Common use of Time Vesting Condition Clause in Contracts

Time Vesting Condition. Twenty five percent (25%) of the RSUs shall time vest on the first anniversary of the Vesting Commencement Date and seventy five percent (75%) of the RSUs shall time vest in equal monthly installments at the end of each full month thereafter until the fourth (4th) anniversary of the Vesting Commencement, subject to the Grantee’s continued Service with the Company on each applicable time vesting date (“Time Vesting Condition”).

Time Vesting Condition. Twenty five percent (25%) of the RSUs shall time vest on each of the first anniversary four (4) anniversaries of the Vesting Commencement Date and seventy five percent (75%) of the RSUs shall time vest in equal monthly installments at the end of each full month thereafter until the fourth (4th) anniversary of the Vesting CommencementDate, subject to the Grantee’s continued Service with the Company on each applicable time vesting date (“Time Vesting Condition”).