Common use of Exercise Period Vesting Clause in Contracts

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.