Common use of Period of Option and Conditions of Exercise Clause in Contracts

Period of Option and Conditions of Exercise. (a) Unless the Option is previously terminated pursuant to this Agreement or the Plan, the Option shall terminate on the tenth anniversary of the Date of Grant (the “Expiration Date”). Upon the termination of the Option, all rights of the Optionee hereunder shall cease. (b) Subject to the provisions of the Plan and this Agreement, the Option shall become exercisable: (i) as to % of the Option Shares on ; (ii) as to % of the Option Shares on ; (iii) as to % of the Option Shares on ; and (iv) as to % of the Option Shares on .

Period of Option and Conditions of Exercise. (a) Unless the Option is previously terminated pursuant to this Agreement or the Plan, the Option shall terminate on the tenth anniversary of the Date of Grant (the “Expiration Date”). Upon the termination of the Option, all rights of the Optionee hereunder shall cease. (b) Subject to the provisions of the Plan and this Agreement, the Option shall become exercisable: (i) as to 25% of the Option Shares on __________________; (ii) as to 25% of the Option Shares on __________________; (iii) as to 25% of the Option Shares on __________________; and (iv) as to 25% of the Option Shares on __________________.

Period of Option and Conditions of Exercise. (a) Unless the Option is previously terminated pursuant to this Agreement or the Plan, the Option shall terminate on the tenth anniversary of the Date of Grant (the “Expiration Date”). Upon the termination of the Option, all rights of the Optionee hereunder shall cease. (b) Subject to the provisions of the Plan and this Agreement, the Option shall become exercisable: (i) as to 25% of the Option Shares on ; (ii) as to 25% of the Option Shares on on; (iii) as to 25% of the Option Shares on ; and (iv) as to 25% of the Option Shares on .