Common use of Terms and Exercise of Option Clause in Contracts

Terms and Exercise of Option. a. The Option shall have a term of ten years from the date hereof, and shall vest in forty-eight equal monthly installments over the four year period beginning on the date hereof (the "Vesting Period"). The Option may only be exercised during the ten year term hereof and only to the extent it is vested.

Terms and Exercise of Option. a. The Option shall have a term of ten years from the date hereof, and shall vest in forty-eight equal monthly installments over the four year period beginning immediately on the date hereof (the "Vesting Period")hereof. The Option may only be exercised during the ten year term hereof and only to the extent it is vestedhereof.

Terms and Exercise of Option. a. The Option shall have a term of ten years from the date hereof, and shall vest in forty-eight sixty equal monthly installments over the four five year period beginning on the date hereof (the "Vesting Period"). The Option may only be exercised during the ten year term hereof and only to the extent it is vested.