Common use of CERTAIN TIMING REQUIREMENTS Clause in Contracts

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Employee upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences only (i) with the consent of the Board and (ii) during such periods of time as employees of the Company are permitted to buy or sell shares of Common Stock.

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Employee Director upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences only (i) with the consent of the Board and (ii) during such periods of time as employees of the Company are permitted to buy or sell shares of Common Stock.