Common use of Number of Vested Shares Clause in Contracts

Number of Vested Shares. One year from the Vesting Start Date - 25% of the Option Shares On the first day of each subsequent three month period following one year from the Vesting Start Date - 6.25% of the Option Shares Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to have a Business Relationship with the Company) may be exercised only before the date which is ten years from the date of this option grant.

Number of Vested Shares. One year from the Vesting Start Date - 25% of the Option Shares On the first day of each subsequent three month period following one year from the Vesting Start Date - 6.25% of the Option Shares Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee Employee ceases to have a Business Relationship with be employed by the Company) may be exercised only before the date which is ten years from the date of this option grant.