Common use of Vesting Schedule Clause in Contracts

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 7 contracts

Samples: Stock Option Agreement (Tetraphase Pharmaceuticals Inc), Incentive Stock Option Agreement (Tetraphase Pharmaceuticals Inc), Incentive Stock Option Agreement (Tetraphase Pharmaceuticals Inc)

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Vesting Schedule. This Except as otherwise provided herein, this option will become exercisable (“vest”) as to 25% of the original number of Shares on the [first] one-year anniversary of the Grant Date and as to an additional 6.25% of the original number of Shares at the end of each successive [three-month] month period following the first one-year anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Planhereof.

Appears in 6 contracts

Samples: Stock Option Agreement (Sesen Bio, Inc.), Nonstatutory Stock Option Agreement (Eleven Biotherapeutics, Inc.), Nonstatutory Stock Option Agreement (Sesen Bio, Inc.)

Vesting Schedule. This Except as otherwise provided herein, this option will become exercisable (“vest”) as to 25% of the original number of Shares on the [first] one-year anniversary of the Grant Date and as to an additional 2.0833% of the original number of Shares at the end of each successive [three-month] period month following the first one-year anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Planhereof.

Appears in 6 contracts

Samples: Inducement Stock Option Agreement (Editas Medicine, Inc.), Nonstatutory Stock Option Agreement (Ophthotech Corp.), Nonstatutory Stock Option Agreement (Brainstorm Cell Therapeutics Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [first[ ] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three-month[ ] period following the first [ ] anniversary of the Grant Date until the [fourth[ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Curis Inc), Stock Option Agreement (Durata Therapeutics, Inc.), Nonstatutory Stock Option Agreement (Curis Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % [25]% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % [2.0833]% of the original number of Shares at the end of each successive [threeone-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 4 contracts

Samples: Stock Option Agreement (Argos Therapeutics Inc), Stock Option Agreement (Argos Therapeutics Inc), Argos Therapeutics Inc

Vesting Schedule. This option will become exercisable (“vest”) as to [·]% of the original number of Shares on the [first·] anniversary of the Grant Date and as to an additional [·]% of the original number of Shares at the end of each successive [three-month·] period following the first anniversary of the Grant Date until the [fourth·] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (PTC Therapeutics, Inc.), Nonstatutory Stock Option Agreement (PTC Therapeutics, Inc.), Incentive Stock Option Agreement (PTC Therapeutics, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to in installments over a four year period commencing one year after the date of grant, with 25% becoming vested one year after the date of grant and an additional 6.25% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares shares at the end of each successive [three-month] month period following the first anniversary of the Grant Date grant date until the [fourth] fourth anniversary of the Grant Dategrant date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Bottomline Technologies Inc /De/), Stock Option Agreement (Bottomline Technologies Inc /De/)

Vesting Schedule. This option will become exercisable (“vest”) as to % [25]% of the original number of Shares on [the [first] first anniversary of the Grant Date Date] and as to an additional % [6.25]% of the original number of Shares at the end of each successive [three-monthmonth period] period following [the first anniversary of the Grant Date Date] until [the [fourth] fourth anniversary of the Grant Date]. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Concert Pharmaceuticals, Inc., Concert Pharmaceuticals, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to % 1/4th of the original number of Shares on the [first] first anniversary of [the Grant Date Date] and as to an additional % 1/48th of the original number of Shares at the end of each successive [three-month] one month period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date] until the fourth anniversary of [the Grant Date]. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Visterra, Inc.), Visterra, Inc.

Vesting Schedule. [This option will become exercisable (“vest”) as to % of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [threeone-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. .] The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

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

Vesting Schedule. This option will become exercisable (“vest”) as to 25% of the original number of Ordinary Shares on the [first] first anniversary of the Grant Date and as to an additional 6.25% of the original number of Ordinary Shares at the end of each successive [three-month] month period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Ordinary Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Share Option Agreement (uniQure B.V.), Incentive Share Option Agreement (uniQure B.V.)

Vesting Schedule. This Subject to Section 8 hereof, this option will become exercisable (“vest”) as to 25% of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional 25% of the original number of Shares at the end of each successive [threeone-month] year period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

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

Vesting Schedule. This option will become exercisable (“vest”) as to ___% of the original number of Shares on the [first___] anniversary of the Grant Date and as to an additional ___% of the original number of Shares at the end of each successive [three-month____] period following the first [____] anniversary of the Grant Date until the [fourth____] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Curis Inc), Nonstatutory Stock Option Agreement (Curis Inc)

Vesting Schedule. This option will become exercisable ("vest") as to [___]% of the original number of Shares on the [firstfirst anniversary] anniversary of the Grant Date and as to an additional [____]% of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Transkaryotic Therapies Inc), Transkaryotic Therapies Inc

Vesting Schedule. This option will become exercisable (“vest”) as to in installments over a four year period commencing one year after the date of grant, with 25% becoming vested one year after the date of grant and an additional 6.25% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares shares at the end of each successive [three-month] month period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Bottomline Technologies Inc /De/, Bottomline Technologies Inc /De/

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three-three month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Aileron Therapeutics Inc), Incentive Stock Option Agreement (Aileron Therapeutics Inc)

Vesting Schedule. This option will become is exercisable (“vest”) as with respect to % one-third of the original number of Shares granted on the [first] anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Date until Date, and shall become exercisable as to an additional one-third of Shares on each of the [fourth] anniversary second and third anniversaries of the Grant Date. This option shall expire upon, and will not be exercisable after, the Final Exercise Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested are then exercisable, until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Casella Waste Systems Inc

Vesting Schedule. This option Option will become exercisable (“vest”) as to 25% of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional 25% of the original number of Shares at the end of each successive [threetwelve-month] month period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date, at which time this option shall be fully vested and exercisable. The right of exercise shall be cumulative so that to the extent the option this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date original expiration date or the termination of this option Option under Section 3 or 4 hereof or under the Plan.

Appears in 1 contract

Samples: Kronos Incorporated (Kronos Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % [25]% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % [2.083]% of the original number of Shares at the end of each successive [three-month] period following the first [first] anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Epizyme, Inc.)

Vesting Schedule. (a) This option will become exercisable (“vest”) as to 25% of the original number of Shares on the [first[ ] anniversary of the Grant Date (the “Vesting Commencement Date”) and as to an additional 25% of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Vesting Commencement Date until the [fourth] third anniversary of the Grant Vesting Commencement Date. The right of exercise hereunder shall be cumulative so that to the extent that the option is not exercised in any period to the maximum extent permissible permissible, it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or and the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Award Agreement (Accretive Health, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional 25% of the original number of Shares at the end of each successive [three-month] period year following the first Vesting Commencement Date (as defined below) until the fourth anniversary of the Grant Date until Vesting Commencement Date. For purposes of this Agreement, the [fourth] anniversary of the Grant “Vesting Commencement Date” shall mean , 200 . The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (LogMeIn, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [three-month] period following the first [first] anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Achillion Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable ("vest") as to _____% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional _____% of the original number of Shares at the end of each successive [three-month] calendar quarter period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: BioVex Group, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to % one-third of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % one-third of the original number of Shares at the end of each successive [three-month] annual period following the first anniversary of the Grant Date until the [fourth] third anniversary of the Grant Date (each such vesting date, a “Vesting Date”). The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Centene Corp)

Vesting Schedule. This option will become exercisable (“vest”) as to [25] % of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % [2.083]% of the original number of Shares at the end of each successive [three-month] period following the first [first] anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Epizyme, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to % [25]% of the original number of Shares on of the [first] anniversary of the Grant Date and as to an additional % [2.08-1/3]% of the original number of Shares at the end of each successive [threeone-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (TransMedics Group, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three-month] period following the first [first] anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Achillion Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable ("vest") as to % [25]% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional [2.09] % of the original number of Shares at the end of each successive [threeone-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Critical Therapeutics Inc)

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Vesting Schedule. This option will become exercisable (“vest”) as to % of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional 25% of the original number of Shares at the end of each successive [three-month] period year following the first Vesting Commencement Date (as defined below) until the fourth anniversary of the Grant Date until Vesting Commencement Date. For purposes of this Agreement, the [fourth] anniversary of the Grant “Vesting Commencement Date” shall mean , 200_. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (LogMeIn, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to [·]% of the original number of Shares on [·] (the [first] anniversary of the Grant Date “Vesting Reference Date”) and as to an additional [·]% of the original number of Shares at the end of each successive [three-month·] month period following the first anniversary of the Grant Vesting Reference Date until the [fourth·] anniversary of the Grant Vesting Reference Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (PTC Therapeutics, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to % [25]% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional % [6.25]% of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Voyager Pharmaceutical Corp)

Vesting Schedule. This option will become exercisable (“vest”) as to % [one-third] of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % [one-third] of the original number of Shares at the end of on each successive [three-month] period anniversary following the first anniversary of the Grant Date until the [fourththird] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. Exercise of Option.

Appears in 1 contract

Samples: LNB Bancorp Inc

Vesting Schedule. This option will become exercisable ("vest") as to [25% of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional 25 % of the original number of Shares at the end of each successive [threetwelve-month] month period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date] [all of the Shares on the Grant Date]. [The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.]

Appears in 1 contract

Samples: Divine Inc

Vesting Schedule. This Subject to Section 8 hereof, this option will become exercisable (“vest”) as to 20% of the original number of Shares on the [first] anniversary of upon the Grant Date Date, May 5, 2006, and as to an additional 20% of the original number of Shares at the end of each successive [threeone-month] year period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nestor Inc

Vesting Schedule. This option will become exercisable (“vest”) as to [ ]% of the original number of Shares on the [first[ ] anniversary of the Grant Date and as to an additional [ ]% of the original number of Shares at the end of each successive [three-month[ ] period following the first [ ] anniversary of the Grant Date until the [fourth[ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Aveo Pharmaceuticals Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to % [25]% of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % [6.25]% of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Voyager Pharmaceutical Corp)

Vesting Schedule. This option will become exercisable ("vest") as to ___% of the original number of Shares on the [first] anniversary of the Grant Date and as to an additional ___% of the original number of Shares at the end of each successive [three-month] calendar quarter period following the first anniversary of the Grant Date until the [fourth] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: BioVex Group, Inc.

Vesting Schedule. This Subject to Sections 3(f) and 7(c), this option will become exercisable ("vest") as to 25% of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional 75% of the original number of Shares at in 36 equal successive monthly installments on the end same day of each successive [three-month] period following the first anniversary of month as the Grant Date until commencing in the [fourth] anniversary of 13th month following the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Planhereof.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Caminus Corp)

Vesting Schedule. This option will become exercisable ("vest") as to 25% of the original number of Shares on the _______________ [first] first anniversary of the Grant Date Date] and as to an additional 6.25% of the original number of Shares at the end of each successive [three-month] month period following the _______________ [first anniversary of the Grant Date Date] until the _______________ [fourth] fourth anniversary of the Grant Date]. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 4 hereof or the Plan.

Appears in 1 contract

Samples: Agreement (Netezza Corp)

Vesting Schedule. This option will become exercisable (“vest”) as to 100% of the original number of Shares on upon the [first] anniversary earlier of the Grant Date and as to an additional % of the original number of Shares at the end of each successive [three-month] period following the first anniversary of the Grant Date until and the [fourth] date of any earlier retirement or resignation of the Participant other than for cause, provided such date of retirement or resignation occurs no more than 90 days prior to the first anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or under the Plan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Alnylam Pharmaceuticals, Inc.)

Vesting Schedule. This option will become exercisable (“vest”) as to [___]% of the original number of Shares on [___________] (the [first] anniversary of the Grant Date “Vesting Commencement Date”) and as to an additional [_____]% of the original number of Shares at the end of each successive [three-month________] period following the first anniversary of the Grant Vesting Commencement Date until the [fourth] anniversary of the Grant Date__________]. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Constant Contact, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to % twenty-five percent (25%) of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % twenty-five (25%) of the original number of Shares at the end of each successive [threetwelve-month] period following the first anniversary of the Grant Date until the [fourth] fourth anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Skyworks Solutions Inc

Vesting Schedule. This option will become exercisable (“vest”) as to [_____]% of the original number of Shares on [__________] (the [first] anniversary of the Grant Date “Vesting Commencement Date”) and as to an additional [____]% of the original number of Shares at the end of each successive [three-month________] period following the first anniversary of the Grant Vesting Commencement Date until the [fourth] anniversary of the Grant Date___________]. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Constant Contact, Inc.

Vesting Schedule. This option will become exercisable (“vest”) as to % [one-third] of the original number of Shares on the [first] first anniversary of the Grant Date and as to an additional % [one-third] of the original number of Shares at the end of on each successive [three-month] period anniversary following the first anniversary of the Grant Date until the [fourththird] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Agreement (LNB Bancorp Inc)

Vesting Schedule. This option will become exercisable (“vest”) as to [__]% of the original number of Shares on the [first[ ] anniversary of the Grant Date and as to an additional [__]% of the original number of Shares at the end of each successive [three-month[ ] period following the first [ ] anniversary of the Grant Date until the [fourth[ ] anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Aveo Pharmaceuticals Inc)

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