Certain Option Terms Clause Samples

Certain Option Terms. Options will not, except as -------------------- hereinafter provided, vest prior to July 1, 2006, at which time they will vest in their entirety, will be subject to earlier vesting under certain circumstances, including the exercise by Gearon of the put pursuant to the provisions of Section 6(a) or the exercise by ATC of the call pursuant to the provisions of Section 6(b)(i), and will be cancelled in its entirety upon the termination of the optionee for cause or his terminating his employment other than for good reason.