Common use of Optionee Subject to Section 16 Clause in Contracts

Optionee Subject to Section 16. If the Optionee is a person subject to Section 16 of the Securities Exchange Act of 1934, as amended, and if for any reason the Option has not been approved in the manner provided for in clause (d)(1) or (d)(2) of Rule 16b-3 of the Securities and Exchange Commission, neither the Option (except upon its exercise) nor the Common Stock underlying the Option may be disposed of by the Optionee until six months have elapsed following the date of grant of the Option, unless the Committee otherwise specifically permits such disposition.