Vested Equity Clause Samples
Vested Equity. Employee represents and warrants that the table set forth below describes the vested equity Employee holds in the Company as of the Termination Date. Except as set forth in the table below, Employee acknowledges and agrees that they do not have any other rights to receive, acquire, possess, or vest into any additional shares, options, warrants, securities, derivative securities, Restricted Stock Units Performance except as stated in paragraph three (3), below. Employee understands and agrees that separation is other than due to a Change in Control and, as such, the unvested portion of any Equity shall immediately terminate and cease to be exercisable as of the Termination Date. Notwithstanding the foregoing, Employee agrees and understands that the exercise period and tax treatment of the vested stock options and RSUs set forth on the table below remain subject to the applicable award agreement and Equity Incentive Plan. Personal Vesting Summary as at 5/1/2024 3.
Vested Equity. Subject to the terms of this Final Release, if Executive remains employed by the Company through March 31, 2014, and has not engaged in New Employment prior to March 31, 2014, the Parties agree that for purposes of determining the number of shares of the Company’s common stock that Executive is entitled to purchase from the Company, pursuant to the exercise of outstanding options, or the number of shares of the Company’s common stock that are settled pursuant to the Stock Agreements, Executive will be considered to have vested in 186,883 options and restricted stock units as of March 31, 2014, and no more. For purposes of clarity, other than the August 2012 Awards, the Parties agree that Executive’s Stock Agreements that are subject to vesting will continue to vest during the Transition Period, subject to the terms of the Original Release. The exercise of Executive’s vested options and settlement of restricted stock unit award shares (other than the August 2012 Awards) shall continue to be governed by the terms and conditions of the Company’s Stock Agreements.
Vested Equity. Employee will be entitled to all vested equity pursuant to the previous equity grant(s) between the Company and Employee as of the date of Separation pursuant to the terms of the separate equity grant plan or program. Vesting of any equity will cease as of the date of Separation. All terms of the applicable equity agreement(s) between the Company and Employee shall apply. By signing this Agreement, Employee agrees that the Severance Benefits are additional compensation that Employee would not otherwise be entitled to and are not provided for under any Company policy, program, plan, or other arrangement or practice.
Vested Equity