Common use of When Exercisable Clause in Contracts

When Exercisable. Your rights to purchase shares covered by this option shall vest and be exercisable as set forth below and shall remain fully exercisable by you (or by an authorized representative in the event of your death or disability) throughout the term of this option, as described in Section 4, below, except as otherwise provided in Section 4: (a) one-half (1/2) is fully vested and is exercisable from and after the grant date of this option (the "Grant Date"); (b) one-quarter (1/4) shall vest and become exercisable in twelve (12) equal monthly portions, beginning with the first anniversary of the Grant Date, with one-twelfth (1/12) vesting on such first anniversary and an additional one-twelfth (1/12) vesting on the first day of each of the next eleven (11) calendar months thereafter; and (c) one-quarter (1/4) shall vest and become exercisable in twelve (12) equal monthly portions, beginning with the second anniversary of the Grant Date, with one-twelfth (1/12) vesting on such second anniversary and an additional one-twelfth (1/12) vesting on the first day of each of the next eleven (11) calendar months thereafter.

When Exercisable. Your rights to purchase shares covered by this option shall vest and be exercisable as set forth below and shall remain fully exercisable by you (or by an authorized representative in the event of your death or disability) throughout the term of this option, as described in Section 4, below, except as otherwise provided in Section 4: (a) one-half (1/2) The First Installment is fully vested and is exercisable from and after the grant date of this option (the "Grant Date"); (b) one-quarter (1/4) The Second Installment shall vest and become exercisable in twelve (12) equal monthly portions, beginning with the first anniversary of the Grant Date, with one-twelfth (1/12) vesting on such first anniversary and an additional one-twelfth (1/12) vesting on the first day of each of the next eleven (11) calendar months thereafter; and (c) one-quarter (1/4) The Third Installment shall vest and become exercisable in twelve (12) equal monthly portions, beginning with the second anniversary of the Grant Date, with one-twelfth (1/12) vesting on such second anniversary and an additional one-twelfth (1/12) vesting on the first day of each of the next eleven (11) calendar months thereafter.

When Exercisable. Your rights to purchase shares covered by this option shall vest and be exercisable as set forth below and shall remain fully exercisable by you (or by an authorized representative in the event of your death or disability) throughout the term of this option, as described in Section 4, below, except as otherwise provided in Section 4: (a) one-half (1/2) is fully vested and is exercisable from and after the grant date of this option (the "Grant Date"); (b) one-quarter (1/4) shall vest and become exercisable in twelve (12) equal monthly portions, beginning with the first anniversary of the Grant Date, with one-one- twelfth (1/12) vesting on such first anniversary and an additional one-twelfth (1/12) vesting on the first day of each of the next eleven (11) calendar months thereafter; and (c) one-quarter (1/4) shall vest and become exercisable in twelve (12) equal monthly portions, beginning with the second anniversary of the Grant Date, with one-twelfth (1/12) vesting on such second anniversary and an additional one-twelfth (1/12) vesting on the first day of each of the next eleven (11) calendar months thereafter.