Common use of Time-Based Vesting Condition Clause in Contracts

Time-Based Vesting Condition. The Eligible Shares shall vest ________ per quarter over the ________ calendar quarters following the date they become Eligible Shares, beginning on the first day of the next calendar quarter after the date they become Eligible Shares, subject to Participant’s remaining a Service Provider through each applicable vesting date. Notwithstanding the foregoing, all Eligible Shares will be fully vested on ________, provided that Participant remains a Service Provider through such date.

Time-Based Vesting Condition. The Eligible Shares shall vest ________ per quarter over the ________ calendar quarters following the date they become Eligible Shares, beginning on the first day of the next calendar quarter after the date they become Eligible Shares, subject to Participant’s remaining a Service Provider through each applicable vesting date. Notwithstanding the foregoing, all Eligible Shares will be fully vested on __________________, provided that Participant remains a Service Provider through such date.]

Time-Based Vesting Condition. The Eligible Shares shall vest ________ 25% per quarter over the ________ four calendar quarters following the date they become Eligible Shares, beginning on the first day of the next calendar quarter after the date they become Eligible Shares, subject to Participant’s remaining a Service Provider through each applicable vesting date. Notwithstanding the foregoing, all Eligible Shares will be fully vested on ____________, 201___, provided that Participant remains a Service Provider through such date.

Time-Based Vesting Condition. The Eligible Shares shall vest ________ 25% per quarter over the ________ four calendar quarters following the date they become Eligible Shares, beginning on the first day of the next calendar quarter after the date they become Eligible Shares, subject to Participant’s remaining a Service Provider to the Company through each applicable vesting date. Notwithstanding the foregoing, all Eligible Shares will be fully vested on ____________, 201___, provided that Participant remains a Service Provider to the Company through such date.

Time-Based Vesting Condition. The Eligible Shares shall vest ________ per quarter over the ________ calendar quarters following the date they become Eligible Shares, beginning on the first day of the next calendar quarter after the date they become Eligible Shares, subject to Participant’s remaining a Service Provider to the Company through each applicable vesting date. Notwithstanding the foregoing, all Eligible Shares will be fully vested on __________________, provided that Participant remains a Service Provider to the Company through such date.