Common use of Shares Subject to Exercise Clause in Contracts

Shares Subject to Exercise. This Option shall be exercisable in installments as to ___ percent (___%) of the Shares on and after each of the first ___ anniversaries of the date hereof provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee, director, consultant or adviser of the Company, or its Affiliate, as of such anniversary date. Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in Section 15 hereof). The Administrator may condition the exercise of the Option on the Optionee’s entering into a shareholders agreement with the Company and/or other shareholders which will restrict the transferability of the Shares and contain other customary provisions including rights of repurchase or first refusal on the part of the Company and may include “drag along” rights.

Shares Subject to Exercise. This Option shall be exercisable in equal installments as to ___ of twenty-five percent (___25%) of the Shares on and after each of the first ___ four anniversaries of the date hereof hereof; provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee, director, consultant or adviser in the employ of the Company, or its Affiliate, as of such anniversary datevesting date (except as otherwise provided for in Section 6 hereof). Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s 's employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in Section 15 hereof)Transaction. The Administrator may condition the exercise of the Option on the Optionee’s 's entering into a shareholders stockholders agreement with the Company and/or other shareholders stockholders which will restrict the transferability of the Shares and contain other customary provisions including rights right of repurchase or first refusal on the part of the Company and may include “drag "drag-along” " rights.

Shares Subject to Exercise. This Option shall be exercisable in installments as to ___ percent (___%) of the Shares on and after each of the first ____ anniversaries of the date hereof provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee, director, consultant or adviser of the Company, or its Affiliate, as of such anniversary date. Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in Section 15 hereof). The Administrator may condition the exercise of the Option on the Optionee’s entering into a shareholders agreement with the Company and/or other shareholders which will restrict the transferability of the Shares and contain other customary provisions including rights of repurchase or first refusal on the part of the Company and may include “drag along” rights.

Shares Subject to Exercise. This Option shall be exercisable in installments as to ___ percent (___%) of the Shares on and after each of the first ____ anniversaries of the date hereof provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee, director, consultant or adviser of the Company, or its Affiliate, as of such anniversary date. Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s 's employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in Section 15 hereof). The Administrator may condition the exercise of the Option on the Optionee’s 's entering into a shareholders agreement with the Company and/or other shareholders which will restrict the transferability of the Shares and contain other customary provisions including rights of repurchase or first refusal on the part of the Company and may include “"drag along” " rights.

Shares Subject to Exercise. This Option shall be exercisable in equal installments as to ___ of twenty-five percent (___25%) of the Shares on and after each of the first ___ four anniversaries of the date hereof hereof, provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee, director, consultant or adviser of the Company, or its Affiliate, as of such anniversary datedate (except as otherwise provided for in Section 6 hereof). Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s 's employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in Section 15 hereof)Transaction. The Administrator may condition the exercise of the Option on the Optionee’s 's entering into a shareholders stockholders agreement with the Company and/or other shareholders stockholders which will restrict the transferability of the Shares and contain other customary provisions including rights of repurchase or first refusal on the part of the Company and may include “"drag along” " rights.