Common use of Vesting and Exercisability Expiration Clause in Contracts

Vesting and Exercisability Expiration. You cannot exercise the Options until they All Options expire on the earlier of (1) the have vested. Date of Expiration as stated above or (2) such earlier date provided for under the Regular Vesting – The Options will vest in terms of the Employment Agreement. accordance with the following schedule Once an Option expires, you no longer (subject to the other terms hereof): have the right to exercise it. Percent Date Employment Agreement The vesting, exercisability and forfeiture of your Options will be subject to the terms of Section 5 of the Employment Agreement. In addition, your Options will be subject to Section 3(b)(iv)(H) and Section 3(b)(iv)(I) of the Employment