Common use of Lapse of Repurchase Option Clause in Contracts

Lapse of Repurchase Option. (1) Subject to Sections III (2), (3) and (4), the Repurchase Option shall lapse in accordance with the following schedule with respect to the Shares which have not previously been forfeited by you, provided you are actively employed by the Company on the respective dates: Number of Shares to Which Repurchase Option ------------------------------------------- Date Shall Lapse ---- ----------- May 16, 2004 20,000 May 16, 2005 20,000 May 16, 2006 45,000 (2) Upon termination of your employment due to your permanent and total disability (with such permanent and total disability being certified by the Social Security Administration prior to such termination) or your death, then the Repurchase Option shall lapse immediately with respect to all the Shares awarded under this Agreement. For purposes of this Agreement, "termination of your employment" shall mean the last date you are either an employee of the Company or an Affiliate or engaged as a consultant or director to the Company or an Affiliate.

Lapse of Repurchase Option. (1) Subject to Sections III (2), (3) and (4), the Repurchase Option shall lapse in accordance with the following schedule with respect to the Shares which have not previously been forfeited by you, provided you are actively employed by the Company on the respective dates: Number of Shares as to Which Repurchase --------------------------------------- Date Option ------------------------------------------- Date Shall Lapse ---- ----------- May 16------------------ April 1, 2004 20,000 May 165,000 April 1, 2005 20,000 May 167,500 April 1, 2006 45,0007,500 April 1, 2007 7,500 (2) Upon termination of your employment due to your permanent and total disability (with such permanent and total disability being certified by the Social Security Administration prior to such termination) or your death, then the Repurchase Option shall lapse immediately with respect to all the Shares awarded under this Agreement. For purposes of this Agreement, "termination of your employment" shall mean the last date you are either an employee of the Company or an Affiliate or engaged as a consultant or director to the Company or an Affiliate.

Lapse of Repurchase Option. (1) Subject to Sections III (2), (3) and (4), the Repurchase Option shall lapse in accordance with the following schedule with respect to the Shares which have not previously been forfeited by you, provided you are actively employed by the Company on the respective dates: Number of Shares to Which Repurchase Option ------------------------------------------- Date Shall Lapse ---- ----------- May 16April 1, 2002 40,000 April 1, 2003 23,750 April 1, 2004 20,000 May 1623,750 April 1, 2005 20,000 May 16, 2006 45,00024,000 (2) Upon termination of your employment due to your permanent and total disability (with such permanent and total disability being certified by the Social Security Administration prior to such termination) or your death, then the Repurchase Option shall lapse immediately with respect to all the Shares awarded under this Agreement. For purposes of this Agreement, "termination of your employment" shall mean the last date you are either an employee of the Company or an Affiliate or engaged as a consultant or director to the Company or an Affiliate.