Vesting, Exercisability and Termination. (a) No portion of this Stock Option may be exercised until such portion shall have vested. (b) Subject to Section 6 and to the determination of the Committee in its sole discretion to accelerate the vesting schedule hereunder, this Stock Option shall become vested and exercisable with respect to the Option Shares on the respective dates indicated below: 25% 12 months from the Vesting Date 2.0833% The 28th day of each month thereafter for the following 36 months
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (BladeLogic, Inc.), Incentive Stock Option Agreement (BladeLogic, Inc.)