Common use of When Exercisable Clause in Contracts

When Exercisable. 3.1 The aggregate number of shares of Common Stock of the Company optioned by this Agreement (the "Optioned Shares") shall vest in the Grantee as follows:

When Exercisable. 3.1 The aggregate number of shares of Common Stock of the Company optioned by this Agreement (the "Optioned Shares") shall vest in the Grantee as follows:: 2 (a) 20% of the Option shall vest as of June 14, 1997;