Common use of Schedule of Vesting Clause in Contracts

Schedule of Vesting. Grantee shall be eligible for the release from escrow of Restricted Shares as follows: 20,833 Restricted Shares per month over a 36 month period commencing on January 31, 2017, issuable quarterly on the last day of each calendar quarter; provided, that the first release will be of 62,499 Restricted Shares and is scheduled to occur on March 31, 2017 and the last release will be of 62,511 Restricted Shares and is scheduled to occur on December 31, 2019.

Schedule of Vesting. Grantee shall be eligible for the release from escrow of Restricted Shares as follows: 20,833 Restricted Shares 62,500 or pro rata portion thereof per month calendar quarter over a 36 month period commencing on January 31September 30, 20172016, issuable quarterly on the last day of each calendar quarter; provided, that the first release will be of 62,499 Restricted 62,500 Shares and is scheduled to occur on March 31September 30, 2017 and the last release will be of 62,511 Restricted Shares and is scheduled to occur on December 31, 20192016.