Vesting of Option. Subject to the provisions hereof and the provisions of the Plan, the Option will vest and become exercisable as follows: (a) Except as otherwise provided in this Section 4, the Option will vest and become exercisable in accordance with the following schedule: (i) on the first anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (ii) on the second anniversary of the Date of Gr
...ant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (iii) on the third anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; and (iv) on the fourth anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option. To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part. (b) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination of Service due to the Participant's death or Total and Permanent Disability before a date provided in subsection (a), then a pro rata portion of the shares of Common Stock subject to the Option that would have vested on the anniversary of the Date of Grant next following the date of the Participant's Termination of Service due to his death or Total and Permanent Disability (the "Next Vesting Date") (prorated based on the number of days of the Participant's employment during the one-year period immediately preceding the Next Vesting Date) will vest and become exercisable on the date of the Participant's death or Total and Permanent Disability. (c) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination of Service upon or within 12 months following a Change in Control (i) by the Company without Cause (as that term is defined in the Employment Agreement, which term is defined in Section 22 below), (ii) by the Company upon its nonrenewal of the Employment Agreement, or (iii) by the Participant for Good Reason (as that term is defined in the Employment Agreement), then all of the shares of Common Stock subject to the Option which have not yet vested will vest and become exercisable on the date of such Termination of Service.
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Vesting of Option. Subject to the provisions hereof and the provisions of the Plan, the Option will vest and become exercisable as follows: (a) Except as otherwise provided in this Section 4, the Option will vest and become exercisable in accordance with the following schedule: (i) on
the first anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (ii) on
the second anniversary of the Date of ...Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (iii) on the third anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; and 1 (iv) on the fourth anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option. Option; To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part. (b) Notwithstanding any provision of this Section 4 to the contrary, in the event Optionee's service as an employee of the Participant's Termination of Service Company is terminated due to the Participant's death or Total and Permanent Disability of Optionee before a date provided in subsection (a), then a pro rata portion of the shares of Common Stock subject to the Option that would have vested on the anniversary of the Date of Grant next following the date of the Participant's Termination of Service due to his death or Total and Permanent Disability (the "Next Vesting Date") (prorated based on the number of days of the Participant's employment during the one-year period immediately preceding the Next Vesting Date) will vest and become exercisable on the date of the Participant's death or Total and Permanent Disability. (c) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination of Service upon or within 12 months following a Change in Control (i) by the Company without Cause (as that term is defined in the Employment Agreement, which term is defined in Section 22 below), (ii) by the Company upon its nonrenewal of the Employment Agreement, or (iii) by the Participant for Good Reason (as that term is defined in the Employment Agreement), then all of the shares of Common Stock subject to the Option which have not yet vested will vest and become exercisable on the date of such Termination of Service. death or Disability.
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Vesting of Option. Subject to the provisions
hereof of the Plan and the
provisions provision of
the Plan, this Agreement, the Option will vest and become exercisable as follows: (a) Except as otherwise provided in this Section 4, the Option will vest and become exercisable in accordance with the following schedule: (i) on
the first anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (ii) on
...the second anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; 1 (iii) on the third anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; and (iv) on the fourth anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option. Option; To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part. (b) Notwithstanding any provision of this Section 4 to the contrary, in the event Optionee's service as an employee of the Participant's Termination of Service Company is terminated due to the Participant's death or Total and Permanent Disability of Optionee before a date provided in subsection (a), then a pro rata portion of the shares of Common Stock subject to the Option that would have vested on the anniversary of the Date of Grant next following the date of the Participant's Termination of Service due to his death or Total and Permanent Disability (the "Next Vesting Date") (prorated based on the number of days of the Participant's employment during the one-year period immediately preceding the Next Vesting Date) will vest and become exercisable on the date of the Participant's death or Total and Permanent Disability. (c) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination of Service upon or within 12 months following a Change in Control (i) by the Company without Cause (as that term is defined in the Employment Agreement, which term is defined in Section 22 below), (ii) by the Company upon its nonrenewal of the Employment Agreement, or (iii) by the Participant for Good Reason (as that term is defined in the Employment Agreement), then all of the shares of Common Stock subject to the Option which have not yet vested will vest and become exercisable on the date of such Termination of Service. death or Disability.
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Vesting of Option. Subject to the provisions hereof and the provisions of the Plan, the Option will vest and become exercisable as follows: (a) Except as otherwise provided in this Section 4, the Option will vest and become exercisable in accordance with the following schedule: (i) on the
first anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to,
one-quarter (25%) ( %) of the shares of Common Stock subject to the
Option; Option, provided the Participant is an Empl...oyee of the Company or a Subsidiary on such date; (ii) on the second anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) ( %) of the shares of Common Stock subject to the Option; Option, provided the Participant is an Employee of the Company or a Subsidiary on such date; (iii) on the third anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) ( %) of the shares of Common Stock subject to the Option; Option, provided the Participant is an Employee of the Company or a Subsidiary on such date; and (iv) on the fourth anniversary of the Date of Grant, the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) ( %) of the shares of Common Stock subject to the Option. Option, provided the Participant is an Employee of the Company or a Subsidiary on such date. To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part. (b) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination termination of Service employment due to the Participant's death or Total and Permanent Disability before a date provided in subsection (a), then a pro rata portion of the shares of Common Stock subject to the Option that would have vested on the anniversary of the Date of Grant next following the date of the Participant's Termination termination of Service employment due to his death or Total and Permanent Disability (the "Next Vesting Date") (prorated based on the number of days of the Participant's employment during the one-year period immediately preceding the Next Vesting Date) will vest and become exercisable on the date of the Participant's termination of employment due to his death or Total and Permanent Disability. (c) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination termination of Service employment upon or within 12 months following a Change in Control Control: (i) by the Company without Cause (as that term is defined in the Employment Agreement, which term is defined in Section 22 below), Agreement), (ii) by the Company upon its nonrenewal of the Employment Agreement, or (iii) by the Participant for Good Reason (as that term is defined in the Employment Agreement), then all of the shares of Common Stock subject to the Option which have not yet vested will vest and become exercisable on the date of such Termination termination of Service. employment. (d) In the event of the Participant's termination of employment for any reason other than as provided in subsection (b) or (c) above, the Option shall not continue to vest after such termination of employment and shall be subject to termination pursuant to Section 6. For purposes of clarity, if the Participant's role with the Company is modified so that he is solely serving as the Executive Chairman, the Option shall continue to vest, until the date he ceases serving as Executive Chairman and he shall not be deemed to have terminated employment until such date. (e) Notwithstanding any provision of this Section 4 to the contrary, if a Change in Control occurs and, in connection with such Change in Control, the successor entity to the Company does not assume the Option, then all of the shares of Common Stock subject to the 2 Option which have not yet vested will vest and become exercisable on the date of such Change in Control.
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Vesting of Option. Subject to the provisions hereof and the provisions of the Plan, the Option will vest and become exercisable as follows: (a) Except as otherwise provided in this Section 4, the Option will vest and become exercisable in accordance with the following schedule: (i) on
the first anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (ii) on
the second anniversary of the Date of ...Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; (iii) on the third anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option; and (iv) on the fourth anniversary of the Date of Grant, , the Option will vest with respect to, and may be exercised for up to, one-quarter (25%) of the shares of Common Stock subject to the Option. To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part. (b) Notwithstanding any provision of this Section 4 to the contrary, in the event of the Participant's Termination of Service due to the Participant's death or Total and Permanent Disability before a date provided in subsection (a), then a pro rata portion all of the shares of Common Stock subject to the Option that would which have not yet vested on the anniversary of the Date of Grant next following the date of the Participant's Termination of Service due to his death or Total and Permanent Disability (the "Next Vesting Date") (prorated based on the number of days of the Participant's employment during the one-year period immediately preceding the Next Vesting Date) will vest and become exercisable on the date of the Participant's death or Total and Permanent Disability. (c) Notwithstanding any provision provisions of this Section 4 to the contrary, in the event a Change in Control occurs prior to the date of the Participant's Termination of Service upon or within 12 months following a Change in Control (i) by the Company without Cause (as that term is defined in the Employment Agreement, which term is defined in Section 22 below), (ii) by the Company upon its nonrenewal of the Employment Agreement, or (iii) by the Participant for Good Reason (as that term is defined in the Employment Agreement), Service, then all of the shares of Common Stock subject to the Option which have not yet vested will vest and become exercisable on the date of such Termination of Service. Change in Control.
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