Common use of Employee Vesting Clause in Contracts

Employee Vesting. Unless otherwise approved by the Board, all future employees and consultants of the Company who purchase, receive options to purchase, or receive awards of shares of the Company’s Equity Securities after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or service, and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months.

Employee Vesting. Unless Except as otherwise approved by the Board, all future including the affirmative vote of at least one director designated by the holders of Preferred Stock, options granted to employees and consultants of the Company who purchase, receive options to purchase, (or receive awards of shares of the Company’s Equity Securities after the date hereof restricted stock issued to such employees) shall be required subject to execute restricted stock or option agreements, as applicable, providing for vesting of shares over a four (4) four-year period, with the first twenty-five percent (25%) of such shares % vesting following twelve (12) months following the date of continued employment or servicehire, and the remaining shares remainder vesting in equal monthly installments over the following thirty-six (36) monthsratably each month thereafter.