Common use of Method of Exercising the Option Clause in Contracts

Method of Exercising the Option. (a) DATE OF VESTING. Subject to other restrictions and limitations in the Plan, this Option plan will continue to vest as long as the undersigned is employed by Mirenco: January 1, 2000 20,000 March 31, 2000 20,000 June 30, 2000 20,000 September 30, 2000 20,000 January 1, 2001 20,000 March 31, 2001 20,000 June 30, 2001 20,000 September 30, 2001 20,000 January 1, 2002 15,000 March 31, 2002 15,000 June 30, 2002 15,000 September 30, 2002 15,000 January 1, 2003 15,000 March 31, 2003 15,000 June 30, 2003 15,000 September 30, 2003 15,000