Common use of Time-Based RSUs Clause in Contracts

Time-Based RSUs. 1. An aggregate of 250,000 RSUs shall vest as follows: a. 85,000 RSUs will vest subject to the Service Requirement (defined below) on December 31, 2022; b. 80,000 RSUs will vest subject to the Service Requirement on December 31, 2023; and c. 85,000 RSUs will vest subject to the Service Requirement on December 31, 2024. 2. As used herein, the “Service Requirement” shall mean that the Executive remains employed by the Company pursuant to this Agreement on the vesting date.

Time-Based RSUs. 1. An aggregate of 250,000 up to 100,000 RSUs shall vest as follows: a. 85,000 75,000 RSUs will vest subject to the Service Requirement (defined below) on December 31, 2022;; and b. 80,000 25,000 RSUs will vest subject to the Service Requirement on December 31, 2023; and c. 85,000 RSUs will vest subject to the Service Requirement on December 31, 2024. 2. As used herein, the “Service Requirement” shall mean that the Executive remains employed by the Company pursuant to this Agreement on the vesting date.

Time-Based RSUs. 1. An aggregate of 250,000 up to 375,000 RSUs shall vest as follows: a. 85,000 225,000 RSUs will vest subject to the Service Requirement (defined below) on December 31, 2022; b. 80,000 75,000 RSUs will vest subject to the Service Requirement on December 31, 2023; and c. 85,000 75,000 RSUs will vest subject to the Service Requirement on December 31, 2024. 2. As used herein, the “Service Requirement” shall mean that the Executive remains employed by the Company pursuant to this Agreement on the vesting date.