Common use of Second Installment Clause in Contracts

Second Installment. Commencing on the first anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised. Notwithstanding the foregoing, upon a Change of Control as defined in the 1997 Stock Option Plan for Non-Employee Directors, Optionee shall have the right to exercise the Option in full as to all Option Shares.

Second Installment. Commencing on the first anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised. Notwithstanding the foregoing, upon a Change of in Control as defined in the 1997 Stock Option Plan for Non-Employee Directorsor the retirement of the Optionee as a director, Optionee shall have the right to exercise the Option in full as to all Option Shares.

Second Installment. Commencing on the first anniversary First Anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised. Notwithstanding the foregoing, upon a Change of in Control as defined in the 1997 Stock Option Plan for Non-Employee Directorsor the retirement of the Optionee as a director, Optionee shall have the right to exercise the Option in full as to all Option Shares.