Common use of Cumulative Exercisability Clause in Contracts

Cumulative Exercisability. To the extent that the Option is vested and exercisable, the Participant has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the earlier of (a) expiration of the Option on the close of business on the Expiration Date set forth on the cover page of this Option Agreement (or, if the Expiration Date is not a business day, on the close of business on the last business day preceding the Expiration Date) or (b) the termination of the Option pursuant to Section 7 of the Plan or Section 4 of these Terms.