Continued Vesting of Option Grant During Board Service Sample Clauses

Continued Vesting of Option Grant During Board Service. The Company hereby amends the Executive’s May 24, 2012 Stock Option Grant consistent with this Employment Agreement, such that the Executive will continue to vest the options subject to such 166933_4 3 grant on a quarterly basis following his resignation of Board service, during the interim period prior to his commencing employment with the Company and thereafter for so long as he continues as an employee or director of the Company; provided that such grant will terminate with respect to any unvested portion if Executive does not commence employment with the Company as set forth herein by January 12, 2015.