Common use of Vesting Schedule Clause in Contracts

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 6 contracts

Samples: Stock Option Agreement (Durata Therapeutics, Inc.), Incentive Stock Option Agreement (Curis Inc), Nonstatutory Stock Option Agreement (Curis Inc)

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Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement, Stock Option Agreement (NMT Medical Inc), Incentive Stock Option Agreement (NMT Medical Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to 33.3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 66.7% of the original number of Shares at the end of each successive [ ] period month following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.), Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.), Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.08333% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Ceva Inc), Stock Option Agreement (Ceva Inc), Nonstatutory Stock Option Agreement (Ceva Inc)

Vesting Schedule. This option will become exercisable ("vest") as to % one-third of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 4 contracts

Samples: Stronghold Technologies Inc, Stronghold Technologies Inc, Stronghold Technologies Inc

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 4 contracts

Samples: Gelesis Inc, Alnylam Pharmaceuticals, Inc., Stream Global Services, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Pc Connection Inc), Nonstatutory Stock Option Agreement (Curagen Corp), Nonstatutory Stock Option Agreement (Collagenex Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ [first anniversary] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ [first anniversary] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Westmoreland Coal Co), Nonstatutory Stock Option Agreement (Westmoreland Coal Co), Nonstatutory Stock Option Agreement (Westmoreland Coal Co)

Vesting Schedule. This option will become exercisable (“vest”) as to 33.3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 66.7% of the original number of Shares at the end of each successive [ ] monthly period following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Norpac Technologies, Inc.), Incentive Stock Option Agreement (Norpac Technologies, Inc.), Incentive Stock Option Agreement (Norpac Technologies, Inc.)

Vesting Schedule. This option Except as otherwise provided in paragraphs (d) through (h) of Section 3 below and the Plan, this Option will become exercisable (“vest”) as to 20% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 20% of the original number of Shares at the end of each successive [ ] period anniversary of the Grant Date following the [ ] first anniversary of the Grant Date until the [ ] fifth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Planhereof.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.), Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.), Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Planoption.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Argos Therapeutics Inc), Nonstatutory Stock Option Agreement (Argos Therapeutics Inc)

Vesting Schedule. This option will become exercisable ("vest") immediately as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional with the remaining [ ]% of the original number of Shares at the end of each successive vesting in equal monthly installments over [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Dateyears. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Boston Life Sciences Inc /De), Incentive Stock Option Agreement (Boston Life Sciences Inc /De)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 25% of the original number of Shares at the end of on each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Ceva Inc), Nonstatutory Stock Option Agreement (Ceva Inc)

Vesting Schedule. This option will become exercisable ("vest") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 21/12% of the original number of Shares at the end of each successive [ ] period month following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Open Solutions Inc, Open Solutions Inc

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 21/12% of the original number of Shares at the end of each successive [ ] period month following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Open Solutions Inc), Incentive Stock Option Agreement (Open Solutions Inc)

Vesting Schedule. This option will become exercisable ("vest") as to ____% of the original number of Shares on the [ ] anniversary of the Grant Date ________________ and as to an additional ____% of the original number of Shares at the end of each successive [ ] ________ period following the [ ] anniversary of the Grant Date thereafter until the [ ] _______ anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Unica Corp), Incentive Stock Option Agreement (Unica Corp)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional ]% of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stream Global Services, Inc., Stream Global Services, Inc.

Vesting Schedule. This option will become exercisable ("vest") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 25% of the original number of Shares at on the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary second, third and fourth anniversaries of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Synapse Group Inc), Incentive Stock Option Agreement (Synapse Group Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date , 20 and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Tangoe Inc), Nonstatutory Stock Option Agreement (Tangoe Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to 33.33% of the original number of Shares on the [ ] first, second, and third anniversary of the Grant Date Date. This option shall expire upon, and as to an additional % of will not be exercisable after, the original number of Shares at the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] anniversary of the Grant Final Exercise Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Aspect Medical Systems Inc), Incentive Stock Option Agreement (Gensym Corp)

Vesting Schedule. This option will become exercisable (“vest”) as to % [ ] of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % [ ] of the original number of Shares at the end of each successive [ ] period anniversary following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Lifeline Systems Inc), Nonstatutory Stock Option Agreement (Lifeline Systems Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to 33 1/3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional % of the original number of Shares pro-rata thereafter on a monthly basis at the end of each successive [ ] period month following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (IBuyDigital.com, Inc.), Nonstatutory Stock Option Agreement (IBuyDigital.com, Inc.)

Vesting Schedule. This option will become Option is immediately exercisable (“vestVested”) as to 33% of the original number of Shares on the [ ] anniversary of Grant Date. As to the Grant Date and remaining 67% Shares, this Option will become exercisable as to an additional % of the original number of [ ] Shares at the end of each successive [ ] period calendar month following the [ ] Grant Date until the third anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested Vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: www.sec.gov, Incentive Stock Option Agreement (Boston Life Sciences Inc /De)

Vesting Schedule. This option will become exercisable (“vest”) as to [100% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional Date] [33 1⁄3% of the original number of Shares at on the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] first, second and third anniversary of the Grant Date] subject to continuous service with the Company through each such anniversary. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Stock Option Agreement (Alnylam Pharmaceuticals, Inc.)

Vesting Schedule. This option will become exercisable ("vest") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Xanodyne Pharmaceuticals Inc, Xanodyne Pharmaceuticals Inc

Vesting Schedule. This option will become exercisable (“vest”) as to [100% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional % Date] [33⅓% of the original number of Shares at on the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] first, second and third anniversary of the Grant Date] subject to continuous service with the Company through each such anniversary. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Alnylam Pharmaceuticals, Inc.), Restricted Stock Agreement (Alnylam Pharmaceuticals, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares pro-rata thereafter on a monthly basis at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Arbinet Thexchange Inc), Nonstatutory Stock Option Agreement (Arbinet Thexchange Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] -month period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cynosure Inc)

Vesting Schedule. [This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] one-month period following the [ ] anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. , subject to continued service as a director of the Company.] The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Icagen Inc)

Vesting Schedule. This option will become exercisable ("vest") as to 100 % of the original --- number of Shares on the [ ] anniversary earlier of the Grant Date and as to an additional % first anniversary date of the original number of Shares at the end of each successive [ ] period following the [ ] anniversary grant of the Grant Date until option (the [ ] anniversary of the "Grant Date") or the day prior to the Company's annual meeting that will take place in 2001. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Network Engines Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. Date The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Collagenex Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ophthotech Corp.)

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Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional % of the original number of Shares pro-rata thereafter on a monthly basis at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Arbinet Thexchange Inc)

Vesting Schedule. This option will become is immediately exercisable (“vestVested”) as to 33% of the original number of Shares on the [ ] anniversary of Grant Date. As to the Grant Date and remaining 67% Shares, this Option will become exercisable as to an additional % of the original number of [ ] Shares at the end of each successive [ ] period calendar month following the [ ] anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested Vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Planhereof.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Boston Life Sciences Inc /De)

Vesting Schedule. This option will become exercisable (“vest”) as to 33 1/3% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 33 1/3% of the original number of Shares at the end of each successive [ ] one-year period following the [ ] first anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Planhereof.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Gensym Corp)

Vesting Schedule. This option will shall become exercisable (“vest”) as to % 1/36 of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] one-month anniversary of the Grant Date until the [ ] three-year anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: NitroSecurity, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Achillion Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Curagen Corp)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833 % of the original number of Shares at the end of each successive [ ] one month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Ophthotech Corp.)

Vesting Schedule. (a) This option will become exercisable ("vest") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Switchboard Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional [ ] % of the original number of Shares at the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pc Connection Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Adoption Agreement (Trevi Therapeutics, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 25% of the original number of Shares at on each anniversary of the end of each successive [ ] period Grant Date following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent if the option is not exercised in any period to the maximum extent permissible during any exercise period, it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until shares not so purchased at any time prior to the earlier of the Final Exercise Expiration Date or the earlier termination of this option under Section 3 hereof or the Planoption.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Distributed Energy Systems Corp)

Vesting Schedule. This option Except as otherwise provided in paragraphs (d) through (g) of Section 3 below and the Plan, this Option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 25% of the original number of Shares at on each anniversary of the end of each successive [ ] period Grant Date following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Planhereof.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.)

Vesting Schedule. This option will become exercisable ("vest") as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Voxware Inc

Vesting Schedule. This option will become exercisable (“vest”) as to % one third of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % one third of the original number of Shares at on each of the end of each successive [ ] period following the [ ] first anniversary of the Grant Date until and the [ ] second anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Lifeline Systems Inc

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [ ] one-month period following the [ ] anniversary of the Grant Date until the [ ] third anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Achillion Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ month] period following the [ ] first anniversary of the Grant Date until the [ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Stockeryale Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to 50.00% of the original number of Shares on the [ ] six-month anniversary of the Grant Date and as to an additional the remaining 50.00% of the original number of Shares at on the end of each successive [ ] period following the [ ] anniversary of the Grant Date until the [ ] first anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Songzai International Holding Group Inc

Vesting Schedule. This option will become exercisable (“vest”) as to 20% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 5% of the original number of Shares at the end of each successive [ ] three-month period following the [ ] first anniversary of the Grant Date until the [ ] fifth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ameresco, Inc.)

Vesting Schedule. This option will shall become exercisable (“vest”) as to % 1/24 of the original number of Shares on the [ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [ ] period following the [ ] one-month anniversary of the Grant Date until the [ ] two-year anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: NitroSecurity, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [ ] first anniversary of the Grant Date and as to an additional 75% of the original number of Shares at the end of each successive [ ] monthly period following the [ ] first anniversary of the Grant Date until the [ ] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Norpac Technologies, Inc.)

Vesting Schedule. This option Except as otherwise provided in paragraphs (d) through (g) of Section 3 below and the Plan, this Option will become exercisable (“vest”) as to 20% of the original number of Shares on the [ ] second anniversary of the Grant Date and as to an additional 20% of the original number of Shares at on each anniversary of the end of each successive [ ] period Grant Date following the [ ] second anniversary of the Grant Date until the [ ] sixth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option Option under Section 3 hereof or the Planhereof.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.)

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