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 September 30, 2014 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 September 8, 2015 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 September 8, 2015 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. The Warrant Shares subject to this Warrant shall vest in equal installments of 1/24th of the Warrant Shares on the last day of each successive month during the term of the Consulting Agreement beginning May 31, 2016 and ending April 30, 2018; provided however, that all unvested Warrant Shares shall vest immediately upon a Change of Control. For purposes of this Warrant, the term “Change of Control” means the occurrence of any of the following events (which shall be interpreted, if applicable, in a manner, and limited to the extent necessary, so that it will not cause adverse tax consequences under Section 409A):
Vesting of Warrant Shares. Upon the execution of Amendment No. 4 by Company and RICOR and the approval of the execution by RICOR of Amendment No. 4 by RICOR's limited partners, the vesting schedule of the Warrants set forth in the Warrant Agreement will accelerate and the warrants will be fully exercisable and will be Vested Shares.
Vesting of Warrant Shares. Warrant Shares (as defined below) that have vested may be acquired in accordance with the terms of this Warrant until the Termination Date (as defined below). The time at which the Warrant Shares vest and the Warrantholder may thereafter exercise this Warrant with respect to such Warrant Shares (each, a "Vesting Date") shall be as follows: Number of Warrants Vesting Date Vested and Exercisable January 2, 2008 233,333 January 2, 2009 233,333 January 2, 2010 233,334 Total 700,000
Vesting of Warrant Shares. Subject to Section 3.2, the Warrants shall vest and be exercisable as follows:
Vesting of Warrant Shares. This Warrant shall vest and become exercisable (during the Exercise Period (as defined below), unless earlier terminated or voided) with respect to (i) 416,666 Warrant Shares on November 1, 2018, (ii) an additional 416,667 Warrant Shares on January 1, 2020, and (iii) an additional 416,667 Warrant Shares on January 1, 2021 (each of (i) through (iii), a “Vesting Date”), subject to, as of each such Vesting Date, (A) the absence of any uncured material breach of the Provider Agreement by Northwell (as defined in the Provider Agreement) of its obligations under the Provider Agreement, and (B) the Provider Agreement being in full force and effect as of such Vesting Date. If, on any such Vesting Date, any of the aforementioned conditions are not fulfilled, then the Warrant shall not become exercisable with respect to the Warrant Shares for which the Warrant would otherwise become exercisable on such Vesting Date, and the Warrant shall be deemed cancelled and void with respect to such Warrant Shares. Notwithstanding the foregoing, if prior to January 1, 2021, (a) the Company consummates a Corporate Transaction, or has the registration statement for its Initial Public Offering declared effective by the United States Securities and Exchange Commission, and (b) as of the date of such consummation or effectiveness, as applicable (the “Transaction Date”), (i) the absence of any uncured material breach of the Provider Agreement by Northwell (as defined in the Provider Agreement) of its obligations under the Provider Agreement, (ii) there are no then outstanding claims by Northwell against the Company and/or its affiliates, with the exception of any accounts receivable claims or contractual dispute claims in connection with or arising from the Provider Agreement and (iii) the Provider Agreement being in full force and effect as of such Transaction Date, then this Warrant shall immediately become fully vested and exercisable with respect to all Warrant Shares in respect of which this Warrant has not then been deemed cancelled or void pursuant to the preceding paragraph.
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. Exercise of the purchase rights represented by this Warrant may be made as follows:
