Common use of Vesting of Option if Employment Continues Clause in Contracts

Vesting of Option if Employment Continues. All of the option shares initially shall be unvested shares For so long as the Employee remains continually employed by the Company the option shares shall become vested according to the schedule set forth below and the Employee may exercise this option as to any vested shares: Vesting Date Number of Vested Share One year from the Vesting Start Date - 25% of the Option Shares On the first day of each subsequent three month period following one year from the Vesting Start Date - 6.25% of the Option Shares Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company) may be exercised only before the date which is ten years from the date of this option grant.

Vesting of Option if Employment Continues. All of the option shares Option Shares initially shall be unvested shares shares. For so long as the Employee remains continually continuously employed by the Company the option shares Option Shares shall become vested according to the schedule set forth below and the Employee may exercise this option as to any vested shares: Vesting Date Number of Vested Share Shares One year from the Vesting Start Date - 25% of the Option Shares On the first 1st day of each subsequent three one month period following one year from the Vesting Start Date vesting start date. - 6.252.083% of the Option Shares Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company) may be exercised only before the date which is ten years from the date of this option grant.