Common use of Limitations on Exercise of Options Clause in Contracts

Limitations on Exercise of Options. Subject to the terms and conditions set forth herein and the Plan, the Options shall vest and become exercisable on the Effective Date; provided, however, the Participant may not exercise any Option for fractional shares of Common Stock. The Committee or the Board may accelerate the vesting and exercisability of any or all of the then-unvested Options at any time.

Limitations on Exercise of Options. Subject to the terms and conditions set forth herein and the Plan, the Options shall vest and become exercisable exercisable, on a cumulative basis, with respect to 100% of the Effective Dateshares on February 14, 2005; provided, however, the Participant may not exercise any Option for fractional shares of Common Stock. The Committee or the Board may accelerate the vesting and exercisability of any or all of the then-unvested Options at any time.