Common use of Exercise of the Stock Option Clause in Contracts

Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature or in such other form as is acceptable to the Administrator) by the Participant, or, if at the relevant time the Stock Option has passed to a beneficiary or permitted transferee, the beneficiary or permitted transferee. Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full as provided in the Plan and consistent with the regulations promulgated under Section 424 of the Code if the Stock Option is an ISO. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th anniversary (or the fifth anniversary, in the case of an ISO held by a 10-percent stockholder within the meaning of Section 422(b)(6) of the Code) of the Date of Grant (the “Final Exercise Date”) and if not exercised by such date the Stock Option or any remaining portion thereof will thereupon immediately terminate.

Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature or in such other form as is acceptable to the Administratorsignature) by the Participant, Participant or, if at the relevant time the Stock Option has passed to a beneficiary Beneficiary or permitted transferee, the beneficiary Beneficiary or permitted transferee. Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full of the exercise price by cash or check or as otherwise provided in the Plan and consistent with the regulations promulgated under Section 424 of the Code if the Stock Option is an ISOCode. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th tenth (10th) anniversary (or the fifth (5th) anniversary, in the case of an ISO held by a 10-percent stockholder within the meaning of Section 422(b)(6) of the Code) of the Date of Grant (the “Final Exercise Date”) and and, if not exercised by such date date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.

Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature or in such other form as is acceptable to the Administratorsignature) by the Participant, Participant or, if at the relevant time the Stock Option has passed to a beneficiary Beneficiary or permitted transferee, the beneficiary Beneficiary or permitted transferee. Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full of the exercise price by cash or check, through a broker-assisted exercise program acceptable to the Administrator, or as otherwise provided in the Plan and consistent with the regulations promulgated under Section 424 of the Code if the Stock Option is an ISOCode. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th tenth (10th) anniversary (or the fifth (5th) anniversary, in the case of an ISO held by a 10-percent stockholder within the meaning of Section 422(b)(6) of the Code) of the Date of Grant (the “Final Exercise Date”) and and, if not exercised by such date date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.

Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature or in such other form as is acceptable to the Administratorsignature) by the Participant, Participant or, if at the relevant time the Stock Option has passed to the estate or beneficiary of the Participant or to a beneficiary or permitted transferee, the such estate or beneficiary or permitted transferee. Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and must be accompanied by payment in full of the exercise price by cash or check, through a broker-assisted exercise program acceptable to the Administrator, or as otherwise provided in the Plan and consistent with the regulations promulgated under Section 424 of the Code if the Stock Option is an ISOPlan. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th tenth (10th) anniversary of the Date of Grant (or the fifth (5th) anniversary, in the case of an ISO held by a ten percent (10-percent %) stockholder within the meaning of Section 422(b)(6) of the Code) of the Date of Grant (the “Final Exercise Date”) and and, if not exercised by such date date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.