Common use of Future Employee Issuances and Agreements Clause in Contracts

Future Employee Issuances and Agreements. All future issuances ---------------------------------------- of securities of the Company to employees, officers and consultants shall be made pursuant to stock grant, stock purchase and/or stock option plan or any other stock incentive program, agreement or arrangement shall be approved by the Board of Directors and shall provide for (i) ratable vesting over four years, with no vesting until the end of the first year, and (ii) no transfer of unvested shares. The Company will require that all current and future employees of the Company enter into Employee Inventions and Proprietary Rights Assignment and Confidentiality Agreements in substantially the form provided to the Holders, with such amendments thereto or deviations therefrom as the Board of Directors may from time to time approve.

Future Employee Issuances and Agreements. All future issuances ---------------------------------------- of securities of the Company to employees, officers and consultants shall be made pursuant to stock grant, stock purchase and/or stock option plan or any other stock incentive program, agreement or arrangement shall be approved by the Board of Directors and shall provide for (i) ratable vesting over four years, with no vesting until the end of the first year, and (ii) no transfer of unvested shares. The Company will require that all current and future employees of the Company enter into Employee Inventions and Proprietary Rights Assignment and Confidentiality Agreements in substantially the form provided to the Holders, with such amendments thereto or deviations therefrom as the Board of Directors may from time to time approve.