Common use of Vesting and Right of Exercise Clause in Contracts

Vesting and Right of Exercise. (i) An Option shall vest and become exercisable with respect to one-fourth of the Shares at the first anniversary of the Vesting Commencement Date and as to one thirty-sixth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option have vested, subject to the Optionee’s Continuous Employment.

Appears in 3 contracts

Samples: New Employee Stock Option Agreement (Broadcom Corp), New Employee Stock Option Agreement (Netlogic Microsystems Inc), Stock Option Agreement (Netlogic Microsystems Inc)

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Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth of the Shares at the first anniversary of the Vesting Commencement Date set forth in the preamble of this Agreement and as to one thirtyforty-sixth eighth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option Shares have vested, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Agreement (Adventrx Pharmaceuticals Inc)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to [one-fourth of the Shares at the first anniversary of the Vesting Commencement Date (as set forth above) and as to one thirty-sixth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares Shares subject to the Option have vested], subject to the Optionee’s Continuous Employmentcontinued employment or other association with the Company.

Appears in 1 contract

Samples: Stock Option Agreement

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth 1/12th of the Shares at the first anniversary end of each calendar month after the Vesting Commencement Date and as to one thirty-sixth set forth in the preamble of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option have vestedthis Agreement, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Agreement (Adventrx Pharmaceuticals Inc)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth fifth of the Shares at the first anniversary of the Vesting Commencement Date set forth in the preamble of this Agreement and as to one thirtyone-sixth fifth of the remaining Shares subject to on each anniversary of the Option at the end of each successive month Vesting Commencement Date thereafter until all of the shares subject to the Option Shares have vested, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Agreement (Adventrx Pharmaceuticals Inc)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth 25% of the Shares at the first anniversary of the Vesting Commencement Date and as to one thirty-sixth 25% of the remaining Shares subject to the Option at the end of on each successive month anniversary thereafter until all of the shares subject to the Option Shares have vested, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Award Agreement (Giga Tronics Inc)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth 25% of the Shares at on the first anniversary of the Vesting Commencement Date and as to an additional one thirtyforty-sixth eighth (1/48th) of the remaining Shares subject to the Option at the end of each successive month thereafter on the same day of each month as the Vesting Commencement Date until all of the shares subject to the Option Shares have vested, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Award Agreement (Giga Tronics Inc)

Vesting and Right of Exercise. (i) An Option shall vest and become exercisable with respect to one-fourth of the Shares at the first anniversary of the Vesting Commencement Date and as to one thirty-sixth of the remaining Shares subject to the this Option at the end of each successive month thereafter until all of the shares subject to the this Option have vested, subject to the Optionee’s Continuous Employment.

Appears in 1 contract

Samples: Stock Option Agreement (Netlogic Microsystems Inc)

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Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth 25% of the Shares at each of the first anniversary 4 annual anniversaries of the Vesting Commencement Grant Date and as to one thirty-sixth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option Shares have vested, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Award Agreement (Valley Commerce Bancorp)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth 100% of the Shares at on the first anniversary of the Vesting Commencement Date and as to one thirty-sixth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option have vestedDate, subject to the Optionee’s Continuous EmploymentService.

Appears in 1 contract

Samples: Stock Option Award Agreement (Giga Tronics Inc)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-fourth 25% of the Shares at on the first anniversary of the Vesting Commencement Date and as to an additional one thirtyforty-sixth eighth (1/48th) of the remaining Shares subject to the Option at the end of each successive month thereafter on the same day of each month as the Vesting Commencement Date until all of the shares subject to the Option Shares have vested, subject to the Optionee’s Continuous Employment.Service. Form for Incentive Options (four year annual vesting)

Appears in 1 contract

Samples: Stock Option Award Agreement (Giga Tronics Inc)

Vesting and Right of Exercise. (i) An The Option shall vest and become exercisable with respect to one-[one- fourth of the Shares at the first anniversary of the Vesting Commencement Date (as set forth above) and as to one thirty-sixth of the remaining Shares subject to the Option at the end of each successive month thereafter until all of the shares Shares subject to the Option have vested], subject to the Optionee’s Continuous Employmentcontinued employment or other association with the Company.

Appears in 1 contract

Samples: Stock Option Agreement Under The

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