Common use of Employee Vesting Clause in Contracts

Employee Vesting. Unless otherwise approved by the Board, all future employees and consultants of the Company who purchase, receive options to purchase, or receive awards of shares of the Company’s Equity Securities after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or service, and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months.

Employee Vesting. Unless otherwise approved by the BoardBoard of Directors, all future employees and consultants of the Company or its subsidiaries who purchase, receive options to purchase, or receive awards of shares of the Company’s Equity Securities capital stock after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or serviceservice (or the date of grant in the case of a grant to an existing employee or consultant), and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months.

Employee Vesting. Unless otherwise approved by the Board, all future All employees and consultants of the Company or its subsidiaries who purchase, receive options to purchase, or receive awards of purchase shares of the Company’s Equity Securities capital stock or receive restricted stock units after the date hereof shall be required to execute option or restricted stock or option agreements, as applicable. Unless otherwise approved by the Board, providing these agreements shall provide for vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or service, service (or the date of grant in the case of a grant to an existing employee or consultant) and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months.

Employee Vesting. Unless otherwise approved by the BoardBoard of Directors, including a majority of the Preferred Directors (as defined in the Restated Certificate), which such majority shall include at least one (1) Series D Preferred Director (as defined in the Restated Certificate), all future employees and consultants of the Company or its subsidiaries who purchase, receive options to purchase, or receive awards of shares of the Company’s Equity Securities capital stock after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or serviceservice (or the date of grant in the case of a grant to an existing employee or consultant), and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months.

Employee Vesting. Unless otherwise approved by the Board, all future employees employees, directors, consultants and consultants other service providers of the Company or its subsidiaries who purchase, receive options to purchase, or receive awards of shares of the Company’s Equity Securities capital stock after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or serviceservice (or the date of grant in the case of a grant to an existing employee or consultant), and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months. In addition, unless otherwise approved by the Board, the Company shall retain the right to repurchase unvested shares at cost upon termination of employment of a holder of restricted stock.