Common use of Schedule of Rights to Exercise Clause in Contracts

Schedule of Rights to Exercise. A. Notwithstanding anything herein to the contrary, except in the event of the death or Disability of the Optionee or a Change in Control of the Company, a minimum of six months must elapse between the date of grant of an option and the date of sale of the Common Stock received through the exercise of such Option. B. Upon death, all Options shall be exercisable by the Beneficiary for the remaining term of such Options. C. Upon Disability, all Options shall be exercisable for the remaining term of such Options. D. Upon the retirement or termination of service of a Director or Director Emeritus, absent death or Disability, such options shall remain exercisable for a period of one year from such date of termination of service.