Common use of DATE EXERCISABLE; VESTING Clause in Contracts

DATE EXERCISABLE; VESTING. 2.1 Subject to the restrictions and conditions set forth in the Plan, the Option shall become exercisable by Optionee as follows: 2.1.1 The Option shall become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of the twelve (12) month period of Optionee's continuous employment with the Corporation following the Grant Date. 2.1.2 The Option shall thereafter become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of each subsequent twelve (12) month period of Optionee's continuous employment with the Corporation. 2.1.3 The right to purchase any installment of the Option Shares shall be cumulative, so that when the right to purchase any Option Shares has accrued, such Option Shares may be purchased at any time or from time to time thereafter prior to the Expiration Date, subject to the limitations of Sections 3 and 4 herein. 2.2 In the event Optionee for any reason ceases to be an employee of the Corporation, whether by dismissal, resignation, death, disability or otherwise, the Option shall be exercisable thereafter only to the extent Optionee was entitled to exercise it at the date of termination of employment.

DATE EXERCISABLE; VESTING. 2.1 Subject to the restrictions and conditions set forth in the Plan, the Option shall become exercisable by Optionee as follows: 2.1.1 The Option shall become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of the twelve (12) month period of Optionee's continuous employment with the Corporation following the Grant Date. 2.1.2 The Option shall thereafter become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of each subsequent twelve (12) month period of Optionee's continuous employment with the Corporation. 2.1.3 The right to purchase any installment of the Option Shares shall be cumulative, so that when the right to purchase any Option Shares has accrued, such Option Shares may be purchased at any time or from time to time thereafter prior to the Expiration Date, subject to the limitations of Sections 3 and 4 herein. 2.2 In the event Optionee for any reason ceases to be an employee of the Corporation, whether by dismissal, resignation, death, disability or otherwise, the Option shall be exercisable thereafter only to the extent Optionee was entitled to exercise it at the date of termination of employment. 2.3 The Option may become immediately exercisable for the full number of Option Shares in the event of a reorganization as defined in the Plan.

DATE EXERCISABLE; VESTING. 2.1 Subject to the restrictions and conditions set forth in the Plan, the Option shall become exercisable by Optionee as follows: 2.1.1 The Option shall become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of the twelve (12) month period of Optionee's continuous employment with the Corporation following the Grant Date. 2.1.2 The Option shall thereafter become exercisable as to twenty-five percent (25%) of the total number of Option Shares at the end of each subsequent twelve (12) month period of Optionee's continuous employment with the Corporation. 2.1.3 The right to purchase any installment of the Option Shares shall be cumulative, so that when the right to purchase any Option Shares has accrued, such Option Shares may be purchased at any time or from time to time thereafter prior to the Expiration Date, subject to the limitations of Sections 3 and 4 herein. 2.2 In the event Optionee for any reason ceases to be an employee of the Corporation, whether by dismissal, resignation, death, disability or otherwise, the Option shall be exercisable thereafter only to the extent Optionee was entitled to exercise it at the date of termination of employment. 2.3 The Option may become immediately exercisable for the full number of Option Shares in the event of a reorganization as defined in Section 10.4 of the Plan.