Common use of Release of Shares From Repurchase Option Clause in Contracts

Release of Shares From Repurchase Option. (a) One-forty-eighth (1/48th) of the Shares shall be released from the Company's repurchase option each month after January 2, 1996; provided in each case that the Purchaser's status as an employee or consultant has not terminated prior to the date of any such release.

Release of Shares From Repurchase Option. (a) One-forty-eighth (1/48th) [ ( )] of the Shares shall be released from the Company's repurchase option Repurchase Option twelve months following the Date of Grant (as set forth in the Notice of Grant of Stock Purchase Right) and [ ] of the Shares shall be released each month after January 2thereafter, 1996; provided in each case that the Purchaser's continuous status as an employee or consultant a Service Provider has not terminated prior to the date of any such release.

Release of Shares From Repurchase Option. (a) One-One forty-eighth (1/48th1/48) of the Shares shall be released from the Company's repurchase option on the first day of each calendar month after January 2commencing February 1, 1996; 1995, provided in each case that the Purchaser's status as an employee employment or consultant has services have not been terminated prior to the date of any such release.

Release of Shares From Repurchase Option. (a1) One-forty-eighth (1/48th) 20% of the Shares shall be released from the Company's repurchase option Repurchase Option at the Effective Date and 20% of the remaining Shares shall be released on each month after January 2anniversary of the Effective Date until all of the Shares have been released, 1996; provided in each case that the Purchaser's status services as an employee of or consultant has to the Company have not been terminated prior to the date of any such release.

Release of Shares From Repurchase Option. (a) One-Except as provided by Section 4(b) below, one forty-eighth (1/48th) of the Shares shall be released from the Company's repurchase option on the last day of each full calendar month after January 2beginning [VESTING], 1996; provided in each case that the Purchaser's status as an employee or consultant employment with the Company has not been terminated prior to the date of any such release.

Release of Shares From Repurchase Option. (a) One-forty-eighth (1/48thpercent ( %) of the Shares shall be released from the Company's repurchase option ’s Repurchase Option [one year] after the Date of Grant and percent ( %) of the Shares [at the end of each month after January 2thereafter], 1996; provided in each case that the Purchaser's status as an employee or consultant has Purchaser does not terminated cease to be a Service Provider prior to the date of any such release.

Release of Shares From Repurchase Option. (a) One-forty-eighth Twenty Five percent (1/48th25%) of the Shares shall be released from the Company's repurchase option as of the date of this Agreement. 1/48th of the Shares shall be released on the first day of each month commencing on the thirteenth month after January 2the date of this Agreement and each month thereafter, 1996; provided in each case that the Purchaser's continuous status as an employee or consultant has not terminated prior to the date of any such release. Any of the Shares which have not yet been released from the Company's repurchase option are referred to herein as "Unreleased Shares."

Release of Shares From Repurchase Option. (a) One-Twelve forty-eighth eighths (1/48th12/48) of the Shares shall be released from the Company's repurchase option described in Section 4 above on January 1, 1997, and an additional one forty-eighth (1/48) of the Shares shall be released at the end of each full month after January 2, 1996thereafter until all Shares have been released; provided in each case that the Purchaser's status as an employee employment or consultant has services have not been terminated prior to the date of any such release.