Common use of Exercise of Option and Provisions for Termination Clause in Contracts

Exercise of Option and Provisions for Termination. (a) Except as otherwise provided herein and subject to the right of cumulation provided herein, this option may be exercised, prior to the tenth anniversary date, as to not more than the following number of shares covered by this option during the respective periods set forth below: No shares from and after the date of grant and prior to the First Milestone Date; 8,036,548 shares from and after the First Milestone Date; 3,214,619 shares from and after the Second Milestone Date; 4,018,274 shares from and after the Third Milestone Date; 4,821,929 shares from and after the Fourth Milestone Date; and

Exercise of Option and Provisions for Termination. (a) Except as otherwise provided herein and subject to the right of cumulation provided herein, this option may be exercised, prior to the tenth anniversary date, as to not more than the following number of shares covered by this option during the respective periods set forth below: No shares from and after the date of grant and prior to the First Milestone Date; 8,036,548 7,500,778 shares from and after the First Milestone Date; 3,214,619 3,000,311 shares from and after the Second Milestone Date; 4,018,274 3,750,389 shares from and after the Third Milestone Date; 4,821,929 4,500,467 shares from and after the Fourth Milestone Date; and

Exercise of Option and Provisions for Termination. (a) Except as otherwise provided herein and subject to the right of cumulation provided herein, this option may be exercised, prior to the tenth anniversary date, as to not more than the following number of shares covered by this option during the respective periods set forth below: No shares from and after the date of grant and prior to the First Milestone Date; 8,036,548 6,027,411 shares from and after the First Milestone Date; 3,214,619 2,410,965 shares from and after the Second Milestone Date; 4,018,274 3,013,706 shares from and after the Third Milestone Date; 4,821,929 3,616,447 shares from and after the Fourth Milestone Date; and

Exercise of Option and Provisions for Termination. (a) Except as otherwise provided herein and subject to the right of cumulation provided herein, this option may be exercised, prior to the tenth anniversary date, as to not more than the following number of shares covered by this option during the respective periods set forth below: No shares from and after the date of grant and prior to the First Milestone Date; 8,036,548 2,009,137 shares from and after the First Milestone Date; 3,214,619 803,655 shares from and after the Second Milestone Date; 4,018,274 1,004,569 shares from and after the Third Milestone Date; 4,821,929 1,205,482 shares from and after the Fourth Milestone Date; and

Exercise of Option and Provisions for Termination. (a) Except as otherwise provided herein and subject to the right of cumulation provided herein, this option may be exercised, prior to the tenth anniversary date, as to not more than the following number of shares covered by this option during the respective periods set forth below: No shares from and after the date of grant and prior to the First Milestone Date; 8,036,548 3,214,619 shares from and after the First Milestone Date; 3,214,619 1,285,848 shares from and after the Second Milestone Date; 4,018,274 1,607,310 shares from and after the Third Milestone Date; 4,821,929 1,928,772 shares from and after the Fourth Milestone Date; and