Common use of Vesting of Restricted Stock Units Clause in Contracts

Vesting of Restricted Stock Units. If indicated at the top of this Agreement, vesting of Restricted Stock Units is subject to the Grantee’s continued Service Relationship over time. If not indicated, then the all of the Total Number of Restricted Stock Units shall be vested as of the Grant Date. The vesting of the Total Number of Restricted Stock Units shall begin as of the Vesting Commencement Date and the Restricted Stock Units will vest pro rata over the Vesting Period, in equal regular installments on the Vesting Installment Frequency, until all Restricted Stock Units shall have vested as of the end of the Vesting Period. However, no Restricted Stock Units shall vest until the Cliff Period, if any, has expired, and a pro rata number of Restricted Stock Units shall be vested upon the expiration of the Cliff Period. Vesting of the Restricted Stock Units shall cease upon the termination of the Grantee’s continuous Service Relationship and all unvested Restricted Stock Units shall be forfeited without consideration in the event of the cessation of a Service Relationship between the Company and the Grantee. Any unvested Restricted Stock Units will automatically vest upon a Settlement Event, subject in each case to the Grantee’s continued Service Relationship until a Settlement Event occurs.