Common use of Exercise and Vesting of Option Clause in Contracts

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. Subject to the terms and conditions of the Plan and this Grant, this Option shall be become 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, as to twenty-five percent (25%) of the Shares on the second anniversary of the Date of Grant and as to 2.08333% fifty percent (50%) of the Shares on each subsequent monthly the third anniversary of the Date of Grant, 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. Subject to the terms and conditions of the Plan and this Grant, this Option shall be become 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 upon each of the first annual anniversary four (4) successive anniversaries 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 of the Company (a "BOARD MEMBER") or a consultant of the Company).