Vesting Schedule Clause Example from Business Contracts

This example Vesting Schedule clause appears in 2 contracts from 1 company

Vesting Schedule. No portion of this Stock Option may be exercised until such portion shall have vested. This Stock Option shall vest and become exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains in a Service Relationship (as defined in the Plan) on such dates: Number ofOption Shares Vesting Vesting Date _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) _____________ (___%) Once vested and exercisable, this Sto...ck Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. View More