Exercise Period Vesting. Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "DATE OF GRANT") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 11 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested as follows: PERCENTAGE OF VESTING DATE VESTED SHARES ------------ ------------- % % %
Exercise Period Vesting. 4.1. 185,185 Series D Warrants to purchase up to 185,185 Warrant Shares (50% of Series D Warrants) shall vest on March 1, 2023 (the “Second Vesting Date”) and be exercisable as of the Second Vesting Date and for three (3) years thereafter, subject to Section 4.3 below. ; provided, however, that the Warrants under this Section 4.1 shall expire on the Second Vesting Date in the event the Milestone is not met, and the Partner has notified the Company on its decision to rescind the remaining balance of the Facility;
Exercise Period Vesting. This Warrant, to the extent vested, shall be exercisable, in whole or in part, at the election of the Holder from time to time after the date of issuance until its expiration, as described in Section 8. The Warrant shall become vested and exercisable as follows: one-twelfth (l/12th) of the total number of Shares subject to this Warrant shall vest and become exercisable on each of the monthly anniversaries from January 15, 2016, in each case, so long as Holder continues to be a service provider of the Company in accordance with the terms and conditions of that certain Consulting Agreement dated as of January 15, 2016 by and between Holder and the Company.
Exercise Period Vesting. This Warrant shall vest and become exercisable in nine equal monthly installments of the Warrant Shares on the corresponding day of each month beginning one month following the date hereof or, if any month does not have such corresponding day, on the last day of any such month, until all Warrant Shares are exercisable on the date that is nine months following the date hereof. This Warrant shall be exercisable as to all vested Warrant Shares covered hereby during the period commencing on the date hereof and continuing until 5:00 p.m. Eastern Time on the date that is 18 months following the date hereof (the "Expiration Date").
Exercise Period Vesting. Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above to the extent the Option has vested in accordance with the vesting schedule set forth herein. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 10 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested and exercisable with respect to 33 1/3% of the Shares subject thereto on each of the next three anniversaries of the Date of Grant until the Option is 100% vested. A vested Option may not be exercised for less than a full share. If application of the vesting percentage causes a fractional Share to otherwise become exercisable, such Share shall be rounded down to the nearest whole Share for each year except for the last year in such vesting period, at the end of which vesting period this Option shall become exercisable for the full remainder of the unexercised Shares subject to the Option. Except as provided in the Plan, upon the occurrence of a Change in Control, the Option shall become 100% vested and exercisable.
Exercise Period Vesting. Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above to the extent the Option has vested in accordance with the vesting schedule set forth herein. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Section 9 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested and exercisable with respect to the 20% of the Shares on each of the first five anniversaries of the Date of Grant; provided, that 50,000 of the Shares to vest on each of the vesting dates specified in the foregoing clause will not vest on a given scheduled vesting date and will automatically be forfeited, regardless of the Participant’s Continuous Service, if Xxxxxxx Xxxxxx remains in Continuous Service from the Grant Date through such vesting, or if earlier, through the occurrence of a Change in Control. A vested Option may not be exercised for less than a full share. If application of the vesting percentage causes a fractional Share to otherwise become exercisable, such Share shall be rounded down to the nearest whole Share for each year except for the last year in such vesting period, at the end of which vesting period this Option shall become exercisable for the full remainder of the unexercised Shares subject to the Option. Except as provided in the Plan, upon the occurrence of a Change in Control, the Option shall become 100% vested and exercisable.
Exercise Period Vesting. 4.1. 1,111,111 Series C Warrants to purchase up to 1,111,111 Warrant Shares (50% of Series C Warrants) shall vest on March 1, 2023 (the “Second Vesting Date”) and be exercisable as of the Second Vesting Date and for three (3) years thereafter, subject to Section 4.3 below.
Exercise Period Vesting. 4.1. 172,414 Series B Warrants to purchase up to 172,414 Warrant Shares (50% of Series B Warrants) shall be fully vested and immediately exercisable as of the Warrant Issue Date and prior to the expiration of three (3) years following the Date of Issuance, subject to Section 4.3 below;
Exercise Period Vesting. Unless expired as provided in Section 3 of this Agreement, this Option may be exercised from time to time after the Date of Grant set forth above (the "Date of Grant") to the extent the Option has vested in accordance with the vesting schedule set forth below. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Sections 8, 9 and 10 below. Provided Participant continues to provide Continuous Service to the Company or any Affiliate, the Option will become vested and exercisable with respect to [__%] of the Shares on the [FIRST] anniversary of the Date of Grant set forth above and thereafter at the end of each full succeeding [MONTH] [QUARTER] [YEAR] the Option will become vested and exercisable as to [__%] of the Shares until the Option is vested and exercisable with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share, such share shall be rounded down to the nearest whole share for each [MONTH] [QUARTER] [YEAR] except for the last [MONTH] [QUARTER] [YEAR] in such vesting period, at the end of which last [MONTH] [QUARTER] [YEAR] this Option shall become exercisable for the full remainder of the Shares.
Exercise Period Vesting. The Right may be exercised for whole shares of Common Stock during the period commencing on the Date of Grant and terminating on the Date of Expiration, as follows:
