Vesting Schedule Clause Example from Business Contracts

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

Vesting Schedule. This option will become exercisable ("vest") as to [100% of the original number of Shares on the first anniversary of the Grant Date] [33 1⁄3% of the original number of Shares on the first, second and third anniversary of the Grant Date] subject to continuous service with the Company through each such anniversary. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whol...e or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. View More