Accelerated Vesting Schedule Sample Clauses

Accelerated Vesting Schedule. The Shares shall become one-hundred percent (100%) vested on the date of a Change in Control of the Corporation, as such term is defined in the Plan, provided Grantee has continued in the employment of the Corporation or any Parent or Subsidiary of the Corporation from the Grant Date through any such vesting date.

Accelerated Vesting Schedule. For each full $5 million dollars in GAAP revenue achieved over the Company’s fiscal year 2005 business plan, the Option Shares shall accelerate vesting as to 25% of the Shares originally subject thereto. There shall be no partial acceleration for revenue achieved above the 2005 business plan in amounts less than full $5 million increments. Such acceleration, if any, will occur upon the later of the Company’s public reporting of its financial results for the 2005 fiscal year or the one year anniversary of the grant date. To the extent the Option Shares are only partially accelerated, they shall continue to vest at the rate of 1/48th of the Shares subject to the Option each month, subject to the Optionee remaining in Continuous Employment on such dates.