Vesting Event. [First Anniversary of Grant Date] [Second Anniversary of Grant Date] [Third Anniversary of Grant Date] Option Shares Vested [One-Third] [One-Third] [One-Third] In any event this Option shall become fully vested and exercisable with respect to all of the Option Shares three years after the date hereof.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Avalonbay Communities Inc), Non Qualified Stock Option Agreement (Avalonbay Communities Inc)