Common use of Conditions of Exercise Clause in Contracts

Conditions of Exercise. The Optionee (or his legal representative following the death of the Optionee) shall have the right to exercise the Option only while the Optionee is a director of the Company; provided, however, the Option may be exercised at any time within three (3) months after the date the Optionee ceases to be a director, but only to the extent that it was exercisable upon such date of termination and in no event after the Expiration Date.

Conditions of Exercise. The Optionee (or his legal representative following the death of the Optionee) shall have the right to exercise the Option only while the Optionee is a director or employee of the Company; provided, however, the Option may be exercised at any time within three (3) months after the date the Optionee ceases to be a directordirector or employee, but only to the extent that it was exercisable upon such date of termination and in no event after the Expiration Date.

Conditions of Exercise. The Optionee (or his legal representative following the death of the Optionee) shall have the right to exercise the Option only while the Optionee is a director an employee of the Company; provided, however, the Option may be exercised at any time within three twenty four (324) months after the date the Optionee ceases to be a directoran employee, but only to the extent that it was exercisable upon such date of termination and in no event after the Expiration Date.

Conditions of Exercise. The Optionee (or his legal ---------------------- representative following the death of the Optionee) shall have the right to exercise the Option only while the Optionee is a director or employee of the Company; provided, however, the Option may be exercised at any time within three (3) months after the date the Optionee ceases to be a directordirector or employee, but only to the extent that it was exercisable upon such date of termination and in no event after the Expiration Date. 5.