Common use of Term; Amendment Clause in Contracts

Term; Amendment. The term of this Option commences on the Grant Date -------------- and shall terminate on the fifth (5th) anniversary date of the Grant Date. Notwithstanding the foregoing, in no event may this Option be exercised more than ten (10) years from the Grant Date, and this Option may be exercised during such term only in accordance with the Plan and the terms of this Option. However, in the case of an Option granted to an Optionee who, at the time the Option is granted, is an employee and owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be no more than five (5) years from the Grant Date. The provisions of this Agreement may be waived, altered, amended or repealed in whole or in part only upon the written consent of all parties to this Agreement and either ▇▇▇▇▇ ▇▇▇▇ or ▇▇▇▇▇▇ ▇▇▇▇ so long as either ▇▇▇▇ is a shareholder in the Company.