Common use of Time Vesting Schedule Clause in Contracts

Time Vesting Schedule. (a) 50% of the Options shall vest on October 1, 2021 (the “First Vesting Date”); (b) 30% of the Options shall vest on October 1, 2022 (the “Second Vesting Date”); (c) 10% of the Options shall vest on October 1, 2023 (the “Third Vesting Date”); and (d) 10% of the Options shall vest on October 1, 2024 (the “Fourth Vesting Date”). The Time Vesting Schedule is illustrated as set forth in Exhibit A.