Common use of Vesting; Time of Exercise Clause in Contracts

Vesting; Time of Exercise. Except as specifically provided in this Agreement, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows: a. Twenty percent (20%) of the total Optioned Shares shall be vested and exercisable on the Date of Grant. b. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2016, provided the Optionee is providing services to the Company on that date. c. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2017, provided the Optionee is providing services to the Company on that date. d. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2018, provided the Optionee is providing services to the Company on that date. e. The remaining twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2019, provided the Optionee is providing services to the Company on that date. Notwithstanding the foregoing, upon a Change in Control, (i) fifty percent (50%) of the then-unvested Optioned Shares immediately shall vest on the date of the Change in Control; and (ii) the remaining fifty percent (50%) of the then-unvested Optioned Shares shall vest on the earlier of (x) the original date such Optioned Shares would have vested under Sections 3.a.-e. above, or (y) on the first anniversary of the effective date of the Change in Control.

Vesting; Time of Exercise. Except as specifically provided in this AgreementAgreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows: a. Twenty percent (20___%) of the total Optioned Shares shall vest and that portion of the Stock Option shall be vested and exercisable on the Date of Grant. b. An additional twenty __________ percent (20___%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2016the first anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. c. An additional twenty __________ percent (20___%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2017the second anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. d. An additional twenty __________ percent (20___%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2018the third anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. e. The remaining twenty __________ percent (20___%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2019the fourth anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. Notwithstanding the foregoing, the vesting of all Optioned Shares shall automatically accelerate in full upon the occurrence of a Change in Control, Control (i) fifty percent (50%) of as defined in the then-unvested Optioned Shares immediately shall vest on the date of the Change in Control; and (ii) the remaining fifty percent (50%) of the then-unvested Optioned Shares shall vest on the earlier of (x) the original date such Optioned Shares would have vested under Sections 3.a.-e. above, or (y) on the first anniversary of the effective date of the Change in ControlPlan).

Vesting; Time of Exercise. Except as specifically provided in this AgreementAgreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows: a. Twenty Fifty percent (20%) of the total Optioned Shares shall be vested and exercisable on the Date of Grant. b. An additional twenty percent (2050%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2016the first anniversary of the Date of Grant, provided the Optionee Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to to) the Company or a Subsidiary on that date. c. An additional twenty b. The remaining fifty percent (2050%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2017the second anniversary of the Date of Grant, provided the Optionee Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to to) the Company on that date. d. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2018, provided the Optionee is providing services to the Company on that date. e. The remaining twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2019, provided the Optionee is providing services to the Company or a Subsidiary on that date. Notwithstanding the foregoing, upon a Change in Control, (i) fifty percent (50%) of the then-unvested Optioned Shares immediately shall vest on the date of the Change in Control; and (ii) the remaining fifty percent (50%) of the then-then unvested Optioned Shares shall vest on the earlier of (xi) the original date such Optioned Shares would have vested under Sections 3.a.-e3.a.-b. above, above or (yii) on the first anniversary of the effective date of the Change in Control.

Vesting; Time of Exercise. Except as specifically provided in this AgreementAgreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows: a. Twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall be vested and exercisable on the Date of Grant. b. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2016the first anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. c. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2017the second anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. d. An additional twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2018the third anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. e. The remaining twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2019the fourth anniversary of the Date of Grant, provided the Optionee Participant is providing services to employed by the Company or a Subsidiary on that date. Notwithstanding . f. In the foregoing, upon a Change in Control, event that (i) fifty percent (50%) a Change of the then-unvested Optioned Shares immediately shall vest on the date of the Change in Control; and Control occurs, (ii) this Option Agreement is not assumed by the remaining fifty percent surviving corporation or its parent, and (50%) of the then-unvested Optioned Shares shall vest on the earlier of (xiii) the original date such Optioned Shares would have vested under Sections 3.a.-e. abovesurviving corporation or its parent does not substitute its own option for this Stock Option, or (y) on the first anniversary of then upon the effective date of such Change of Control the Change in Controltotal Optioned Shares not previously vested shall thereupon immediately become fully vested and this Stock Option shall become fully exercisable, if not previously so exercisable.]

Vesting; Time of Exercise. Except as specifically provided in this AgreementAgreement and subject to certain restrictions and conditions set forth in the Plan, if applicable, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows: a. Twenty percent Seventeen thousand five hundred (20%) of the total Optioned Shares shall be vested and exercisable on the Date of Grant. b. An additional twenty percent (20%17,500) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable if, on February 28or prior to the fourth anniversary of the Date of Grant, 2016the Company achieves earnings before interest, tax, depreciation, and amortization for a fiscal year of at least $4 million, provided the Optionee Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to to) the Company or a Subsidiary on that date. c. An additional twenty percent b. Twenty-six thousand two hundred fifty (20%26,250) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable if, on February 28or prior to the fourth anniversary of the Date of Grant, 2017Annual Revenues (as defined below) equal or exceed $60 million, provided the Optionee Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to to) the Company or a Subsidiary on that date. d. An additional twenty percent c. Twenty-six thousand two hundred fifty (20%26,250) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable if, on February 28or prior to the fourth anniversary of the Date of Grant, 2018Annual Revenues equal or exceed $100 million, provided the Optionee Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to to) the Company or a Subsidiary on that date. e. The remaining twenty percent (20%) of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on February 28, 2019, provided the Optionee is providing services to the Company on that date. d. Notwithstanding the foregoing, upon a Change in Control, (i) fifty percent (50%) of the then-unvested Optioned Shares immediately shall vest on the date of the Change in Control; and (ii) the remaining fifty percent (50%) of the then-unvested Optioned Shares shall vest on the earlier of (xA) the original date such Optioned Shares would have vested under Sections 3.a.-e3.a.-c. above, or (yB) equally on the first and second anniversary of the effective date of the Change in Control. e. For purposes hereof, unless the context requires otherwise, the following terms shall have the meanings indicated: