Common use of General Vesting Clause in Contracts

General Vesting. Subject to the conditions stated in this Agreement, unless a different vesting schedule or arrangement is specified in the Addendum, the Option shall be subject to three-year “cliff” vesting, i.e., the Option shall become exercisable for 100% of the number of shares specified in the Addendum only after the Employee completes three years of Service from the Vesting Start Date. Except as set forth below in Section 3(b), Section 3(c), Section 3(d) and Section 3(e), the Option may not be exercised, and shall not become vested, with respect to any of the underlying shares prior to completion of such three years of Service.

General Vesting. Subject to the conditions stated in this Agreement, unless a different vesting schedule or arrangement is specified in the Addendum, the Option shall be subject to three-year “cliff” vesting, i.e., the Option shall become exercisable for 100% of the number of shares specified in the Addendum Section 1 only after the Employee completes three consecutive calendar years of Service from beginning on the Vesting Start DateDate and ending on December 31st of the third such calendar year. Except as set forth below in Section 3(b), Section 3(c), Section 3(d) and Section 3(e), the Option may not be exercised, and shall not become vested, with respect to any of the underlying shares prior to completion of such three years of Service.