Sonder definition

Sonder. “we,” “our” or “us”) is giving eligible employees of ▇▇▇▇▇▇ and members of our company group the opportunity to have the per share exercise price of some or all of their eligible options (as described below) repriced to be equal to the closing price of a share of our common stock on Nasdaq on the date on which the Offer expires, which is expected to be 9:00 p.m., Pacific Time, on November 15, 2022, unless we extend such date (such date of expiration, the “expiration date”). For purposes of the Offer, “eligible options” means stock options granted under our 2019 Equity Incentive Plan, as amended (the “2019 Plan”) or our 2021 Equity Incentive Plan, as amended (the “2021 Plan”), with a per share exercise price greater than the closing price of a share of our common stock on the expiration date of the Offer, whether vested or unvested, that are outstanding at the start of the Offer and remain outstanding and unexercised through the expiration of the Offer. All employees of Sonder or a member of our company group who hold eligible options and remain employed through the expiration date may participate in the Offer (“eligible employees”). Consultants and non-employee members of our board of directors will not be eligible to participate. Each eligible option which is repriced (each, a “repriced option”) will generally be subject to the same terms applicable to such repriced option prior to the repricing, except (i) on the expiration date, the per share exercise price of such repriced option will be lowered to be equal to the closing price of a share of our common stock on Nasdaq on such date (the date of the repricing, the “repricing date”), and (ii) the vesting schedule of such repriced option will be modified as follows: (a) the repriced option will become 100% unvested as of the repricing date, and (b) on the date that is 6 months following the repricing date (or 12 months following the repricing date with respect to an eligible employee listed on Schedule C of this Offer to Reprice (the “eligible officers”)) (the date a repriced option commences vesting, as applicable, the “vesting cliff date”), a number of shares subject to the repriced option will vest equal to the number of shares subject to the repriced option that would have been vested on the applicable vesting cliff date if such eligible option had not been tendered for repricing (including shares subject to the repriced option that were vested as of the repricing date and shares subject to the reprice...

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Sonder shall have the meaning given in the Preamble.

Sonder refers to Sonder Holdings Inc.

Examples of Sonder in a sentence

• Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when in writing and so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: Sonder Holdings Inc.

• As a full-time employee, you will continue to be eligible to participate in Sonder USA’s standard benefit plans as in effect from time to time, on the same basis as those benefit plans are generally made available to other similarly situated executives of Sonder USA.

• You acknowledge and agree that your employment with Sonder USA will be “at-will” employment and may be terminated at any time with or without cause or notice.

• Any eligibility to participate in such benefits plans, as well as the terms thereof, shall be as set forth in the governing documents for such plans, or there are no such governing documents, in Sonder USA’s policies.

• You will be entitled to receive prompt reimbursement for all reasonable expenses incurred by you in the furtherance of or in connection with the performance of your duties hereunder, in accordance with the applicable policy of Sonder USA, as in effect from time to time.

• You understand and agree that neither your job performance nor commendations, bonuses, or the like from any member of the Company Group give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of your employment with Sonder USA or any other member of the Company Group.

• Masuka, B., Araus, J.L., Das, B., Sonder, K., & Cairns, J.E. (2012).

• While you render services to the Company, Sonder USA Inc., or their applicable affiliates (the “Company Group”) you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) without the prior approval of the Company’s Human Resources Department (“HR”).

• In the event that any expense reimbursements are taxable to you, such reimbursements will be made in the time frame specified by Treasury Regulation Section 1.409A-3(i)(1)(iv) unless another time frame that complies with or is exempt from Section 409A is specified in Sonder USA’s expense reimbursement policy.

• Sonder intends for its time off benefits, and will interpret and apply its time off benefits, to comply with all national, state, and local laws.

More Definitions of Sonder

Sonder or the “Company”) maintains a policy of arbitration as a condition of employment. By accepting and/or continuing employment with ▇▇▇▇▇▇, you agree to arbitration as the exclusive method for economically and efficiently resolving the disputes and/or claims set forth in Section 3 below. Under this Agreement, you and the Company (collectively, the “Parties”) hereby agree as follows:

Sonder means Sonder Holdings Inc., a Delaware corporation.

Sonder means the realization that each random passer-by is living a life as vivid and complex as your own.