Exercise and Vesting of Option. The Option shall be exercisable only to the extent that all, or any portion thereof, has vested in the Employee. Except as provided herein in Paragraph 4, the right to purchase the Shares subject to the Option shall vest pro rata in three annual installments beginning on the first anniversary of this Agreement and continuing each year thereafter until the Option is fully vested, as set forth in the following schedule, so long as Employee continues to be employed by the Company (each such date is hereinafter referred to singularly as a “Vesting Date” and collectively as “Vesting Dates”):
Exercise and Vesting of Option. Subject to the terms and conditions of the Plan and this Grant, this Option shall be immediately exercisable.
Exercise and Vesting of Option. Subject to the terms and conditions of the Plan and this Grant, this Option shall be exercisable as it vests. Subject to the terms and conditions of the Plan and this Grant, this Option shall vest as to twenty-five percent (25%) of the Shares on the first annual anniversary of the Date of Grant and as to 2.08333% of the Shares on each subsequent monthly anniversary of the Date of Grant, so long as the Optionee continuously remains a member of the Board of Directors (a "BOARD MEMBER") or a consultant of the Company.
Exercise and Vesting of Option. The Option shall be exercisable only to the extent that all, or any portion thereof, has vested in the Employee. Except as provided herein in paragraph 4, the Options shall vest in Employee in _____ cumulative installments of ________________ percent (______%) of the total grant beginning on the first anniversary of the date of this Agreement, with an additional ________________ percent (______%) of the total grant becoming exercisable on each of the next _____________ (______) successive anniversaries of such date, so long as Employee remains an employee of the Company (each such date is hereinafter referred to singularly as a “Vesting Date” and collectively as “Vesting Dates”).
Exercise and Vesting of Option. The Option will vest on the following dates (each a “Vesting Date”):
Exercise and Vesting of Option. This Option shall vest as to 50% of the Shares upon the first anniversary of the Date of Grant and an additional 4.1666% of the Shares each month thereafter, so long as the Optionee continuously remains a director or a consultant of the Company, subject to the other terms and conditions of the Plan and this Grant.
Exercise and Vesting of Option. The Option shall be exercisable only to the extent that all, or any portion thereof, has vested in Executive. Except as provided in paragraph 4, the Option shall vest in Executive and become exercisable in 48 monthly installments commencing on the one-month anniversary of the date of this Agreement and continuing on each of the subsequent 47 monthly anniversaries thereof (each a “Vesting Date”). Except as provided in paragraph 4, the Option shall vest with respect to 729 Shares on each of the first 47 Vesting Dates and shall vest with respect to 737 Shares on the final (48th) Vesting Date.
Exercise and Vesting of Option. The Option will be fully vested.
Exercise and Vesting of Option. Subject to the provisions of Section 9 of this Agreement, the Option shall be exercisable only to the extent that all, or any portion thereof, has vested in the Director. The Option shall vest in the Director in Five (5) equal installments of Four Thousand (4,000) shares each beginning on the first anniversary of this Agreement and continuing on each of the next four subsequent anniversary dates (hereinafter referred to singularly as a "Vesting Date" and collectively as "Vesting Dates") until the Option is fully vested. In the event that the Director ceases to be a director of the Company, for any reason or no reason with or without cause, prior to any Vesting Date, that part of the Option scheduled to vest on such Vesting Date, and all parts of the Option scheduled to vest in the future, shall not vest and all of Director's rights to and under such non-vested parts of the Option shall terminate.
Exercise and Vesting of Option. The Option shall be exercisable only to the extent that all, or any portion thereof, has vested in the Optionee. Except as provided herein in paragraph 4, the Option shall vest in Optionee in accordance with the terms below, so long as Optionee continues to provides services as a director of the Company (each such date is hereinafter referred to singularly as a “Vesting Date” and collectively as “Vesting Dates”);
a) 25% vested immediately;
