Vesting; Certain Conditions Precedent Sample Clauses

Vesting; Certain Conditions Precedent. (a) All Shares held by the Employee as of the date hereof are defined as Unvested Shares for purposes of this Agreement unless and until they shall become Vested Shares in accordance with this Section 2. Subject to the determination of the Board of Directors of the Company to accelerate the vesting schedule hereunder in its sole discretion and as otherwise set forth below, the Unvested Shares shall become Vested Shares according to the following schedule, provided the Employee remains in the employment of the Company or Voyager:_____ Shares shall vest on _______ __, 2000, _____ Shares shall vest on _______ __, 2001, _____ Shares shall vest on _______ __, 2002 and _____ Shares shall vest on _______ __, 2003. Notwithstanding the foregoing, the vesting schedule set forth above shall become accelerated and all of the Shares shall become fully vested upon (i) the consummation of the first underwritten public offering of the Common Stock or (ii) a Change in Control (as defined in the Plan).
Sample 1
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Related to Vesting; Certain Conditions Precedent

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Effectiveness; Conditions Precedent The effectiveness of this Amendment and the amendments to the Credit Agreement herein provided are subject to the satisfaction of the following conditions precedent:

  • Other Conditions Precedent Each of the conditions set forth in Sections 4.1.4, 4.1.5, 4.1.6 and 4.1.10 shall have been satisfied unless the failure of any such condition to be satisfied is the result of any action or inaction by Mortgagee.

  • Certain Conditions Except as otherwise provided in Sections 2.2.4 and 2.3.4 of this Agreement, no Lender shall have an obligation to make any Loan, or to permit the continuation of or any conversion into any LIBOR Loan, and the Issuing Lender shall not have any obligation to issue any Letter of Credit, if an Event of Default or Unmatured Event of Default exists.

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Waiver of conditions precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Conditions Precedent/Effectiveness Conditions This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel):

  • Purchaser’s Conditions Precedent Except as may be waived in writing by Purchaser, the obligations of Purchaser hereunder are subject to the fulfillment at or prior to the Closing of each of the following conditions:

  • Buyer’s Conditions Precedent The obligations of Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

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