Financing Event Vested

Financing Event Vested. With respect to those Covered Shares that have not been issued at any particular time (including at any time the Option is exercised) and remain subject to the Option, the number of such Covered Shares that are equal to the product of (x) such Covered Shares and (y) a fraction, the numerator of which is the number of shares of Common Stock that the Company has actually sold and issued at or prior to such time to investors pursuant to the Special Financing (calculated (i) assuming the conversion... into, or exercise for, Common Stock of any and all securities sold and issued by the Company to investors pursuant to the Special Financing that are convertible into, or exercisable for, Common Stock and (ii) making proportionate and equitable adjustments upon any stock splits, stock dividends issued, reverse stock splits and other similar events), and the denominator of which shall be the Maximum Special Financing Shares. Notwithstanding the foregoing, no Covered Shares that are not Financing Event Vested at the time of the termination by the Company or its stockholders of Optionee's Service for Cause shall become Financing Event Vested at any time after any such termination of Optionee's Service View More