Common use of Additional Equity Grant Clause in Contracts

Additional Equity Grant. Upon execution of this Agreement and approval by the Board of Directors, you will be granted additional options ( “Options”) to purchase 190,000 shares of Company common. Your Options will have a per share exercise price equal to the fair market value of Company common stock on the date of grant, as determined by the Board, shall be immediately exercisable and shall vest based upon your continued service to the Company with 25% of the shares subject to the Options vesting on the first anniversary of the date of grant and 1/36th of the total number of shares subject to the Options vesting each month thereafter such that the Options will be fully vested on the fourth anniversary of the date of grant.

Additional Equity Grant. Upon execution of this Agreement and approval by the Board of Directors, you will be granted additional options ( “Options”) to purchase 190,000 215,00 shares of Company common. Your Options will have a per share exercise price equal to the fair market value of Company common stock on the date of grant, as determined by the Board, shall be immediately exercisable and shall vest based upon your continued service to the Company with 25% of the shares subject to the Options vesting on the first anniversary of the date of grant and 1/36th of the total number of shares subject to the Options vesting each month thereafter such that the Options will be fully vested on the fourth anniversary of the date of grant.