Common use of Unvested and Vested Shares Clause in Contracts

Unvested and Vested Shares. Shares that are not Vested Shares (as defined in this Section) are "Unvested Shares". On the Effective Date, twenty percent (20%) of the Shares will be Vested Shares. If Purchaser has been continuously employed by the Company at all times from the Effective Date until July 13, 1999 (the "FIRST VESTING DATE"), then on the First Vesting Date, an additional twenty (20%) of the Shares will become Vested Shares; and thereafter, for so long (and only for so long) as Purchaser remains continuously employed by the Company at all times after the First Vesting Date, an additional 1.667% of the Shares will become Vested Shares upon the expiration of each full calendar month elapsed after the First Vesting Date. No Shares will become Vested Shares after the Termination Date.

Unvested and Vested Shares. Shares that are not Vested Shares (as defined in this Section) are "Unvested SharesUNVESTED SHARES". On the Effective Date, twenty percent (20%) Date all of the Shares will be Vested Unvested Shares. If Purchaser has been continuously employed by the Company at all times from the Effective Date until July 13, 1999 _____________- (the "FIRST VESTING DATE"), then on the First Vesting Date, an additional twenty Date twenty-five percent (2025%) of the Shares will become Vested Shares; and thereafter, for so long (and only for so long) as Purchaser remains continuously employed by the Company at all times after the First Vesting Date, an additional 1.667% two and eighty-three thousandths percent (2.083%) of the Shares will become Vested Shares upon the expiration of each full calendar month elapsed after the First Vesting Date. No Shares will become Vested Shares after the Termination Date.

Unvested and Vested Shares. Shares that are not Vested Shares (as defined in this Section) are "Unvested SharesUNVESTED SHARES". On the Effective Date, twenty percent Date all Seventy Thousand (20%70,000) of the Shares will be Vested Unvested Shares. If Purchaser has been continuously employed by the Company at all times from the Effective Date until July 138, 1999 1998 (the "FIRST VESTING DATE"), then on the First Vesting Date, an additional twenty Date Twenty-Five percent (2025%) of the Shares will become Vested Shares; and thereafter, for so long (and only for so long) as Purchaser remains continuously employed by the Company at all times after the First Vesting Date, an additional 1.6676.25% of the Shares will become Vested Shares upon the expiration of each full calendar month quarter elapsed after the First Vesting Date. No Shares will become Vested Shares after the Termination Date.