Common use of Commencement of Exercisability Clause in Contracts

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the Option shall become exercisable in four cumulative installments as follows: (i) The first installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the The Option shall become exercisable in four three (3) cumulative installments as follows: (i) The first installment shall consist of 25 fifteen percent (15%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 fifty percent (50%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 one-hundred percent (100%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivb) The fourth installment shall consist of 25 percent Upon the Termination of the shares covered by the Director, such portion of this Option which was not then vested and shall become exercisable on the fourth anniversary of shall automatically become fully vested and exercisable, provided, however, that such Termination shall be not less than one year from the date the Option is grantedhereof. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the This Option Right shall become exercisable in four three (3) cumulative installments as follows: (i) The first installment shall consist of 25 percent one-third (1/3) of the shares covered by the Option Right and shall become exercisable on the first anniversary of the date the Option is grantedDate of Grant. (ii) The second installment shall consist of 25 percent one-third (1/3) of the shares covered by the Option Right and shall become exercisable on the second anniversary of the date the Option is grantedDate of Grant. (iii) The third installment shall consist of 25 percent one-third (1/3) of the shares covered by the Option Right and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist Date of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedGrant. (b) Any portion of the Option Right that has not yet become exercisable pursuant to 3.1(a) shall become exercisable in full immediately in the event of a Change in Control. (c) No portion of the Option Right which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) a. Subject to Sections 2.1(b) 3.1(b), 3.2, 3.3, and 2.33.4, the Option shall become exercisable in four cumulative installments as follows: (i) The first installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of 25 percent of the all remaining shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) b. No portion of the Option which is unexercisable at Termination of Employment shall thereafter become be exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the The Option shall become exercisable in four three (3) cumulative installments as follows: (i) The first installment shall consist of 25 fifteen percent (15%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 fifty percent (50%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 one hundred percent (100%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivb) The fourth installment shall consist of 25 percent of the shares covered Except as may otherwise be permitted by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No Board, no portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the The Option shall become exercisable in four three (3) cumulative installments as follows: (i) The first installment shall consist of 25 percent one-third (1/3rd) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent one-third (1/3rd) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent one-third (1/3rd) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the The Option shall become exercisable in four (4) cumulative installments as follows: (ia) The first installment shall consist of 25 twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (iib) The second installment shall consist of 25 twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iiic) The third installment shall consist of 25 twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivd) The fourth installment shall consist of 25 twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to subsection (b), Sections 2.1(b) 3.4, 3.5 and 2.35.6, the Option shall become exercisable in four three (3) cumulative annual installments as follows: (i) The first installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivii) The fourth second installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (iii) The third installment shall consist of of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) subsection (b), Section 3.4 and 2.3Section 5.6, the Option shall become exercisable in four three (3) cumulative annual installments as follows: (i) The first installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivii) The fourth second installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (iii) The third installment shall consist of of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is granted. (b) No portion of the Option Options which is are unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(bsubsection (e) and 2.3Section 3.3, 25% of the Option shall become exercisable in four equal and cumulative installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows: (i) The first installment shall consist of 25 percent 6.25% of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted.Grant Date; (ii) The second installment shall consist of 25 percent 6.25% of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted.Grant Date; (iii) The third installment shall consist of 25 percent 6.25% of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted.Grant Date; and (iv) The fourth installment shall consist of 25 percent 6.25% of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedGrant Date. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the The Option shall become exercisable in four three (3) cumulative installments as follows: (i) The first installment shall consist of 25 percent one-third (1/3) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent one-third (1/3) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent one-third (1/3) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment Directorship shall thereafter become exercisable, except as set forth in Section 3.4.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3, the The Option shall become exercisable in four three (3) cumulative installments as follows: (i) The first installment shall consist of 25 fifteen percent (15%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 fifty percent (50%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 one-hundred percent (100%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivb) The fourth installment shall consist of 25 percent of the shares covered Except as may otherwise be permitted by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No Board, no portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) and 2.3Section 5.6, the Option shall become exercisable in four [three (3) cumulative installments as follows: (i) The first installment shall consist of 25 percent one-third (1/3rd) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of 25 percent one-third (1/3rd) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of 25 percent one-third (1/3rd) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth ] [or other installment shall consist of 25 percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedschedule.] (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Sections 2.1(b) subsection (b), Section 3.4 and 2.3Section 5.6, the Option shall become exercisable in four cumulative installments as follows: (i) The first installment shall consist of 25 forty percent (40%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is grantedhereof. (ii) The second installment shall consist consisting of 25 sixty percent (60%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is grantedhereof. (iii) The third installment shall consist consisting of 25 eighty percent (80%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is grantedhereof. (iv) The fourth installment shall consist consisting of 25 one hundred percent (100%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedhereof. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.