Common use of Regular Vesting Schedule Clause in Contracts

Regular Vesting Schedule. Except as otherwise provided herein, the Option Shares shall vest and become exercisable ratably on a annual basis over the forty-eight month period following the Effective Date ending on December 1, 2004, provided that the Employee is employed by the Corporation on the applicable vesting date, as follows:

Regular Vesting Schedule. Except as otherwise provided herein, the Option Shares shall vest and become exercisable ratably on a annual quarterly basis over the fortytwenty-eight four month period following the Effective Date ending on December 1April 25, 20042002, provided that the Employee is employed by the Corporation on the applicable vesting date, as follows: