Initial Awards. Each Initial Award that is an Initial Option shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Option shall be fully vested on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Director through each such vesting date. Each Initial Award that is an Initial RSU shall vest in twelve (12) substantially equal quarterly installments following the date of grant, such that the Initial RSUs |
Initial Awards.Options. Each Initial Award that is an Initial Option shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Option shall be fully vested on the third anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Director through each such vesting date. Each Initial Award that is an Initial RSU shall vest in twelve (12) substantially equal quarterly installments following the date of grant, such that the Initial RSUs |
Initial Awards. EachVesting. Subject to Section 2(d)(iii) below, each Initial Award that is an Initial Option shall vest and become exercisable in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Option shall be fully vested on the thirdeach monthly anniversary of the date of grant, subject to the Non-Employee Director continuing in service as a Non-Employee Directorto provide services to the Company through each such vesting date. Each InitialSubject to Section 2(d)(iii) below, each Subsequent Award that is an Initial RSU shall vest and become exercisable in twelve (12) substantially equal quarterly installments followingfull on the earlier of the one=year anniversary of the date of grant,grant and the next annual meeting of the Company’s stockholders after the grant date, subject to the Non-Employee Director continuing to provide services to the Company through such that the Initial RSUs |vesting date.
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