Common use of Vesting of the Option Shares Clause in Contracts

Vesting of the Option Shares. The option to purchase the Option Shares shall vest in the Optionee in accordance with the following: (a) The option granted herein shall vest as to 50% of the Option Shares on August 1, 2000; and (b) The option granted herein shall vest as to 1/24th of the Option Shares on the first day of each month beginning on September 1, 2000, and continuing thereafter until all of the Option Shares are fully vested.