Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows:
(i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date;
(ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and
(iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation.
(b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon:
(i) termination of the Optionee’s Employment due to death;
(ii) termination of the Optionee’s Employment due to Retirement; or
(ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.
Exercise and Vesting Schedule. This Option may be exercised by the Optionee named in the Notice of Stock Option Grant (the “Optionee”), in whole or in part, at such times as established under the Company’s policies regarding exercise of options or as otherwise permitted by the Company. The Shares subject to this Option shall vest according to the following schedule: [25% of the Shares subject to the Option shall vest twelve months after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option shall vest each month thereafter, subject to your continuing to be a Service Provider on such dates.]
Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows:
(i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date;
(ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and
(iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason, except as provided for in this Section 2 of this Award Agreement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation.
Exercise and Vesting Schedule. The Shares subject to this Option shall vest and become exercisable according to the following schedule:
Exercise and Vesting Schedule. The Shares subject to this Option shall vest and become exercisable according to the following schedule: This Option may be exercised, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to this Option shall vest twelve (12) months after the Vesting Commencement Date, and 1/48th of the Shares subject to this Option shall vest each month thereafter, subject to the Optionee continuing to be an Employee or Consultant on such dates. For purposes of this Agreement, Shares subject to this Option shall vest and become exercisable based on Optionee’s Continuous Status as an Employee or Consultant.
Exercise and Vesting Schedule. This Option shall be exercisable in whole or in part, and shall vest according to the following vesting schedule: [Vesting Schedule]
Exercise and Vesting Schedule. This Option shall vest and become exerciseable on the dates and as described in this paragraph, subject to the Optionee continuing to be either an Employee or a Consultant to the Company on such vesting dates. On [1 year anniversary of grant date], Optionee shall be vested in and have the right to exercise the Option with respect to [ ] Shares. Thereafter, Optionee shall become vested in and have the right to exercise this Option with respect to 1/48th of the number of Shares subject to the Option on the day of each month corresponding to the Date of Grant, so that the Option shall be fully vested and exercisable on the fourth anniversary of the Date of Grant. However, if Optionee is terminated by the Company other than for Cause prior to the one-year anniversary of the Date of Grant, Optionee shall become vested in and have the right to exercise this Option with respect to 1/48th of the number of Shares subject to the Option for each full month of employment following the Date of Grant, based on the day of the month corresponding to the Date of Grant, through the date of such termination.
Exercise and Vesting Schedule. The Option granted hereunder may be exercised, in whole or in part, based on the vesting schedule as set forth below. [INSERT VESTING SCHEDULE] OPTIONEE: A10 NETWORKS, INC. a California corporation /s/ Xxxx Xxxxxxxx «First» «Last» Xxxx Xxxxxxxx, CFO The type of option which you have been granted is designated on the cover sheet. If designated as an Incentive Stock Option, the Option is intended to be an incentive stock option under section 422 of the United States Internal Revenue Code (the "Code") and will be interpreted accordingly. Capitalized terms used but not otherwise defined in this Stock Option Agreement shall have the meanings given to them in the Plan.
Exercise and Vesting Schedule. Subject to accelerated vesting as set forth below, the Option may be exercised, in whole or in part, in accordance with the vesting schedule set forth in the Optionee’s Notice of Grant (the “Vesting Schedule”). Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in the Optioneed in accordance with any provisions of this Agreement if the Optionee ceases to be a Service Provider prior to the date such vesting is scheduled to occur. For purposes of this Stock Option Agreement, a “Service Provider” means an Employee, Non-Employee Director or Consultant who has outstanding Award. In the event of a Change of Control, the Vesting Schedule shall be replaced in its entirety by the following vesting schedule, to be applied both retroactively and prospectively: 1/36th of the Shares subject to the Option shall vest each month after the vesting commencement date, as set forth in the Notice of Grant, on the same day of the month as the vesting commencement date, so that 100% of the Shares subject to the Option shall be vested three (3) years from the vesting commencement date, subject to you remaining a Service Provider as of such vesting dates.
Exercise and Vesting Schedule. This Option may be exercised in whole or in part and shall vest in accordance with the following vesting schedule:
a. One-third of the total number of options granted hereunder shall vest on the Vesting Commencement Date;
b. One-third of the total number of options granted hereunder shall vest on the first anniversary of the Vesting Commencement Date; and
c. One-third of the total number of options granted hereunder shall vest on the second anniversary of the Vesting Commencement Date.
