Common use of Vesting of Right to Exercise Option Clause in Contracts

Vesting of Right to Exercise Option. (a) Except as otherwise provided in this Agreement, the right to exercise this Option shall vest as to 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____, and shall be fully vested on , 20 _____. From and after each date of vesting, Optionee may exercise this Option, subject to the terms and conditions set forth herein, to purchase all or any portion of the Shares for which Optionee’s rights have vested.

Vesting of Right to Exercise Option. (a) Except as otherwise provided in this Agreement, the right to exercise this Option shall vest as to 2030% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on March 4, 20 _____1998, shall vest with respect to an additional 20% of the total 2 Shares which may be purchased hereunder (rounded to the nearest whole share) on March 4, 1999, shall vest with respect to an additional 16.66% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on March 4, 20 _____2000, shall vest with respect to an additional 2016.67% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on March 4, 20 _____, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on , 20 _____2001, and shall be fully vested on March 4, 20 _____2002. From and after each date of vesting, Optionee may exercise this Option, subject to the terms and conditions set forth herein, to purchase all or any portion of the Shares for which Optionee’s 's rights have vested.

Vesting of Right to Exercise Option. (a) Except as otherwise provided in this Agreement, the right to exercise this Option shall vest as to 2030% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on July 1, 20 _____1998, shall vest with respect to an additional 20% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on July 1, 20 _____1999, shall vest with respect to an additional 2016.66% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on July 1, 20 _____2000, shall vest with respect to an additional 2016.67% of the total Shares which may be purchased hereunder (rounded to the nearest whole share) on July 1, 20 _____2001, and shall be fully vested on July 1, 20 _____2002. From and after each date of vesting, Optionee may exercise this Option, subject to the terms and conditions set forth herein, to purchase all or any portion of the Shares for which Optionee’s 's rights have vested.