Common use of Vesting Provisions Clause in Contracts

Vesting Provisions. Except as otherwise provided in Section 5 below, you will not be entitled to exercise the Option (and purchase any Option Shares) prior to December 31, 2004. Commencing on December 31, 2004, you shall become entitled to exercise the Option (rounded to the nearest whole share) in accordance with the following schedule, until the Option expires and terminates pursuant to Section 2 hereof: (a) Commencing on December 31, 2004, you shall be entitled to exercise 1/3 of the Option Shares; (b) Commencing on December 31, 2005 you shall be entitled to exercise an additional 1/3 of the Option Shares; and (c) Commencing on December 31, 2006, you shall be entitled to exercise an additional 1/3 of the Option Shares.

Vesting Provisions. Except as otherwise provided in Section 5 below, you will not be entitled to exercise the Option (and purchase any Option Shares) prior to December 31November 1, 20042010. Commencing on December 31November 1, 20042010, you shall become entitled to exercise the Option (rounded to the nearest whole share) in accordance with the following schedule, until the Option expires and terminates pursuant to Section 2 hereof: (a) Commencing on December 31November 1, 20042010, you shall be entitled to exercise 1/3 of the Option Shares; (b) Commencing on December 31November 1, 2005 2011, you shall be entitled to exercise an additional 1/3 of the Option Shares; and (c) Commencing on December 31, 2006, you shall be entitled to exercise an additional 1/3 of the Option Shares.

Vesting Provisions. Except as otherwise provided in Section 5 below, you will not be entitled to exercise the Option (and purchase any Option Shares) prior to December 311, 20041997. Commencing on December 311, 20041997, you shall become entitled to exercise the Option (rounded to the nearest whole share) in accordance with the following schedule, until the Option expires and terminates pursuant to Section 2 hereof: (a) Commencing on December 311, 20041997, you shall be entitled to exercise 1/3 of the Option Shares; (b) Commencing on December 31, 2005 you shall be entitled to exercise an additional 1/3 50% of the Option Shares; and (cb) Commencing on December 311, 20061998, you shall be entitled to exercise an additional 1/3 50% of the Option Shares.