Vesting Clause Example from Business Contracts

This example Vesting clause appears in 4 contracts from 2 companies

Vesting. The total number of Shares subject to this Option shall vest in accordance with the Vesting Schedule (described in Section 19). The Shares may be purchased at any time after they become vested, in whole or in part, during the Option Period; provided, however, the Option may only be exercisable to acquire whole Shares. The right of exercise provided herein shall be cumulative so that if the Option is not exercised to the maximum extent permissible after vesting, the vested portion of the Option s...hall be exercisable, in whole or in part, at any time during the Option Period. View More