Common use of Continued Vesting of Stock Options Clause in Contracts

Continued Vesting of Stock Options. The Parties agree that for purposes of determining the number of shares of the Company’s common stock that Employee is entitled to purchase from the Company, pursuant to the exercise of outstanding options, Employee shall continue to vest at his regular rate during the Transition Term while he continues to provide Transition Duties. Employee further acknowledges that the exercise of Employee’s vested options and shares resulting from any such exercises shall continue to be governed by the terms and conditions of the Stock Option Agreements.

Continued Vesting of Stock Options. The Parties agree that for purposes of determining the number of shares of the Company’s 's common stock that Employee is entitled to purchase from the Company, pursuant to the exercise of outstanding options, Employee shall continue to vest at his regular rate during the Transition Term while he continues to provide Transition Duties. Employee further acknowledges that the exercise of Employee’s 's vested options and shares resulting from any such exercises shall continue to be governed by the terms and conditions of the Stock Option Agreements.