Common use of Stock Vesting Clause in Contracts

Stock Vesting. Unless otherwise approved by the Board of Directors, including the Directors designated by the holders of the Preferred Stock, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) years.

Appears in 2 contracts

Samples: Investor Rights Agreement (Instructure Inc), Investor Rights Agreement (Instructure Inc)

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Stock Vesting. Unless otherwise approved unanimously by the Board of Directors, including the Directors designated by the holders of the Preferred Stock, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) years.

Appears in 1 contract

Samples: Investor Rights Agreement (Zagg INC)

Stock Vesting. Unless otherwise approved by the Board of Directors, including at least one of the Directors designated directors elected solely by the holders of the Preferred StockSeries Preferred, all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to four year vesting as follows: (a) twenty-five percent (25%) % of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) % of such stock shall vest in equal monthly installments over the remaining subsequent three (3) years.

Appears in 1 contract

Samples: ’ Rights Agreement (Neothetics, Inc.)

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Stock Vesting. Unless otherwise approved by the Board of Directors, Directors (including the Directors designated directors elected by the holders of the Preferred StockShares), all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest monthly over the remaining three (3) years.

Appears in 1 contract

Samples: Voting Agreement (ARCA Biopharma, Inc.)

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