Service Condition and Forfeiture. In order for any Shares hereunder to become Eligible Shares and to vest, Participant must have continuously satisfied the Service Condition through the applicable Achievement Date, and continue to satisfy the Service Condition through the Vesting Date or experience an Acceleration Event after the Achievement Date but before the Vesting Date. Except with respect to any Eligible Shares that may vest on an Acceleration Event in accordance with the prior sentence, on the Expiration Date, any outstanding Shares subject to this Award that have not vested immediately will be forfeited and returned to the Company, and Participant will have no further rights with respect to such Shares.
Service Condition and Forfeiture. In order for any Shares subject to the Option to vest, and subject to satisfying the other terms of this Option Agreement, Participant must have continuously satisfied the Service Condition through the applicable Achievement Date. If Participant fails to satisfy the Service Condition, any unvested Shares subject to the Option will immediately terminate and be forfeited for no consideration. Further, any Shares subject to the Option that are not vested as of the end of the Performance Period will immediately terminate and be forfeited for no consideration. Notwithstanding the foregoing, in the event of a Change in Role, Agreed Departure or a Qualifying Termination that occurs on or after the five (5) year anniversary of the Date of Grant, a portion of the unvested Shares subject to each Tranche will remain Vesting Eligible Shares and any unvested Shares that are not Vesting Eligible Shares will terminate for no consideration. The Vesting Eligible Shares will vest upon the satisfaction of the Company Stock Price Hurdle associated with such Tranche in accordance with the following: Vesting Eligibility Window Start Date Percentage of Unvested Shares Subject to each Unvested Tranche that will Remain Vesting Eligible Shares* Change in Role Agreed Departure or Qualifying Termination On or after the fifth (5th) anniversary of the Date of Xxxxx, but prior to the sixth (6th) anniversary of the Date of Grant 30 % 10 % On or after the sixth (6th) anniversary of the Date of Xxxxx, but prior to the seventh (7th) anniversary of the Date of Grant 35 % 15 % On or after the seventh (7th) anniversary of the Date of Xxxxx, but prior to the eighth (8th) anniversary of the Date of Grant 40 % 20 % On or after the eighth (8th) anniversary of the Date of Xxxxx, but prior to the ninth (9th) anniversary of the Date of Grant 45 % 25 % On or after the ninth (9th) anniversary of the Date of Xxxxx, but prior to the tenth (10th) anniversary of the Date of Grant 50 % 25 % *The unvested Shares in the applicable Tranche that are not Vesting Eligible Shares will terminate for no consideration on the date of the Change in Role, Agreed Departure or Qualifying Termination, as applicable.
Service Condition and Forfeiture. Except as otherwise provided in Sections 4 or 5, (a) in order for any Shares hereunder to become Eligible Shares, Participant must have continuously satisfied the Service Condition through the applicable Achievement Date, and (b) in order for any Eligible Shares to vest, Participant must satisfy the Service Condition through the applicable Vesting Date. Upon the end of each Measurement Period, any Shares subject to this Award that may no longer become Eligible Shares due to the failure to achieve the applicable Company Stock Price Target will be immediately forfeited and returned to the Company, and Participant will have no further rights with respect to such Shares.
Service Condition and Forfeiture. For any RSUs under this Agreement to vest, Participant must have continuously satisfied the Service Condition through the applicable Achievement Date. For purposes of clarity, if Participant satisfies the Service Condition on an applicable Achievement Date (which is not a Quarterly Vesting Date) but fails to satisfy the Service Condition on the first Quarterly Vesting Date occurring after such Achievement Date, any RSUs that vested on such Achievement Date will be settled in connection with such Quarterly Vesting Date. On the earliest of the date that the Participant fails to satisfy the Service Condition and the Expiration Date, any RSUs subject covered by this Agreement that have not vested will be forfeited and returned to the Company, and Participant will have no further rights with respect to such RSUs or the underlying Shares. [CEO/CTO Only:Notwithstanding the foregoing, if Participant fails to satisfy the Service Condition due to a termination of employment by the Company other than for Cause, a resignation by the Participant for Good Reason, or due to Participant’s death or Disability, the then-outstanding unvested RSUs will remain outstanding until the first to occur of the Expiration Date and the first anniversary of such termination of employment and will be eligible to vest through such date as though the Service Condition remained satisfied.]
