Common use of Subsequent Installments Clause in Contracts

Subsequent Installments. Upon the date occurring one (1) month after the Initial Exercise Date, and continuing thereafter on each subsequent monthly anniversary of the Initial Exercise Date, the Employee may exercise this Option for up to an additional two percent (2%) of the shares covered hereby (rounded up to the nearest whole number of shares), so that this Option shall become fully exercisable as of ______________. In no event shall the Option be exercisable for more shares than the number of shares set forth in Section 1.

Subsequent Installments. Upon the date occurring one (1) month after the Initial Exercise Date, and continuing thereafter on each subsequent monthly anniversary of the Initial Exercise Date, the Employee may exercise this Option for up to an additional two percent (2%) of the shares covered hereby (rounded up to the nearest whole number of shares), so that this Option shall become fully exercisable as of _________________. In no event shall the Option be exercisable for more shares than the number of shares set forth in Section 1.