Common use of Option Terms Clause in Contracts

Option Terms. (a) The Option shall become exercisable in accordance with the following Schedule: Years From Date of Grant Amount Exercisable ------------------------ ------------------ One 0% Two 25% Three 50% Four 75% Five 100% (b) Notwithstanding the provisions of paragraph (a) of this Section 3, the Option shall not be exercisable after the expiration of ten (10) years from the date the Option is granted hereunder. Further, in the event the Participant's Employment terminates for any reason whatsoever, whether because of his death, Disability, termination with or without Cause, voluntary termination or otherwise, the Option, (i) to the extent it has not theretofore become exercisable, shall terminate as of the date such Employment terminates, and (ii) to the extent it has become exercisable but has not been exercised, shall terminate three (3) months after the date such Employment terminates.

Option Terms. (a) The Option shall become exercisable in accordance with the following Schedule: Years From Date of Grant Amount Exercisable ------------------------ ----------------------- ------------------ One 0% Two 25% Three 50% Four 75% Five 100% (b) Notwithstanding the provisions of paragraph (a) of this Section 3, the Option shall not be exercisable after the expiration of ten (10) years from the date the Option is granted hereunder. Further, in the event the Participant's Employment terminates for any reason whatsoever, whether because of his his/her death, Disability, termination with or without Cause, voluntary termination or otherwise, the Option, (i) to the extent it has not theretofore become exercisable, shall terminate as of the date such Employment terminates, and (ii) to the extent it has become exercisable but has not been exercised, shall terminate three (3) months after the date such Employment terminates.

Option Terms. (a) The Option shall become exercisable in accordance with the following Schedule: Years From from Date of Grant Amount Exercisable ------------------------ -------- ------------------ One 0% Two 25% Three 50% Four 75% Five 100% (b) Notwithstanding the provisions of paragraph (a) of this Section 3, the Option shall not be exercisable after the expiration of ten (10) years from the date the Option is granted hereunder. Further, in the event the Participant's Employment terminates for any reason whatsoever, whether because of his death, Disability, termination with or without Cause, voluntary termination or otherwise, the Option, (i) to the extent it has not theretofore become exercisable, shall terminate as of the date such Employment terminates, and (ii) to the extent it has become exercisable but has not been exercised, shall terminate three (3) months after the date such Employment terminates.