Common use of Exercise and Vesting Schedule Clause in Contracts

Exercise and Vesting Schedule. The Shares subject to this Option shall vest and become exercisable according to the following schedule: This Option may be exercised, in whole or in part, in accordance with the following schedule: Twenty-five percent (25%) of the Shares subject to this Option shall vest twelve (12) months after the Vesting Commencement Date, and one-forty-eight (1/48th) of the Shares subject to this Option shall vest each month thereafter, subject to the Optionee continuing to be an Employee or Consultant on such dates. For purposes of this Agreement, Shares subject to this Option shall vest and become exercisable based on Optionee's Continuous Status as an Employee or Consultant.

Appears in 1 contract

Sources: Employment Commencement Nonstatutory Stock Option (Neurocrine Biosciences Inc)

Exercise and Vesting Schedule. The Shares subject to this Option shall vest and become exercisable according to the following schedule: This Option may be exercised, in whole or in part, in accordance with the following schedule: Twenty-five percent (25%) % of the Shares subject to this Option shall vest twelve (12) months after the Vesting Commencement Date, and one-forty-eight (1/48th) 1/48th of the Shares subject to this Option shall vest each month thereafter, subject to the Optionee continuing to be an Employee or Consultant on such dates. For purposes of this Agreement, Shares subject to this Option shall vest and become exercisable based on Optionee's Continuous Status as an Employee or Consultant.

Appears in 1 contract

Sources: Employment Agreement (Neurocrine Biosciences Inc)

Exercise and Vesting Schedule. The Shares subject to this Option shall vest and become exercisable according to the following schedule: This Option may be exercised, in whole or in part, in accordance with the following schedule: Twenty-five percent (25%) % of the Shares subject to this Option shall vest twelve (12) months after the Vesting Commencement Date, and one-forty-eight (1/48th) 1/48th of the Shares subject to this Option shall vest each month thereafter, subject to the Optionee continuing to be an Employee or Consultant on such dates. For purposes of this Agreement, Shares subject to this Option shall vest and become exercisable based on Optionee's ’s Continuous Status as an Employee or Consultant.

Appears in 1 contract

Sources: Employment Agreement (Neurocrine Biosciences Inc)