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 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 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 1,458 Shares on each of the first 47 Vesting Dates and shall vest with respect to 737 1,474 Shares on the final (48th) Vesting Date.

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 1,486 Shares on each of the first 47 Vesting Dates and shall vest with respect to 737 1,482 Shares on the final (48th) Vesting Date.

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 24 monthly installments commencing on the one-month anniversary of the date of this Agreement and continuing on each of the subsequent 47 23 monthly anniversaries thereof (each a “Vesting Date”). Except as provided in paragraph 4, the Option shall vest with respect to 729 2,083 Shares on each of the first 47 23 Vesting Dates and shall vest with respect to 737 2,091 Shares on the final (48th24th) Vesting Date.