Common use of Time for Exercise Clause in Contracts

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5, 1998, to and including June 4, 1999, 50,000 shares; (b) On or after June 5, 1999, to and including June 4, 2000, 50,000 shares; (c) On or after June 5, 2000, to and including June 4, 2001, 50,000 shares; and (d) On or after June 5, 2001, to and including June 4, 2007 (the "Option Termination Date"), 50,000 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5August 14, 19982009, to and including June 4August 13, 19992010, 50,000 18,750 shares;; and (b) On or after June 5August 14, 19992010, to and including June 4August 13, 20002011, 50,000 an additional 18,750 shares; (c) On or after June 5August 14, 20002011, to and including June 4August 13, 20012012, 50,000 an additional 18,750 shares; and; (d) On or after June 5August 14, 20012012, to and including June 4but before August 14, 2007 2018 (the "“Option Termination Date"”), 50,000 an additional 18, 750 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either any period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date Date, in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 529, 19981999, to and including June 428, 19992000, 50,000 12,500 shares; (b) On or after June 529, 19992000, to and including June 428, 20002001, 50,000 12,500 shares; (c) On or after June 529, 20002001, to and including June 428, 20012002, 50,000 12,500 shares; and (d) On or after June 529, 20012002, to and including June 428, 2007 2008 (the "Option Termination Date"), 50,000 12,500 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5May 26, 19981999, to and including June 4May 25, 19992000, 50,000 6,250 shares; (b) On or after June 5May 26, 19992000, to and including June 4May 25, 20002001, 50,000 6,250 shares; (c) On or after June 5May 26, 20002001, to and including June 4May 25, 20012002, 50,000 6,250 shares; and (d) On or after June 5May 26, 20012002, to and including June 4May 25, 2007 2008 (the "Option Termination Date"), 50,000 6,250 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5August 18, 1998, to and including June 4August 17, 1999, 50,000 25,000 shares; (b) On or after June 5August 18, 1999, to and including June 4August 17, 2000, 50,000 25,000 shares; (c) On or after June 5August 18, 2000, to and including June 4August 17, 2001, 50,000 25,000 shares; and (d) On or after June 5August 18, 2001, to and including June 4August 17, 2007 (the "Option Termination Date"), 50,000 25,000 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5December 30, 1998, to and including June 4December 29, 1999, 50,000 25,000 shares; (b) On or after June 5December 30, 1999, to and including June 4December 29, 2000, 50,000 25,000 shares; (c) On or after June 5December 30, 2000, to and including June 4December 29, 2001, 50,000 25,000 shares; and (d) On or after June 5December 30, 2001, to and including June 4December 29, 2007 (the "Option Termination Date"), 50,000 25,000 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5August 14, 19981999, to and including June 4August 13, 19992000, 50,000 25,000 shares; (b) On or after June 5August 14, 19992000, to and including June 4August 13, 20002001, 50,000 25,000 shares; (c) On or after June 5August 14, 20002001, to and including June 4August 13, 20012002, 50,000 25,000 shares; and (d) On or after June 5August 14, 20012002, to and including June 4August 13, 2007 2008 (the "Option Termination Date"), 50,000 25,000 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 5January 21, 19981999, to and including June 4January 20, 19992000, 50,000 3,750 shares; (b) On or after June 5January 21, 19992000, to and including June 4January 20, 20002001, 50,000 3,750 shares; (c) On or after June 5January 21, 20002001, to and including June 4January 20, 20012002, 50,000 3,750 shares; and (d) On or after June 5January 21, 20012002, to and including June 4January 20, 2007 2008 (the "Option Termination Date"), 50,000 3,750 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.

Time for Exercise. Optionee may elect to exercise the options at the times and for the number of shares indicated as follows: (a) On or after June 525, 19981999, to and including June 424, 19992000, 50,000 6,250 shares; (b) On or after June 525, 19992000, to and including June 424, 20002001, 50,000 6,250 shares; (c) On or after June 525, 20002001, to and including June 424, 20012002, 50,000 6,250 shares; and (d) On or after June 525, 20012002, to and including June 424, 2007 2008 (the "Option Termination Date"), 50,000 6,250 shares. However, if Optionee does not purchase the full number of shares to which Optionee is entitled in either period (a), (b) or (c) above, Optionee is permitted to purchase those remaining shares in a later period through and including the Option Termination Date in addition to those shares which Optionee may otherwise be entitled to purchase.