Reverse Vesting definition

Reverse Vesting means, with respect to an Option, that an Option is or was fully exercisable but that, subject to a "reverse" vesting schedule, the Company has a right to repurchase the Option Shares as specified in Section 15.2(a), with the Company's right of repurchase expiring in accordance with the "forward" vesting schedule that would otherwise have applied to the Option under which the Option Shares were purchased or other vesting schedule described in the Award Agreement. With respect to a Restricted Stock Award, Reverse Vesting means that the Company has a right to repurchase the Award Shares purchased pursuant to the Restricted Stock Award, as specified in Section 15.2(a), with the Company's right of repurchase expiring in accordance with the vesting schedule in the Award Agreement.

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Reverse Vesting means that an Option is or was fully exercisable but that, subject to a “reverse” vesting schedule, the Company has a right to repurchase the Option Shares as specified in Section 16.2(a), with the Company’s right of repurchase expiring in accordance with a “forward” vesting schedule that would otherwise have applied to the Option under which the Option Shares were purchased or in accordance with some other vesting schedule described in the Award Agreement.

Reverse Vesting means that an Option is or was fully exercisable but that, subject to a “reverse” vesting schedule, the Company has a right to repurchase the Option Shares

Examples of Reverse Vesting in a sentence

Reverse Vesting (per Plan Section): o Allowed in accordance with Section 6 of the Plan.
Shares subscribed to under this Agreement shall ‘vest’ according to an incremental four-year Reverse Vesting scheme.
The Cash Consideration shall subsequently be transferred from the Proposal Trustee to ResidualCo pursuant to the Approval and Reverse Vesting Order, in full and final payment and satisfaction of the Purchaser’s obligations hereunder, on the Closing Date and in accordance with the Closing Sequence.
This Option shall have, and be interpreted according to, the following terms, subject to the provisions of the Plan in all instances: Name of Participant: ▇▇▇▇▇▇ Army Type of Stock Option: ☑ Incentive Stock Option (ISO)1 ☐ Non-qualified Stock Option2 Number of Shares subject to Option: Option Exercise Price per Share: (at least Fair Market Value) Grant Date: Reverse Vesting (per Plan Section ): ☐Allowed in accordance with Section 6(i) of the Plan.
This Option shall have, and be interpreted according to, the following terms, subject to the provisions of the Plan in all instances: Type of Stock Option: o Incentive Stock Option (ISO) o Non-Incentive Stock Option Number of Shares subject to Option: Option Exercise Price per Share: Grant Date: Reverse Vesting (per Plan Section 6(i)): ¨ Allowed in accordance with Section 6(i) of the Plan.
This Option shall have, and be interpreted according to, the following terms, subject to the provisions of the Plan in all instances: Name of Participant: ###PARTICIPANT_NAME### Type of Stock Option: ###DICTIONARY_AWARD_NAME### 1,2 Number of Shares subject to Option: ###TOTAL_AWARDS### Option Exercise Price per Share: ###GRANT_PRICE### Grant Date: ###GRANT_DATE### Reverse Vesting: Not allowed.
This Option shall have, and be interpreted according to, the following terms, subject to the provisions of the Plan in all instances: Name of Participant: Type of Stock Option: Non-Qualified Stock Option Number of Shares subject to Option: Option Exercise Price per Share1: Grant Date: Reverse Vesting (per Plan Section ): ¨ Allowed in accordance with Section 6 of the Plan.
The Company will promptly inform counsel for the Investor of any and all threatened or actual objections to the motion for the issuance of the Approval and Reverse Vesting Order, of which it becomes aware, and will promptly provide to the Investor a copy of all written objections received.
In the event that there is a change of control of the Company as defined in the Income Tax Act of Canada, then the terms of this Reverse Vesting provision will have no further effect and the Company will have no further ability to repurchase any of the shares held by any of the Shareholders.
This Agreement has been duly executed and delivered by the Investor and constitutes a legal, valid and binding obligation of such Investor, enforceable against it in accordance with its terms except in each case as such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect relating to creditors’ rights generally or general principles of equity and subject only to the Approval and Reverse Vesting Order.

More Definitions of Reverse Vesting

Reverse Vesting means, with respect to an Option, that an Option is

Reverse Vesting means the right of an Optionee to exercise an Option before it has vested, receiving in exchange Shares that are subject to a right of repurchase by the Company at the Option Price for the remainder of the vesting period.

Reverse Vesting means (i) in the case of an Option, that an Option is or was fully exercisable but that, subject to a reverse vesting schedule, the Company has a right to repurchase the Shares, with the Company’s right of repurchase expiring in accordance with a forward vesting schedule that would otherwise have applied to the Option under which the Shares were acquired or in accordance with some other vesting schedule described in the Award Agreement; and (ii) in the case of an Award of Restricted Stock, Performance Stock or other Award of Shares, that the Company has a right to repurchase the Shares acquired pursuant to such an Award, with the Company’s right to repurchase expiring in accordance with the vesting schedule in the Award Agreement.

Reverse Vesting means that the shares of Common Stock subject to an Award are subject to a right of forfeiture with the right of forfeiture expiring in accordance with the vesting schedule in Section 6(c).

Reverse Vesting means that an Option is or was fully exercisable but that, subject to a “reverse” vesting schedule, the Company or an Affiliate

Reverse Vesting means that an Option is or was fully exercisable but that, subject to a "reverse" vesting schedule, the Company has a right to repurchase the Option Shares as specified in Section 16.2(a), with the Company's right of repurchase expiring in accordance with a "forward" vesting