Common use of Right to Exercise Option Clause in Contracts

Right to Exercise Option. (a) Subject to the other terms of this Agreement and the Plan, the Option may be exercised on or after the dates indicated below as to that percentage of the total shares of Stock subject to the Option as set forth below opposite each such date, plus any shares of Stock as to which the Option could have been exercised previously, but was not so exercised: Date Percentage ---- ---------- [INSERT DATE] [INSERT PERCENTAGE] [INSERT DATE] [INSERT PERCENTAGE] [INSERT DATE] [INSERT PERCENTAGE] [INSERT DATE] [INSERT PERCENTAGE] (b) Notwithstanding Section 2(a) of this Agreement, in the event of a Change in Control, 100% of the Stock subject to the Option shall become fully exercisable immediately prior to a Change in Control event.