Common use of AND EXERCISE OF OPTION Clause in Contracts

AND EXERCISE OF OPTION. The Option shall vest and be exercisable in accordance with the following provisions: a. SCHEDULE OF VESTING AND RIGHTS TO EXERCISE. The Option shall be vested and exercisable as follows: 500 shares on March 12, 1997, 1,000 shares on March 12, 1998, 1,500 shares on March 12, 1999 and full vesting on March 12, 2000.

AND EXERCISE OF OPTION. The Option shall vest and be exercisable in accordance with the following provisions: a. SCHEDULE OF VESTING AND RIGHTS TO EXERCISE. The Option shall be vested and exercisable as follows: 500 125 shares on March 12, 1997, 1,000 250 shares on March 12, 1998, 1,500 375 shares on March 12, 1999 and full vesting on March 12, 2000.