Common use of Limitations on Exercise of Option Clause in Contracts

Limitations on Exercise of Option. Except as otherwise provided in this Agreement, this Option will vest and become exercisable with respect to 25% of the shares of Common Stock covered hereby on the first anniversary of the Grant Date, as to an additional 25% of the shares of Common Stock covered hereby on the second anniversary of the Grant Date, as to an additional 25% of the shares of Common Stock covered hereby on the third anniversary of the Grant Date, and as to an additional 25% of the shares of Common Stock covered hereby on the fourth anniversary of the Grant Date (each a “Vesting Date”); provided, that, the Optionee is still employed or performing services for the Company on each such Vesting Date.

Limitations on Exercise of Option. Except as otherwise provided in this Agreement, this Option will vest and become exercisable with respect to 25% of the shares of Common Stock covered hereby on the first anniversary of the Grant Date, as to an additional 25% of the shares of Common Stock covered hereby on the second anniversary of the Grant Date, as to an additional 25% of the shares of Common Stock covered hereby on the third anniversary of the Grant Date, and as to an additional 25% of the shares of Common Stock covered hereby on the fourth anniversary of the Grant Date (each such anniversary of the Grant Date a “Vesting Date”); provided, that, the Optionee is still employed or performing services for the Company on each such Vesting Date.

Limitations on Exercise of Option. Except as otherwise provided in this Agreement, this Option will vest and become exercisable with respect to 25% [___%] of the shares of Common Stock covered hereby thereby on the first ___anniversary of the Grant Date, as Date and with respect to an additional 25% [___%] of the shares of Common Stock covered hereby thereby on the second ___anniversary of the Grant Date, as Date and with respect to an additional 25% [___%] of the shares of Common Stock covered hereby thereby on the third anniversary of the Grant Date, and as to an additional 25% of the shares of Common Stock covered hereby on the fourth ___ anniversary of the Grant Date (each a “Vesting Date”); provided, that, the Optionee is still employed or performing services for the Company on each such Vesting Date.

Limitations on Exercise of Option. Except as otherwise provided in this Agreement, this Option will vest and become exercisable with respect to 25% [___%] of the shares of Common Stock covered hereby thereby on the first ___ anniversary of the Grant Date, as Date and with respect to an additional 25% [___%] of the shares of Common Stock covered hereby thereby on the second ___ anniversary of the Grant Date, as Date and with respect to an additional 25% [___%] of the shares of Common Stock covered hereby thereby on the third anniversary of the Grant Date, and as to an additional 25% of the shares of Common Stock covered hereby on the fourth ___ anniversary of the Grant Date (each a “Vesting Date”); provided, that, the Optionee is still employed or performing services for the Company on each such Vesting Date.

Limitations on Exercise of Option. Except as otherwise provided in this Agreement, this Option will vest and become exercisable with respect to 25% of the shares of Common Stock covered hereby on the first anniversary of the Grant Date, as to an additional 25% of the shares of Common Stock covered hereby on the second anniversary of the Grant Date, as to an additional 25% of the shares of Common Stock covered coveted hereby on the third anniversary of the Grant Date, and as to an additional 25% of the shares of Common Stock covered hereby on the fourth anniversary of the Grant Date (each each, a “Vesting Date”); provided, that, the Optionee is still employed or performing services for by the Company on each such Vesting Date.