the Company shall be governed by the terms of such awards’ applicable restrictive stock agreements and plan documents, including, but not limited to, the 2019 AlloVir (formerly ViraCyte) Stock Plan, (collectively, and as any may be amended, the “Equity Documents”); notwithstanding the provisions in the Equity Documents, in the event of a Sale Event as that term is defined in the 2019 AlloVir (formerly ViraCyte) Stock Plan all unvested equity shall vest upon the closing of such a Sale Event.

Appears in 1 contract

Sources: Executive Employment Agreement (Allovir, Inc.)