Common use of Initial Option Clause in Contracts

Initial Option. The Initial Option shall vest as to 25% of the shares issuable thereunder on the first anniversary of the Start Date, and the remainder shall vest in equal monthly portions over the following 36 months, for a total four-year vesting period, all as set forth in greater detail in the Initial Option.

Appears in 2 contracts

Sources: Employment Agreement (Selecta Biosciences Inc), Employment Agreement (Selecta Biosciences Inc)