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 25% of the original number of Shares on [ ] (the "Vesting Commencement Date") and as to an additional 2.0833% of the original number of Shares at the end of each successive one-month period following the Vesting Commencement Date until [ ]. 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 whole or in part, with respe...ct 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