Common use of Exercise and Vesting of Option Clause in Contracts

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 shall be exercisable only to the extent that all, or any portion thereof, has vested in the EmployeeOptionee. Except as provided herein in paragraph 4, the Options shall vest in Employee Optionee 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 Optionee remains an employee Optionee 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 shall be exercisable only to the extent that all, or any portion thereof, has vested in the EmployeeOptionee. Except as provided herein in paragraph 4, the Options shall vest in Employee Optionee 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 Optionee 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 Subject to the terms and conditions of Paragraph 5, 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 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”).