Common use of Time-Based Vesting Condition Clause in Contracts

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 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 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.