Common use of Release of Shares From Repurchase Option Clause in Contracts

Release of Shares From Repurchase Option. (a) The Shares shall be released from the Company’s Repurchase Option pursuant to the following schedule: 100% of the Shares (the “Restricted Shares”) shall be subject to the Repurchase Option. 1/4th of the Restricted Shares shall be released from the Repurchase Option on the one (1) year anniversary of December 14, 2017 (the “Vesting Commencement Date”) and 1/48th of the Restricted Shares shall be released from the Repurchase Option on each monthly anniversary following the one (1) year anniversary of the Vesting Commencement Date such that all of the Restricted Shares shall be released from the Repurchase Option on the fourth (4th) year anniversary of the Vesting Commencement Date, subject to the Purchaser’s continuous employment or service to the Company on each such vesting date. Any of the Shares which, from time to time, have not yet been released from the Repurchase Option are referred to herein as “Unreleased Shares.” The number of Shares released each month from the Repurchase Option shall be rounded down to the next whole number of Shares, except in the last month of the fourth (4th) year period when all Unreleased Shares shall be released from the Repurchase Option. (b) Subject to Section 6, the Shares which have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser’s request.

Release of Shares From Repurchase Option. (a) The Shares shall be released from the Company’s Repurchase Option pursuant to the following schedule: 100% of the Shares (the “Restricted Shares”) shall be subject to the Repurchase Option. 1/4th of the Restricted Shares shall be released from the Repurchase Option on the one (1) year anniversary of December 14April 13, 2017 (the “Vesting Commencement Date”) and 1/48th of the Restricted Shares shall be released from the Repurchase Option on each monthly anniversary following the one (1) year anniversary of the Vesting Commencement Date such that all of the Restricted Shares shall be released from the Repurchase Option on the fourth (4th) year anniversary of the Vesting Commencement Date, subject to the Purchaser’s continuous employment or service to the Company on each such vesting date. Any of the Shares which, from time to time, have not yet been released from the Repurchase Option are referred to herein as “Unreleased Shares.” The number of Shares released each month from the Repurchase Option shall be rounded down to the next whole number of Option Shares, except in the last month of the fourth (4th) year period when all Unreleased Shares shall be released from the Repurchase Option. (b) Subject to Section 67, the Shares which have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser’s request.

Release of Shares From Repurchase Option. (a) The Shares shall be released from the Company’s 's Repurchase Option pursuant to the following schedule: 100% of the Shares (the “Restricted Shares”"RESTRICTED SHARES") shall be subject to the Repurchase Option. 1/4th Option as of the Restricted Shares shall be released from the Repurchase Option on the one (May 1) year anniversary of December 14, 2017 2003 (the “Vesting Commencement Date”) and 1/48th "VESTING COMMENCEMENT DATE"). [EXECUTIVE OFFICER ONLY: 1/48th] [DIRECTOR ONLY: 1/24th] of the Restricted Shares shall be released from the Repurchase Option on each monthly anniversary following the one (1) year anniversary of the Vesting Commencement Date such that all of the Restricted Shares shall be released from the Repurchase Option on the fourth [EXECUTIVE OFFICER ONLY: four (4th) 4)] [DIRECTOR ONLY: two (2)] year anniversary of the Vesting Commencement Date, subject to the Purchaser’s continuous employment or service to the Company on each such vesting date. Any of the Shares which, from time to time, have not yet been released from the Repurchase Option are referred to herein as “"Unreleased Shares.” " The number of Shares released each month from the Repurchase Option shall be rounded down to the next whole number of Option Shares, except in the last month of the fourth [EXECUTIVE OFFICER ONLY: four (4th) 4)] [DIRECTOR ONLY: two (2)] year period when all Unreleased Shares shall be released from the Repurchase Option. (b) Subject to Section 6Upon an Acceleration Event (defined below), the Shares which have been released from the Repurchase Option shall be delivered to lapse for 100% of the Purchaser at Unreleased Shares (if any). An "ACCELERATION EVENT" shall mean [EXECUTIVE OFFICER ONLY: any of the Purchaser’s request.following:

Release of Shares From Repurchase Option. (a) The Shares shall be released from the Company’s Repurchase Option pursuant to the following schedule: 10025% of the Shares are immediately released from, and shall not be subject to, the Repurchase Option. As of July 6, 2004 (the “Restricted SharesVesting Commencement Date”) ), the remaining 75% of the Shares shall be subject to the Repurchase Option. 1/4th of the Restricted Shares shall be released from the Repurchase Option on the one (1) year anniversary of December 14, 2017 (the “Vesting Commencement Date”) and 1/48th of the Restricted such Shares shall be released from the Repurchase Option on each monthly anniversary following the one (1) year anniversary of the Vesting Commencement Date thereafter, such that all of the Restricted Shares shall be released from the Repurchase Option on the fourth four (4th4) year anniversary of the Vesting Commencement Date, subject to the Purchaser’s continuous employment or service to the Company on each such vesting date. Any of the Shares which, from time to time, have not yet been released from the Repurchase Option are referred to herein as “Unreleased Shares.” The number of Shares released each month and/or year, as applicable, from the Repurchase Option shall be rounded down to the next whole number of Option Shares, except in the last month of the fourth four (4th4) year period when all Unreleased Shares shall be released from the Repurchase Option. (b) Subject to Section 6Upon an Acceleration Event (as defined below), the Shares which have been released from the Repurchase Option shall be delivered to lapse for 100% of the Purchaser at Unreleased Shares (if any). An “Acceleration Event” shall mean any of the Purchaser’s request.following:

Release of Shares From Repurchase Option. (a) The Shares shall be released from the Company’s Repurchase Option pursuant to the following schedule: 100% of the Shares (the “Restricted Shares”) shall be subject to the Repurchase Option. 1/4th of the Restricted Shares shall be released from the Repurchase Option on the one (1) year anniversary of December 14May 9, 2017 2018 (the “Vesting Commencement Date”) and 1/48th of the Restricted Shares shall be released from the Repurchase Option on each monthly anniversary following the one (1) year anniversary of the Vesting Commencement Date such that all of the Restricted Shares shall be released from the Repurchase Option on the fourth (4th) year anniversary of the Vesting Commencement Date, subject to the Purchaser’s continuous employment or service to the Company on each such vesting date. Any of the Shares which, from time to time, have not yet been released from the Repurchase Option are referred to herein as “Unreleased Shares.” The number of Shares released each month from the Repurchase Option shall be rounded down to the next whole number of Shares, except in the last month of the fourth (4th) year period when all Unreleased Shares shall be released from the Repurchase Option. (b) Subject to Section 6, the Shares which have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser’s request.