Common use of Shares Subject to Exercise Clause in Contracts

Shares Subject to Exercise. This Option shall be exercisable in installments as to ___________ of the number of Shares on the first ______ anniversary of the date hereof, as to ___________ of the number of Shares on the second ______ anniversary of the date hereof, and as to ___________ of the number of Shares on the third ______ anniversary of the date hereof provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee of the Company, or any of its subsidiaries, as of such anniversary date. Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in the Plan).

Shares Subject to Exercise. This Option shall be exercisable in installments as to ___________ of the number of Shares on the first ______ anniversary of the date hereof, as to ___________ of the number of Shares on the second ______ anniversary of the date hereof, and as to ___________ of the number of Shares on the third ______ anniversary of the date hereof provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee employee, director, consultant or adviser of the Company, or any of its subsidiaries, as of such anniversary date. Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in the Plan).

Shares Subject to Exercise. This Option shall be exercisable in installments as to ___________ of the number of Shares on the first ______ anniversary anniversaries of the date hereof, as to ___________ of the number of Shares on the second ______ anniversary anniversaries of the date hereof, and as to ___________ of the number of Shares on the third ______ anniversary anniversaries of the date hereof provided, however, that an installment shall not become exercisable if the Optionee is not employed as an employee of the Company, or any of its subsidiaries, as of such anniversary date. Once exercisable, the Option shall thereafter remain exercisable as to such Shares for the term specified in Section 2 hereof, unless Optionee’s employment is terminated pursuant to Section 6 hereof or the Option is terminated pursuant to a Corporate Transaction (as defined in the PlanSection 15 hereof).