Common use of Exercise Period Vesting Clause in Contracts

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 and 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 twenty percent (20%) of the Shares on the first anniversary of the Date of Grant set forth above and thereafter at the end of each full succeeding year from the Date of Grant the Option will become vested and exercisable as to twenty percent (20%) 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 vesting period except for the last period in such vesting period, at the end of which last period this Option shall become exercisable for the full remainder of the Shares. Any unvested Option shall become vested and exercisable if, during the term of Participant’s employment by the Company, a Change in Control occurs.

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 belowherein. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Sections 8 and 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 twenty percent (the 20%) % of the Shares on each of the first anniversary five anniversaries of the Date of Grant set forth above and thereafter at the end of each full succeeding year from the Date of Grant the Option will become vested and exercisable as to twenty percent (20%) Grant; provided, that 50,000 of the Shares until the Option is vested and exercisable with respect to one hundred percent (100%) vest on each of the Sharesvesting 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 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 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 shareShare to otherwise become exercisable, such share Share shall be rounded down to the nearest whole share Share for each vesting period year except for the last period year in such vesting period, at the end of which last vesting period this Option shall become exercisable for the full remainder of the Sharesunexercised Shares subject to the Option. Any unvested Except as provided in the Plan, upon the occurrence of a Change in Control, the Option shall become 100% vested and exercisable if, during the term of Participant’s employment by the Company, a Change in Control occursexercisable.

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”"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 and Section 9 below. Provided Participant continues to provide Continuous Service to the Company or any AffiliateSubsidiary, the Option will become vested and exercisable with respect to twenty percent one-third (20%1/3) of the Shares on the first anniversary of the Date of Grant set forth above and thereafter at the end of each full succeeding year from the Date of Grant the Option will become vested and exercisable as to twenty percent an additional one-third (20%1/3) of the Shares until the Option is vested and exercisable with respect to one hundred percent (100%) of the Shares. A vested Option may not be exercised for less than a full share. If application of the vesting percentage causes a fractional shareShare to otherwise become exercisable, such share Share shall be rounded down to the nearest whole share Share for each vesting period year except for the last period year in such vesting period, at the end of which last vesting period this Option shall become exercisable for the full remainder of the Sharesunexercised Shares subject to the Option. Any unvested If the Participant shall cease Continuous Service on account of the Participant's death, Total and Permanent Disability or Retirement (as such terms are defined in the Plan), the Option shall become 100% vested and exercisable if, during exercisable. Upon the term occurrence of an involuntary termination of Participant’s employment by 's Continuous Service with the Company, Company (other than for Cause) at any time within 12 months following a Change in Control occursControl, 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 (the “Date of Grant”) to the extent the Option has vested in accordance with the vesting schedule set forth belowherein. The Shares issued upon exercise of the Option will be subject to the restrictions on transfer set forth in Sections 8 and 9 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 twenty percent (20%) 33 1/3% of the Shares subject thereto on each of the first anniversary next three anniversaries of the Date of Grant set forth above and thereafter at the end of each full succeeding year from the Date of Grant the Option will become vested and exercisable as to twenty percent (20%) of the Shares until the Option is 100% vested. A vested and exercisable with respect to one hundred percent (100%) of the SharesOption may not be exercised for less than a full share. If application of the vesting percentage causes a fractional shareShare to otherwise become exercisable, such share Share shall be rounded down to the nearest whole share Share for each vesting period year except for the last period year in such vesting period, at the end of which last vesting period this Option shall become exercisable for the full remainder of the Sharesunexercised Shares subject to the Option. Any unvested Except as provided in the Plan, upon the occurrence of a Change in Control, the Option shall become 100% vested and exercisable if, during the term of Participant’s employment by the Company, a Change in Control occursexercisable.