Common use of Schedule of Rights to Exercise Clause in Contracts

Schedule of Rights to Exercise. Date Percentage of Total Stock ---- Options Awarded Which Are Non-forfeitable --------------- ________________ ____, _______ 20% ________________ ____, _______ 40% ________________ ____, _______ 60% ________________ ____, _______ 80% ________________ ____, _______ 100% Notwithstanding any provisions in this Section 2, in no event shall this Option be exercisable prior to one year following the date of grant, except in the event of death, retirement or Permanent and Total Disability of the Optionee. These Options shall be 100% vested and exercisable upon the death or disability of the Optionee, or upon a Change in Control of the Company.

Schedule of Rights to Exercise. Date Percentage of Total Stock ---- ---------------- Options Awarded Which Are Non-forfeitable --------------- ________________ ____, _______ 20% ________________ ____, _______ 40% ________________ ____, _______ 60% ________________ ____, _______ 80% ________________ ____, _______ 100% Notwithstanding any provisions in this Section 2, in no event shall this Option be exercisable prior to one year following the date of grant, except in the event of death, retirement or Permanent and Total Disability of the Optionee. These Options shall be 100% vested and exercisable upon the death or disability of the Optionee, or upon a Change in Control of the Company.