Vesting of Warrant Shares. One hundred percent (100%) of the Warrant Shares shall vest upon the occurrence of the Closing (including payment of the Purchase Price in full), as such terms are defined in the Securities Purchase Agreement dated on or about [ ] [ ], 201[ ] by and among the Company and the purchaser named therein.
Vesting of Warrant Shares. The Warrant Shares shall vest and become exercisable at the times and in the amounts as notified to the Holder by the Company (the “Notice”). The vesting of the Warrant Shares shall be based on the average number of monthly Organic Unique Visitors (as defined in Section 15) the Channel Partner has received from July 1, 2017 through December 31, 2017 (the “Period”), with the Warrant Shares vesting at a rate of ten percent (10%) for every one hundred thousand (100,000) Average Unique Visitors (as defined below). The Company shall send out the Notice no later than February 28, 2018. The Notice shall state the number of monthly Organic Unique Visitors the Channel Partner has received in each month during the Period, the calculated monthly average for the Period (the “Average Unique Visitors”), and the total amount of Warrant Shares that will vest on each Vesting Date (the “Earned Shares”). Subject to the terms and conditions of this Warrant, one-third of the Earned Shares shall vest and be exercisable as of the date of the Notice (the “Initial Vesting Date”), an additional one-third of the Earned Shares shall vest and become exercisable twelve (12) months after the Initial Vesting Date (the “Second Vesting Date”), and a final one-third of the Earned Shares shall vest and become exercisable twenty-four (24) months after the Initial Vesting Date (the “Third Vesting Date”, together with the Initial Vesting Date and Second Vesting Date, each a “Vesting Date”). All the Warrant Shares that are not deemed as Earned Shares in the Notice shall be terminated and void as of the date of the Notice. In the event that, prior to the Earned Shares becoming fully vested and exercisable, the Channel Partner terminates his/her/its contract with the Company, then the vesting schedule set forth in the Notice shall terminate immediately and no further Earned Shares shall vest and become exercisable. Regardless of any other provisions of this Warrant, the aggregate number of shares of Common Stock issuable upon exercise of this Warrant shall not exceed [_____________].
Vesting of Warrant Shares. The Warrant Shares subject to this Warrant shall vest and become exercisable in cumulative installments of 1/24th of the Warrant Shares on the last day of each successive month beginning March 31, 2015 during the term of the Consulting Agreement. Notwithstanding the foregoing, 50% of the Warrant Shares shall become fully vested and exercisable if the Company terminates the Consulting Agreement for any reason other than “for cause” (as defined in the Consulting Agreement) before March 12, 2016 and the remaining 50% of the warrants shall become fully vested and exercisable if the Company terminates the Consulting Agreement for any reason other than “for cause” after March 12, 2016 upon the extension of the agreement. In addition, the Warrant granted hereby shall vest and become exercisable as to all of the Warrant Shares upon a Change of Control during the term of the Consulting Agreement.
Vesting of Warrant Shares. 1/8th of the Warrant Shares (625,000 Warrant Shares) shall be available to vest and become exercisable whenever an aggregate amount of a draw, pursuant to a line of credit agreement, shall equal $250,000 (each such date, a “Vesting Date” and each such 1/8th of the Warrant Shares in respect of a Vesting Date, the “Vesting Warrant Shares”). The Warrant Shares will become fully vested after 180 days from the date of the Warrant so long as any available funds is able to be drawn down upon, other than restricted by default. In the event that the line of credit with the Company is terminated for any reason other than by default by the Company, Vesting Dates shall occur and no further Warrant Shares shall vest and become exercisable. In the event that the Company defaults on any terms of the line of credit, or fails to draw the full amount of the funds within the term provided in the line of credit agreement, then the full 5,000,000 Warrant Shares shall vest in the Holder. Notwithstanding anything in this Warrant to the contrary, the aggregate number of shares of Warrant Shares issuable upon exercise of this Warrant shall not exceed 5,000,000.
Vesting of Warrant Shares. The Warrant Shares shall vest ("Vest" and derivations) and become "Vested Warrant Shares" immediately upon the Date of Grant.
Vesting of Warrant Shares. The Warrant Shares shall be vested as follows, unless the Warrant has been terminated pursuant to Section 5 hereof:
Vesting of Warrant Shares. The Warrant Shares granted hereunder shall vest and become exercisable immediately upon the Effective Date.
Vesting of Warrant Shares. One third of the Warrant Shares shall be available to vest and become exercisable on each of the first three anniversaries of the Issuance Date (each such date, a “Vesting Date” and each such third of the Warrant Shares in respect of a Vesting Date, the “Vesting Warrant Shares”). In the event that the Publisher contract with the Company is terminated for any reason, then from and after such termination no further Vesting Dates shall occur and no further Warrant Shares shall vest and become exercisable. Notwithstanding anything in this Warrant to the contrary, the aggregate number of shares of Common Stock issuable upon exercise of this Warrant shall not exceed ____.
Vesting of Warrant Shares. Subject to Section 3.2, the Warrants shall vest and be exercisable as follows:
Vesting of Warrant Shares. The Warrant Shares subject to this Warrant shall vest and become exercisable in full as of July 2, 2018, provided that the Consulting Agreement has not previously been terminated for Cause (as defined therein).
