Common use of Exercisability of Stock Options Clause in Contracts

Exercisability of Stock Options. The Parent agrees that for purposes of ------------------------------- determining the exercisability of Executive's stock options under the Incentive Plan outstanding on the Termination Date, Executive's service with the Company (as defined in the Incentive Plan) shall not be considered to have terminated until the fifth anniversary of the Termination Date, the Parent agrees to take any and all actions necessary, if any, to amend the Incentive Plan to reflect the foregoing and the Parent agrees that each option agreement evidencing the options outstanding under the Incentive Plan are hereby amended to reflect the foregoing. Nothing in this paragraph shall be deemed to extend the expiration date of any stock option granted under the Incentive Plan past the original expiration date of such option as determined at the time of grant.

Exercisability of Stock Options. The Parent agrees that for purposes ------------------------------- of ------------------------------- determining the exercisability of Executive's stock options under the Incentive Plan outstanding on the Termination Date, Executive's service with the Company (as defined in the Incentive Plan) shall not be considered to have terminated until the fifth anniversary of the Termination Date, the Parent agrees to take any and all actions necessary, if any, to amend the Incentive Plan to reflect the foregoing and the Parent agrees that each option agreement evidencing the options outstanding under the Incentive Plan are hereby amended to reflect the foregoing. Nothing in this paragraph shall be deemed to extend the expiration date of any stock option granted under the Incentive Plan past the original expiration date of such option as determined at the time of grant.