Prorated Annual Award means an Award granted under Section 10(b).
Examples of Prorated Annual Award in a sentence
No portion of an IPO Award, Annual Award or Prorated Annual Award that is unvested or unexercisable at the time of a Non-Employee Directors termination of service on the Board shall become vested or exercisable thereafter.
Notwithstanding anything to the contrary in this Policy, each IPO Award, Annual Award and Prorated Annual Award shall be subject to the terms and conditions of the Equity Plan and the Additional Terms.
Each Annual Award and each Prorated Annual Award shall vest and become exercisable on the date of the first Annual Meeting held following the grant date of such Annual Award or Prorated Annual Award, as applicable, in each case subject to the Non-Employee Director continuing in service on the Board through such vesting date.