Common use of As an Employee Clause in Contracts

As an Employee. If the Option has not been terminated pursuant to Section VII hereof, the Option granted herein may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a committee thereof that administers the Plan (the Board of Directors or a committee thereof is referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its Subsidiary, may exercise the option as follows: 1. at any time after one (1) year of continuous employment by the Optionee from the Date of Grant, the Option may be exercised in whole or in part as to not more than twenty percent (20%) of the total number of Option Shares; 2. at any time after two (2) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional twenty percent (20%) of the total number of Option Shares; 3. at any time after three (3) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional thirty percent (30%) of the total number of Option Shares; 4. at a time after four (4) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to all of the Option Shares remaining subject to the Option. The right to exercise the Option shall be cumulative. Employment by a Subsidiary of the Company shall be considered employment by the Company. The Committee shall have the sole right to accelerate the time when Optionee will become entitled to exercise the Option pursuant to the terms hereof and the Plan.

As an Employee. If the Option this option has not been terminated pursuant to Section VII 6 hereof, subject to the Option terms and conditions contained herein, the option herein granted herein may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a committee Committee thereof that administers the Plan (the Board of Directors or a committee thereof is referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its Subsidiary, may exercise the option as follows: 1. : at any time after one (1) year of continuous employment as an employee for and on behalf of the Company or any Subsidiary of the Company by the Optionee from the Date date of Grantthis Option Agreement, the Option it may be exercised in whole or in part by the Optionee as to not more than twenty percent (20%) of the total number of Option Shares; 2. shares set forth in Section 3 hereof; at any time after two (2) years of continuous employment by the Optionee as an employee for and on behalf of the Company or a Subsidiary of the Company from the Date date of Grantthis Option Agreement, the Option it may be exercised, in whole or in part, exercised by the Optionee as to an additional twenty percent (20%) of the total number of Option Shares; 3. shares set forth in Section 3 hereof; at any time after three (3) years of continuous employment by the Optionee as an employee for and on behalf of the Company or a Subsidiary of the Company from the Date date of Grantthis Option Agreement, the Option it may be exercised, in whole or in part, exercised by the Optionee as to an additional thirty percent (30%) of the total number of Option Shares; 4. shares set forth in Section 3 hereof; and at a any time after four (4) years of continuous employment by the Optionee as an employee for and on behalf of the Company or a Subsidiary of the Company from the Date date of Grantthis Option Agreement, the Option it may be exercisedexercised by the Optionee, in whole or in part, as to all of the Option Shares remaining subject to the Optionshares. The right to exercise the Option option granted herein shall be cumulative. Employment by a Subsidiary of the Company shall be considered employment by the Company. The Committee shall have the sole right to accelerate the time when Optionee will become entitled to exercise the Option pursuant to the terms hereof and the Plan.

As an Employee. For the purposes of this Section IV only, the "Date of Grant" shall be considered granted on _______________________ which is the Date of Grant of the Terminated Option. If the Option has not been terminated pursuant to Section VII hereof, the Option granted herein may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a committee thereof that administers the Plan (the Board of Directors or a committee thereof is referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its SubsidiaryCompany, may exercise the option as follows: 1. at any time after one (1) year of continuous employment by the Optionee from the Date of Grant, the Option may be exercised in whole or in part as to not more than twenty percent (20%) of the total number of Option Shares; 2. at any time after two (2) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional twenty percent (20%) of the total number of Option Shares; 3. at any time after three (3) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional thirty percent (30%) of the total number of Option Shares; 4. at a time after four (4) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to all of the Option Shares remaining subject to the Option. The right to exercise the Option shall be cumulative. Employment by a Subsidiary of the Company shall be considered employment by the Company. The Committee shall have the sole right to accelerate the time when Optionee will become entitled to exercise the Option pursuant to the terms hereof and the Plan.

As an Employee. If the Option has not been terminated pursuant to Section VII 7 hereof, the Option granted herein may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a committee thereof that administers the Plan (the Board of Directors or a committee thereof is referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its SubsidiaryCompany, may exercise the option as follows: 1. 4.1.1 at any time after one (1) year of continuous employment by the Optionee from the Date of Grant, the Option may be exercised in whole or in part as to not more than twenty percent (20%) of the total number of Option Shares; 2. 4.1.2 at any time after two (2) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional twenty percent (20%) of the total number of Option Shares; 3. 4.1.3 at any time after three (3) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercisedexer- cised, in whole or in part, as to an additional thirty percent (30%) of the total number of Option Shares; 4. 4.1.4 at a time after four (4) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to all of the Option Shares remaining subject to the Option. The right to exercise the Option shall be cumulative. Employment by a Subsidiary of the Company shall be considered employment by the Company. The Committee shall have the sole right to accelerate the time when Optionee will become entitled to exercise the Option pursuant to the terms hereof and the Plan.

As an Employee. If the Option has not been terminated pursuant to Section VII 7 hereof, the Option granted herein may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a committee thereof that administers the Plan (the Board of Directors or a committee thereof is referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its SubsidiaryCompany, may exercise the option as follows: 1. 4.1.1 at any time after one (1) year of continuous employment by the Optionee from the Date of Grant, the Option may be exercised in whole or in part as to not more than twenty percent (20%) of the total number of Option Shares; 2. 4.1.2 at any time after two (2) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional twenty percent (20%) of the total number of Option Shares; 3. 4.1.3 at any time after three (3) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional thirty percent (30%) of the total number of Option Shares; 4. 4.1.4 at a time after four (4) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to all of the Option Shares remaining subject to the Option. The right to exercise the Option shall be cumulative. Employment by a Subsidiary of the Company shall be considered employment by the Company. The Committee shall have the sole right to accelerate the time when Optionee will become entitled to exercise the Option pursuant to the terms hereof and the Plan.