Warrant Vesting Clause Samples
A Warrant Vesting clause defines the schedule and conditions under which warrants—rights to purchase company stock at a set price—become exercisable by the holder. Typically, this clause outlines a timeline or milestones, such as time-based vesting over several years or performance-based triggers, that must be met before the holder can exercise their warrants. Its core practical function is to incentivize continued engagement or performance by the warrant holder, while protecting the company from immediate dilution or unearned equity grants.
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Warrant Vesting. Company shall grant to InfoSpace a warrant (the "Warrant") to purchase 250,000 shares of the Company's common stock for a price of $15 per share (subject to adjustment as provided in Exhibit C). The Warrant shall vest quarterly commencing on September 30, 1999 and shall have an exercise period of one year commencing one year from the Effective Date. The terms of the Warrant shall be substantially as set forth in the form of warrant attached hereto as Exhibit C.
Warrant Vesting. The parties acknowledge that upon the execution of --------------- this Omnibus Amendment by both parties, the 1,000,000 Shares referenced in subclause (b) of Section 2.7 of the Warrant shall vest in accordance with the terms thereof.
Warrant Vesting. Any warrants to which Walmart is entitled under the Warrant Agreement, a copy of which is attached hereto and made a part hereof, shall vest upon satisfaction of its obligations described in such Warrant Agreement.
Warrant Vesting. Syntroleum agrees that the Warrants issued to Tyson to purchase 4,250,000 Shares pursuant to Schedule 1 of the Warrant Agreement shall vest on the Effective Date of this Agreement and be exercisable by Tyson in accordance with the terms of the Warrant Agreement.
Warrant Vesting. Solely with respect to the issuance of 329,670 shares of Warrant Stock issuable pursuant to this Warrant (as adjusted from time to time hereunder, the “First Tranche Deferred Warrant Stock”), this Warrant shall not be exercisable unless and until the IP Monetization Milestones (as such term is defined in the Loan Agreement) have been achieved, it being understood that this Section 9A shall cease to be effective, and this Warrant shall become exercisable with respect to all shares of Warrant Stock issuable hereunder, other than the Second Tranche Deferred Warrant Stock (as defined below), immediately and automatically upon achievement of the IP Monetization Milestones. Following such time as the IP Monetization Milestones have been achieved, the Company shall, upon request by the Registered Holder, issue to the Registered Holder, in replacement of this Warrant, a new warrant certificate in form and substance identical to this Warrant, but with this Section 99A having been removed.
Warrant Vesting. Warrants will be earned and issued each time that a new threshold has been reached on a cumulative basis. For example, assume that PI has previously delivered Qualifying Contracts with a cumulative 425 Megawatts of delivered load reduction. At that point, PI would have been issued Warrants for an aggregate of 480,000 shares of Common Stock (Tranche 4). If PI then delivers a new Qualifying Contract with 150 Megawatts of delivered load reduction (for a cumulative total of 575 Megawatts), Comverge would issue an additional Warrant for 120,000 shares. Qualifying Contracts must be entered into on or before the fifth (5th) anniversary of the Effective Date of the Master Agreement in order to qualify under this Warrant Agreement. Warrants earned hereunder will be fully vested when issued.