Vesting Clause Example from Business Contracts

This example Vesting clause appears in 3 contracts from 1 company

Vesting. The term "vest" as used herein with respect to the Stock Option or any portion thereof means to become exercisable and the term "vested" as used herein with respect to the Stock Option (or any portion thereof) means that the Stock Option (or portion thereof) is then exercisable. Unless earlier terminated, forfeited, relinquished or expired, the Stock Option will vest as to [_________], in each case, subject to the Participant's continued Employment through the applicable vesting date.