Common use of EXERCISE OPTION Clause in Contracts

EXERCISE OPTION. The Option shall be exercisable as follows: EXERCISE PERIOD Commencement Expiration Number of Shares Date Date ---------------- ------------ ---------- 37,500 ____________, 2002 ___________, 2006 37,500 ____________, 2002 ___________, 2006 37,500 ____________, 2003 ___________, 2006 37,500 ____________, 2003 ___________, 2006 The Employment Agreement shall govern those events that require acceleration of the foregoing vesting schedule.

Appears in 1 contract

Sources: Employment Agreement (Ediets Com Inc)

EXERCISE OPTION. The Option shall be exercisable as follows: EXERCISE PERIOD Commencement Expiration Number of Shares Date Date ---------------- ------------ ---------- ------------------- 37,500 ____________, 2002 ___________, 2006 37,500 ____________, 2002 ___________, 2006 37,500 ____________, 2003 ___________, 2006 37,500 ____________, 2003 ___________, 2006 The Employment Agreement shall govern those events that require acceleration of the foregoing vesting schedule.

Appears in 1 contract

Sources: Employment Agreement (Ediets Com Inc)