Vested Covered Shares

Vested Covered Shares. At the relevant time of reference thereto (including at any time the Option is exercised), that number of the Covered Shares that are, at such time, vested pursuant to, and in accordance with, the Vesting Schedule; provided, however, that (A) upon a Change of Control that occurs prior to the termination of Optionee's Service for any reason, all of the Covered Shares that are not then Vested Covered Shares shall automatically become Vested Covered Shares, and (B) upon a termination by the... Company or its stockholders of the Optionee's Service without Cause, all of the Covered Shares that are not then Vested Covered Shares shall automatically become Vested Covered Shares. View More

Vested Covered Shares. At the relevant time of reference thereto (including at any time the Option is exercised), that number of the Covered Shares that are, at such time, both (A) Time Vested and (B) Financing Event Vested