Common use of Exercisability Date Clause in Contracts

Exercisability Date. Prior to an Initial Public Offering, the Options ------------------- shall be exercisable during the month of April beginning on April 1, 1999 (the "Exercisability Date") and during every month of July, October, January, and April thereafter, or at such additional times after the Exercisability Date and prior to an Initial Public Offering as determined by the Company in its sole and absolute discretion. Prior to an Initial Public Offering and notwithstanding the foregoing, if an investment bank is performing, or has performed, substantial services for the Company to examine, investigate, and analyze the possibility, feasibility, or viability of an Initial Public Offering within six (6) months of a month during which the Options would otherwise become exercisable pursuant to this Section 4(a), the Chairman of the Board may, in his sole and absolute discretion, make a reasonable determination that such Options shall not be exercisable for such month and may designate some other month (including the following month of January, April, July, or October, as appropriate) for the exercise of the Options; provided, however, the Chairman of the Board may not designate some other month for the exercise of the Options pursuant to this Section 4(a) any later than the month of April beginning on April 1, 2001.

Exercisability Date. Prior to an Initial Public Offering, the Options ------------------- shall be exercisable during the month of April beginning on April 1, 1999 2002 (the "Exercisability Date") and during every month of July, October, January, January and April thereafter, or at such additional other times after the Exercisability Date and prior to an Initial Public Offering as determined by the Company in its sole and absolute discretion. Prior to an Initial Public Offering and notwithstanding the foregoing, if an investment bank is performing, or has performed, substantial services for the Company to examine, investigate, and analyze the possibility, feasibility, or viability of an Initial Public Offering within six (6) months of a month during which the Options would otherwise become exercisable pursuant to this Section 4(a3(a), the Chairman of the Board Committee may, in his its sole and absolute discretion, make a reasonable determination that such Options shall not be exercisable for such month and may designate some other month (including the following month of January, April, July, or October, as appropriate) for the exercise of the Options; provided, however, the Chairman of the Board Committee may not designate some other month for the exercise of the Options pursuant to this Section 4(a3(a) any later than the month of April beginning on April 1, 20012003.

Exercisability Date. Prior to an Initial Public Offering, the Options ------------------- shall be exercisable during the month of April beginning on April 1, 1999 2003 (the "Exercisability Date") and during every month of July, October, January, January and April thereafter, or at such additional other times after the Exercisability Date and prior to an Initial Public Offering as determined by the Company in its sole and absolute discretion. Prior to an Initial Public Offering and notwithstanding the foregoing, if an investment bank is performing, or has performed, substantial services for the Company to examine, investigate, and analyze the possibility, feasibility, or viability of an Initial Public Offering within six (6) months of a month during which the Options would otherwise become exercisable pursuant to this Section 4(a3(a), the Chairman of the Board may, in his sole and absolute discretion, make a reasonable determination that such Options shall not be exercisable for such month and may designate some other month (including the following month of January, April, July, or October, as appropriate) for the exercise of the Options; provided, however, the Chairman of the Board may not designate some other month for the exercise of the Options pursuant to this Section 4(a3(a) any later than the month of April beginning on April 1, 20012004.