Common use of Initial Period of Exercisability Clause in Contracts

Initial Period of Exercisability. The Option will be exercisable, on a cumulative basis, as to one-third of the Option Shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the Date of Grant and as to the remaining Option Shares on the third anniversary of the Date of Grant. This Option will remain exercisable as to all unexercised Option Shares until 5:00 p.m. (St. Xxxx, Minnesota time) on the tenth anniversary of the Date of Grant (“Time of Termination”).

Initial Period of Exercisability. The Option will be exercisable, on a cumulative basis, as to one-third 25% of the Option Shares (excluding any fractional portion less than one share), on each of the first first, second and second third anniversaries of the Date of Grant and as to the remaining Option Shares on the third fourth anniversary of the Date of Grant. This Option will remain exercisable as to all unexercised Option Shares until 5:00 p.m. (St. Xxxx, Minnesota time) on the tenth anniversary of the Date of Grant (“Time of Termination”).

Initial Period of Exercisability. The Option will be shall become exercisable, on a cumulative basis, as with respect to one-third (1/3) of the Option Shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the Date of Grant and as to the remaining Option Shares on the third three anniversary dates of the Date of Grant. This The foregoing rights to exercise this Option will remain shall be cumulative with respect to the Option Shares becoming exercisable on each such date but in no event shall this Option be exercisable after, and this Option shall become void and expire as to all unexercised Option Shares until at, 5:00 p.m. (St. XxxxMinneapolis, Minnesota time) on August 30, 2006 (the tenth anniversary of the Date of Grant (“"Time of Termination”").