Vesting Agreement (Genie AI)

The Vesting Agreement (Genie AI) is a legal template designed to structure and outline the specific terms and conditions concerning the vesting of stock options or equity awards granted to employees or founders of a company in partnership with Genie AI. This agreement serves as a binding contract that establishes the agreed-upon schedule, criteria, and conditions for the gradual transfer of ownership rights of the shares from the issuing company to the recipient. As a comprehensive legal document, the Vesting Agreement (Genie AI) covers important aspects such as the vesting schedule, acceleration events, forfeiture provisions, tax implications, and other provisions necessary to protect the rights and interests of both parties involved. The template is customizable to suit the particular needs and circumstances of the company and the individual, providing a solid foundation for an equitable and smooth distribution of ownership shares over time.