Common use of OF OPTION Clause in Contracts

OF OPTION. The Option hereby granted shall vest only during the Optionee's continuous employment with the Corporation and/or any Parent and/or any Subsidiary, and shall be exercisable only upon and after such vesting and prior to its termination, by Optionee in accordance with the following schedule: 20% of the Option Shares Commencing on the first (1st) anniversary of the grant of the Option Additional 20% of Commencing on the second (2nd) the Option Shares anniversary of the grant of the Option Additional 20% of Commencing on the third (3rd) the Option Shares anniversary of the grant of the Option Additional 20% of Commencing on the fourth (4th) the Option Shares anniversary of the grant of the Option Additional 20% of Commencing on the fifth (5th) the Option Shares anniversary of the grant of the Option Notwithstanding the foregoing provisions of this Section IV, in the event of a Change in Control (as hereinafter defined) during the Optionee's employment with the Corporation and/or any Parent and/or any Subsidiary, the Option hereby granted shall vest with respect to all of the Option Shares immediately prior to such Change in Control.

OF OPTION. The Option hereby granted shall vest only during the Optionee's continuous employment with the Corporation and/or any Parent and/or any Subsidiary, and shall be exercisable only upon and after such vesting and prior to its termination, by Optionee in accordance with the following schedule: 2025% of the Option Shares Commencing on the first (1st) anniversary of the grant of the Option Additional 2025% of the Commencing on the second (2nd) the Option Shares anniversary of the grant of the Option Additional 2025% of the Commencing on the third (3rd) the Option Shares anniversary of the grant of the Option Additional 2025% of the Commencing on the fourth (4th) the anniversary Option Shares anniversary of the grant of the Option Additional 20% of Commencing on the fifth (5th) the Option Shares anniversary of the grant of the Option Notwithstanding the foregoing provisions of this Section IV, in the event of a Change in Control (as hereinafter defined) during the Optionee's employment with the Corporation and/or any Parent and/or any Subsidiary, the Option hereby granted shall vest with respect to all of the Option Shares immediately prior to such Change in Control.

OF OPTION. The Option hereby granted shall vest only during the Optionee's continuous employment with the Corporation and/or any Parent and/or any Subsidiary, and shall be exercisable only upon and after such vesting and prior to its termination, by Optionee in accordance with the following schedule: 2025% of the Option Shares Commencing on the first (1st) anniversary of the grant of the Option Additional 2025% of the Commencing on the second (2nd) the Option Shares anniversary of the grant of the Option Additional 2025% of the Commencing on the third (3rd) the Option Shares anniversary of the grant of the Option Additional 2025% of the Option Shares Commencing on the fourth (4th) the Option Shares anniversary of the grant of the Option Additional 20% of Commencing on the fifth (5th) the Option Shares anniversary of the grant of the Option Notwithstanding the foregoing provisions of this Section IV, in the event of a Change in Control (as hereinafter defined) during the Optionee's employment with the Corporation and/or any Parent and/or any Subsidiary, the Option hereby granted shall vest with respect to all of the Option Shares immediately prior to such Change in Control.