The Organizer. Options granted herein shall vest at the rate of one-third (1/3) of the total number of shares granted under this Agreement, rounded down to the nearest whole number of shares, on each of the first and second anniversaries of the Original Grant Date, and the remainder shall vest on the third anniversary of the Original Grant Date.
Appears in 1 contract
Sources: Organizers Stock Option Agreement (Community First Inc)
The Organizer. Options granted herein shall vest at the rate of one-third (1/3) of the total number of shares granted under this Agreement, rounded down to the nearest whole number of shares, on each of the first and second anniversaries of the Original Grant Date, and the remainder shall vest on the third anniversary of the Original Grant Date.
Appears in 1 contract
Sources: Organizer Stock Option Agreement (SouthEast Bancshares, Inc.)