Common use of Exercisability of Options Clause in Contracts

Exercisability of Options. Subject to such further limitations as are provided herein, the Option shall become exercisable in five (5) installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date of Grant, up to one-fifth (ignoring fractional shares) of thx xxtal number of Option Shares; (b) on and after the second anniversary of the Date of Grant, up to an additional one-fifth (ignoring fractional xxxres) of the total number of Option Shares; (c) on and after the third anniversary of the Date of Grant, up to an additional one-fifth (ignoring fractional xxxres) of the total number of Option Shares; (d) on and after the fourth anniversary of the Date of Grant, up to an additional one-fifth (ignoring fractional xxxres) of the total number of Option Shares; and (e) on and after the fifth anniversary of the Date of Grant, the remaining Option Shares. Tab 4

Exercisability of Options. Subject to such further limitations as are provided herein, the Option shall become exercisable in five (5) installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date of GrantXxxxx, up to one-one- fifth (ignoring fractional shares) of thx xxtal the total number of Option Shares; (b) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (c) on and after the third anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (d) on and after the fourth anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; and (e) on and after the fifth anniversary of the Date of GrantXxxxx, the remaining Option Shares. Tab 4.

Exercisability of Options. Subject to such further limitations as are provided herein, the Option shall become exercisable in five (5) installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date of GrantXxxxx, up to one-fifth (ignoring fractional shares) of thx xxtal the total number of Option Shares; (b) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (c) on and after the third anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (d) on and after the fourth anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; and (e) on and after the fifth anniversary of the Date of GrantXxxxx, the remaining Option Shares. Tab 4.

Exercisability of Options. Subject to such further limitations as are provided herein, the Option shall become exercisable in five (5) installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date of GrantXxxxx, up to one-fifth (ignoring fractional shares) of thx xxtal the total number of Option Shares; (b) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (c) on and after the third anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (d) on and after the fourth anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; and (e) on and after the fifth anniversary of the Date of GrantXxxxx, the remaining Option Shares. Tab 45

Exercisability of Options. Subject to such further limitations as are provided herein, the Option shall become exercisable in five (5) installments, the Participant having the right hereunder to purchase from the Company the following number of Option Shares upon exercise of the Option, on and after the following dates, in cumulative fashion: (a) on and after the first anniversary of the Date of GrantXxxxx, up to one-fifth (ignoring fractional shares) of thx xxtal the total number of Option Shares; (b) on and after the second anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (c) on and after the third anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; (d) on and after the fourth anniversary of the Date of GrantXxxxx, up to an additional one-fifth (ignoring fractional xxxresshares) of the total number of Option Shares; and (e) on and after the fifth anniversary of the Date of GrantXxxxx, the remaining Option Shares. Tab 43