Common use of Period of Exercisability Clause in Contracts

Period of Exercisability. SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY -------------------------------------------- (a) Subject to Sections 3.4 and 3.5, the Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment shall consist of 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. (ii) The second installment shall consist of 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. (iii) The third installment shall consist of 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. (iv) The fourth installment shall consist of 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. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

Period of Exercisability. SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------Section 3.1. Commencement of Exercisability ------------ ------------------------------ (a) Subject to Sections 3.4 subsections (b), (c) and 3.5(d) below, and Section 3.3, the Option shall become exercisable in four (4) five cumulative installments as follows: (i) The first installment shall consist of twenty-five ten percent (2510%) of the shares covered by the Option and shall be immediately exercisable on the Grant Date. (ii) The second installment shall consist of ten percent (10%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is grantedGrant Date. (iiiii) The second third installment shall consist of twenty-five twenty percent (2520%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is grantedGrant Date. (iiiiv) The third fourth installment shall consist of twenty-five twenty percent (2520%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is grantedGrant Date. (ivv) The fourth fifth installment shall consist of twenty-five forty percent (2540%) 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. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment (c) Notwithstanding subsection (a), upon the occurrence of the first Acceleration Event as of which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event Optionee remains continuously employed by the provisions of Section 3.4 become applicableCompany from the Grant Date, the Option shall remain become exercisable until in full provided it becomes unexercisable under Section 3.3has not otherwise expired as of such date.

Period of Exercisability. SECTION Section 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------Commencement of Exercisability ----------- ------------------------------ (a) The Option may not be exercised in whole or in part during the first year after the date of grant of the Option. (b) Subject to the provisions of Sections 3.4 3.1(a) and 3.53.1(c), the Option shall become exercisable in four two (42) cumulative installments as follows: (i) The first installment shall consist of twenty-five fifty percent (2550%) 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 twenty-five fifty percent (2550%) 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 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. (iv) The fourth installment shall consist of 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. (bc) No portion of the an Option which is unexercisable at Termination on the date of Employment Removal as a Non-Employee Director shall thereafter become exercisable. The portion, if any, of an Option which is unexercisable on the date of Termination as a Non- Employee Director shall become immediately exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

Period of Exercisability. SECTION Section 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------Commencement of Exercisability ----------- ------------------------------ (a) Subject to Sections 3.4 3.5 and 3.55.6, the Option shall become exercisable in four five (45) cumulative installments as follows: (i) The first installment shall consist of twentyone-five percent fifth (25%1/5th) 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 twentyone-five percent fifth (25%1/5th) 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 twentyone-five percent fifth (25%1/5th) 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 twentyone-five percent fifth (25%1/5th) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of one-fifth (1/5th) 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. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

Period of Exercisability. SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------EXERCISABILITY (a) Subject to Sections 3.4 Section 5.3 and 3.55.7 hereof, the Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment (the FIRST INSTALLMENT) shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on [_______ __, 199__] [the first anniversary of the date the Option is grantedgranted or the date the Option begins to vest, whichever is earlier]. (ii) The second installment (the SECOND INSTALLMENT) shall consist of 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 grantedgranted or the date the Option begins to vest, whichever is earlier]. (iii) The third installment (the THIRD INSTALLMENT) shall consist of 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 grantedgranted or the date the Option begins to vest, whichever is earlier]. (iv) The fourth installment (the FOURTH INSTALLMENT) shall consist of 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 grantedgranted or the date the Option begins to vest, whichever is earlier]. (b) No portion of the Option which is unexercisable at [Termination of Employment Consultancy] [Termination of Employment] shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

Period of Exercisability. SECTION Section 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------Commencement of Exercisability (a) Subject to Sections 3.4 and 3.5, the The Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment shall consist of twenty-five ____ percent (25___%) of the shares of Class A Common Stock covered by the Option and shall become exercisable on the first anniversary of the date the Option is grantedCommitment Date. (ii) The second installment shall consist of twenty-five ____ percent (25___%) of the shares of Class A Common Stock covered by the Option and shall become exercisable on the second anniversary of the date the Option is grantedCommitment Date. (iii) The third installment shall consist of twenty-five ____ percent (25___%) of the shares of Class A Common Stock covered by the Option and shall become exercisable on the third anniversary of the date the Option is grantedCommitment Date. (iv) The fourth installment shall consist of twenty-five ____ percent (25___%) of the shares of Class A Common Stock covered by the Option and shall become exercisable on the fourth anniversary of the date Commitment Date. (v) The fifth installment shall consist of ____ percent (___%) of the shares of Class A Common Stock covered b the Option is grantedand shall become exercisable on the fifth anniversary of the Commitment Date. (b) No Subject to Section 3.4, no portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

Period of Exercisability. SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------EXERCISABILITY (a) Subject to Sections 3.4 3.4, 5.3 and 3.55.7 hereof, the Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment (the FIRST INSTALLMENT) shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on [_______ __, 199__] [the first anniversary of the date the Option is grantedgranted or the date the Option begins to vest, whichever is earlier]. (ii) The second installment (the SECOND INSTALLMENT) shall consist of 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 grantedgranted or the date the Option begins to vest, whichever is earlier]. (iii) The third installment (the THIRD INSTALLMENT) shall consist of 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 grantedgranted or the date the Option begins to vest, whichever is earlier]. (iv) The fourth installment (the FOURTH INSTALLMENT) shall consist of 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 grantedgranted or the date the Option begins to vest, whichever is earlier]. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

Period of Exercisability. SECTION Section 3.1 - COMMENCEMENT OF EXERCISABILITY --------------------------------------------Commencement of Exercisability ----------- ------------------------------ (a) Subject to Sections 3.4 and 3.5Section 5.6, the Option shall become exercisable in four five (45) cumulative installments instruments as follows: (i) The first installment shall consist of twenty-five percent fifty three thousand (25%53,000) of the shares covered by the Option and shall become exercisable on the Effective Date (as defined in the Executive's Employment Agreement with the Company). (ii) The second installment shall consist of fifty three thousand (53,000) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is grantedof execution of this Agreement. (iiiii) The second third installment shall consist of twenty-five percent fifty three thousand (25%53,000) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is grantedof execution of this Agreement. (iiiiv) The third fourth installment shall consist of twenty-five percent fifty three thousand (25%53,000) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is grantedof execution of this Agreement. (ivv) The fourth fifth installment shall consist of twenty-five percent fifty three thousand (25%53,000) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedof execution of this Agreement. (b) No portion of the Option which is unexercisable at Termination of Employment or Termination of Consultancy, as applicable, shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.