Common use of Commencement of Exercisability Clause in Contracts

Commencement of Exercisability. (a) Subject to Section 5.6, the Option shall become exercisable in five (5) cumulative installments as follows: (i) The first installment shall consist of twenty percent (20%) of the shares covered by the option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Section 5.6, the The Option shall become exercisable in five (5) cumulative installments provided that the Optionee remains continuously employed or engaged in active service by the Company or any of its Affiliates (and no Termination of Services occurs) from the Grant Date through such date as follows: (i) The first installment shall consist of twenty percent (20%) % of the shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is granted.Grant Date; (ii) The second installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted.Grant Date; (iii) The third installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted.Grant Date; (iv) The fourth installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted.Grant Date; and (v) The fifth installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is grantedGrant Date. (b) No portion of the Option which is unexercisable at Termination of Employment Services for any reason shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to subsection (b) and Section 5.63.3, the Option shall become exercisable in five (5) equal and cumulative installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows: (i) The first installment shall consist of twenty percent (20%) % of the shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is granted.Grant Date; (ii) The second installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted.Grant Date; (iii) The third installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted.Grant Date; (iv) The fourth installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedGrant Date; and. (v) The fifth installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is grantedGrant Date. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to subsections (b) and (c) and Section 5.63.3, the Option shall become exercisable in five (5) equal and cumulative installments provided that the Optionee remains continuously employed in active service by the Company from the Grant Date through such date as follows: (i) The first installment shall consist of twenty percent (20%) % of the shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is granted.Grant Date; (ii) The second installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted.Grant Date; (iii) The third installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted.Grant Date; (iv) The fourth installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedGrant Date; and. (v) The fifth installment shall consist of twenty percent (20%) % of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is grantedGrant Date. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. (c) All unexercised and outstanding Options shall accelerate and become exercisable immediately prior to a Change of Control.

Commencement of Exercisability. (a) Subject to Section 5.6, the The Option shall become exercisable in five (5) cumulative installments as follows: (i) The first installment shall consist of twenty twenty-five percent (2025%) of the shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is was granted. * Refer to attached Notice. (ii) The second installment shall consist of an additional twenty five percent (2025%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is was granted. (iii) The third installment shall consist of an additional twenty five percent (2025%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is was granted. (iv) The fourth installment shall consist of twenty five percent (2025%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is was granted. . The installments provided for in this Subsection (va) The fifth are cumulative. Each installment which becomes exercisable shall consist of twenty percent (20%) remain exercisable during the term of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is grantedOption, except as otherwise provided in this Agreement. (b) No portion of the Option Option, which is an unexercisable installment under Subsection (a) above at Termination of Employment Employment, shall thereafter become exercisable, unless otherwise determined by the Committee. (c) Notwithstanding Subsections 3.1(a) and 3.1(b) above, upon a Change of Control, all Option installments not yet exercisable shall become immediately exercisable.

Commencement of Exercisability. (a) Subject to Section 5.6, the Option shall become exercisable in five (5) cumulative installments as follows: (i) The first installment shall consist of twenty percent (20%) of the shares covered by the option Option and shall become exercisable on upon the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the fifth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment Business Relationship shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Section 5.6, the Option shall become exercisable in five four (54) cumulative installments as follows: (i) The first installment shall consist of twenty twenty-five percent (2025%) of the shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty twenty-five percent (2025%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty twenty-five percent (2025%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty twenty-five percent (2025%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is granted. (b) No portion of the Option which that is unexercisable at Termination of Employment Directorship shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Section Sections 3.5 and 5.6, the Option shall become exercisable in five (5) cumulative installments as follows: (i) The first installment shall consist of twenty percent (20%) of the shares covered by the option Option and shall become exercisable on upon the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on upon the fifth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (ai) Subject to Section 5.6Sections 3(e) and 5(f), the Option shall become exercisable in five (5) cumulative installments as follows: (iA) The first installment shall consist of twenty percent (20%one-fifth ( 1/5th) of the shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is granted. (iiB) The second installment shall consist of twenty percent (20%one-fifth ( 1/5th) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iiiC) The third installment shall consist of twenty percent (20%one-fifth ( 1/5th) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (ivD) The fourth installment shall consist of twenty percent (20%one-fifth ( 1/5th) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (vE) The fifth installment shall consist of twenty percent (20%one-fifth ( 1/5th) of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is granted. (bii) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

Commencement of Exercisability. (a) Subject to Section 5.6Sections 3.1(b), 3.1(c) and 3.3, the Option shall become exercisable in five (5) cumulative installments as follows: (i) The first installment shall consist of twenty percent (20%) of the shares Common Shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is grantedGrant Date. (ii) The second installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is grantedGrant Date. (iii) The third installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is grantedGrant Date. (iv) The fourth installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedGrant Date. (v) The fifth installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is grantedGrant Date. (b) No portion of the Option which that is unexercisable un-exercisable at Termination of Employment shall thereafter become exercisable, and upon Termination of Employment, the Optionee's rights with respect to such un-exercisable portion shall immediately terminate, and the Optionee shall be entitled to no future payments or benefits with respect thereto.

Commencement of Exercisability. (a) Subject to Section 5.6, the The Option shall vest and become exercisable in five four (54) cumulative installments installments, as follows: (i) The first installment shall consist of twenty percent (20%) 25% of the shares covered by the option Option and shall vest and become exercisable on the first anniversary of the date the Option is was granted. (ii) The second installment shall consist of twenty percent (20%) 25% of the shares covered by the Option and shall vest and become exercisable on the second anniversary of the date the Option is was granted. (iii) The third installment shall consist of twenty percent (20%) 25% of the shares covered by the Option and shall vest and become exercisable on the third anniversary of the date the Option is was granted. (iv) The fourth installment shall consist of twenty percent (20%) 25% of the shares covered by the Option and shall vest and become exercisable on the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of twenty percent (20%) of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is was granted. (b) No portion of the Option which is unexercisable under the terms of this Agreement at Termination of Employment shall thereafter become exercisable, unless the Committee, in its sole discretion, elects to accelerate the vesting of all or any portion of the unvested shares on the date of termination.

Commencement of Exercisability. (a) Subject to Section 5.6Sections 3.1(b), 3.1(c) and 3.3, the Option shall become exercisable in five (5) cumulative installments as follows: (i) The first installment shall consist of twenty percent (20%) of the shares Common Shares covered by the option Option and shall become exercisable on the first anniversary of the date the Option is grantedGrant Date. (ii) The second installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is grantedGrant Date. (iii) The third installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is grantedGrant Date. (iv) The fourth installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is grantedGrant Date. (v) The fifth installment shall consist of twenty percent (20%) of the shares Common Shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is grantedGrant Date. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.