Common use of Stock Option Vesting Clause in Contracts

Stock Option Vesting. Except as expressly approved by a majority of the non-employee members of the Board of Directors of the Company, options and restricted stock awards granted after or in anticipation of the transactions contemplated by the Purchase Agreement and issued pursuant to the Company’s 2007 Stock Plan or the Company’s 2011 Executive Equity Incentive Plan shall be granted with four-year vesting, with twenty-five percent (25%) of the options vesting on the first anniversary from the date of grant and 1/36 of the remaining shares vesting monthly after the first anniversary until fully vested.

Stock Option Vesting. Except as expressly approved by a majority of the non-employee members of the Board of Directors of the CompanyDirectors, options and restricted stock awards granted after or in anticipation of the transactions contemplated by the Purchase Agreement and issued to employees pursuant to the Company’s 2007 Stock Plan or the Company’s 2011 Executive Equity Incentive Plan stock option plan shall be granted with four-year vesting, with twenty-five percent (25%) % of the options vesting on the first anniversary from the date of grant and 1/36 of the remaining shares remainder vesting in equal monthly installments after the first anniversary until fully vestedvested as of the fourth anniversary form the date of the grant.

Stock Option Vesting. Except as expressly approved by a majority of the non-employee members of the Board of Directors of the CompanyDirectors, options and restricted stock awards granted after or in anticipation of the transactions contemplated by the Purchase Agreement and issued pursuant to the Company’s 2007 2006 Stock Incentive Plan or and the Company’s 2011 Executive Equity Incentive Plan Plan, stock grants or other equity grants shall be granted with four-a four year vestingvesting schedule, with twenty-five percent (25%) % of the options securities vesting on the first anniversary from the date of grant and 1/36 of the remaining shares vesting monthly after commencement date and the first anniversary until fully vestedremainder vesting at the rate of 1/48 of the total grant each month.