diff --git a/contracts/token/TokenVesting.sol b/contracts/token/TokenVesting.sol
index a85f02dfe..c201a4770 100644
--- a/contracts/token/TokenVesting.sol
+++ b/contracts/token/TokenVesting.sol
@@ -57,14 +57,15 @@ contract TokenVesting is Ownable {
    */
   function release(ERC20Basic token) public {
     uint256 vested = vestedAmount(token);
+    uint256 unreleased = releasableAmount(token);
 
-    require(vested > 0);
+    require(unreleased > 0);
 
-    token.safeTransfer(beneficiary, vested);
+    token.safeTransfer(beneficiary, unreleased);
 
-    released[token] = released[token].add(vested);
+    released[token] = released[token].add(unreleased);
 
-    Released(vested);
+    Released(unreleased);
   }
 
   /**
@@ -78,12 +79,12 @@ contract TokenVesting is Ownable {
 
     uint256 balance = token.balanceOf(this);
 
-    uint256 vested = vestedAmount(token);
-    uint256 vesting = balance - vested;
+    uint256 unreleased = releasableAmount(token);
+    uint256 refund = balance.sub(unreleased);
 
     revoked[token] = true;
 
-    token.safeTransfer(owner, vesting);
+    token.safeTransfer(owner, refund);
 
     Revoked();
   }
@@ -92,20 +93,24 @@ contract TokenVesting is Ownable {
    * @dev Calculates the amount that has already vested but hasn't been released yet.
    * @param token ERC20 token which is being vested
    */
+  function releasableAmount(ERC20Basic token) public constant returns (uint256) {
+    return vestedAmount(token).sub(released[token]);
+  }
+
+  /**
+   * @dev Calculates the amount that has already vested.
+   * @param token ERC20 token which is being vested
+   */
   function vestedAmount(ERC20Basic token) public constant returns (uint256) {
+    uint256 currentBalance = token.balanceOf(this);
+    uint256 totalBalance = currentBalance.add(released[token]);
+
     if (now < cliff) {
       return 0;
     } else if (now >= start + duration || revoked[token]) {
-      return token.balanceOf(this);
+      return totalBalance;
     } else {
-      uint256 currentBalance = token.balanceOf(this);
-      uint256 totalBalance = currentBalance.add(released[token]);
-
-      uint256 vested = totalBalance.mul(now - start).div(duration);
-      uint256 unreleased = vested.sub(released[token]);
-
-      // currentBalance can be 0 in case of vesting being revoked earlier.
-      return Math.min256(currentBalance, unreleased);
+      return totalBalance.mul(now - start).div(duration);
     }
   }
 }
diff --git a/test/TokenVesting.js b/test/TokenVesting.js
index c391c6577..6a4d86206 100644
--- a/test/TokenVesting.js
+++ b/test/TokenVesting.js
@@ -83,12 +83,11 @@ contract('TokenVesting', function ([_, owner, beneficiary]) {
     await increaseTimeTo(this.start + this.cliff + duration.weeks(12));
 
     const vested = await this.vesting.vestedAmount(this.token.address);
-    const balance = await this.token.balanceOf(this.vesting.address);
 
     await this.vesting.revoke(this.token.address, { from: owner });
 
     const ownerBalance = await this.token.balanceOf(owner);
-    ownerBalance.should.bignumber.equal(balance.sub(vested));
+    ownerBalance.should.bignumber.equal(amount.sub(vested));
   });
 
   it('should keep the vested tokens when revoked by owner', async function () {