Common use of Third Installment Clause in Contracts

Third Installment. Commencing on the second anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised.] [Alternative vesting schedule]

Third Installment. Commencing on the second [third][second] anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised.] [Alternative 1 Unless another vesting schedule]schedule is specified by the Compensation Committee or its designee, vesting to begin on the date of grant for executives and on the first anniversary of the date of grant for other employees.

Third Installment. Commencing on the second anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised.] exercised.]1 1 Use this schedule if the option vests in three equal installments commencing on the date of grant. [Alternative vesting schedule]

Third Installment. Commencing on the second anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised.] ] (1) [Alternative vesting schedule] (1) Use this schedule if the option vests in three equal installments commencing on the date of grant.