Common use of Vesting; Exercisability Clause in Contracts

Vesting; Exercisability. Subject to any provisions of the Plan concerning exercisability and vesting of options, the Option shall vest according to the following schedule: Percentage Vested Period 33% First anniversary of the Date of Grant 33% Second anniversary of the Date of Grant 34% Third anniversary of the Date of Grant The unexercised portion of the Option from one period may be carried over to a subsequent period or periods, and the right of the Optionee to exercise the option as to such unexercised portion shall continue for the entire term.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Globalscape Inc), Incentive Stock Option Agreement (Globalscape Inc), Incentive Stock Option Agreement (Globalscape Inc)

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Vesting; Exercisability. Subject to any provisions of the Plan concerning exercisability and vesting of options, the Option shall vest according to the following schedule: Percentage Vested Period 3333 % First anniversary of the Date of Grant 3333 % Second anniversary of the Date of Grant 3434 % Third anniversary of the Date of Grant The unexercised portion of the Option from one period may be carried over to a subsequent period or periods, and the right of the Optionee to exercise the option as to such unexercised portion shall continue for the entire term.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Globalscape Inc)

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