Common use of Vesting and Exercise Schedule Clause in Contracts

Vesting and Exercise Schedule. The Options may be exercised after vesting and only in accordance with the following schedule: (a) on the first anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; (b) on the second anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; (c) on the third anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; and (d) on the fourth anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains;

Vesting and Exercise Schedule. The Options may be exercised after vesting and only in accordance with the following schedule: (a) on the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; (b) on the first anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; (bc) on the second anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; (c) on the third anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) of the Common Stock to which it pertains; and (d) on the fourth third anniversary of the Date of Grant, the Option shall vest with respect to one-fourth (25%) the balance of the Common Stock to which it pertains;.