Common use of Term and Exercise of Option Clause in Contracts

Term and Exercise of Option. (a) The term of this Option shall commence on the Grant Date set forth above and shall continue until the Expiration Date set forth above, unless earlier terminated as provided herein. Except as otherwise provided herein, this Option may not be exercised prior to the first anniversary date of the Grant Date, at which time this Option will become exercisable in full. (b) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its President or other designated agent, in substantially the form attached hereto as Exhibit A, and the Optionee shall deliver payment in full for the Option Shares with respect to which this Option is then being exercised, as provided in Section 4(b) below. (c) Neither the Optionee nor the Optionee's legal representatives, legatees or distributees, as the case may be, will be, or will be deemed to be, a holder of any Option Shares for any purpose unless and until certificates for such Option Shares are issued to the Optionee or the Optionee's legal representatives, legatees or distributees under the terms of the Option Plan.

Term and Exercise of Option. (a) The term of this Option shall commence on the Grant Date set forth above and shall continue until the Expiration Date set forth above, unless earlier terminated as provided herein. Except as otherwise provided herein, this Option may not be exercised prior to the first anniversary date of the Grant Date, at which time this . (b) This Option will become exercisable in fullas to 33-1/3% of the Option Shares on each of , 200 , , 200 and , 200 , but only if the Optionee is a Director of the Company on each of such dates. (bc) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its President or Chief Financial Officeror other designated agent, in substantially the form attached hereto as Exhibit A, and the Optionee shall deliver payment in full for the Option Shares with respect to which this Option is then being exercised, as provided in Section 4(b4(a) below. (cd) Neither the Optionee nor the Optionee's ’s legal representatives, legatees or distributees, as the case may be, will be, or will be deemed to be, a holder of any Option Shares for any purpose unless and until certificates for such Option Shares are issued to the Optionee or the Optionee's ’s legal representatives, legatees or distributees under the terms of the Option Plan.

Term and Exercise of Option. (a) The term of this Option shall commence on the Grant Date set forth above and shall continue until the Expiration Date set forth above, unless earlier terminated as provided herein. Except as otherwise provided herein, this Option may not be exercised prior to the first anniversary date of the Grant Date, at which time this . (b) This Option will become exercisable in fullas follows: , subject to the provisions of Sections 6 and 7. (bc) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its President or other designated agent, in substantially the form attached hereto as Exhibit A, and the Optionee shall deliver payment in full for the Option Shares with respect to which this Option is then being exercised, as provided in Section 4(b4(a) below. (cd) Neither the Optionee nor the Optionee's ’s legal representatives, legatees or distributees, as the case may be, will be, or will be deemed to be, a holder of any Option Shares for any purpose unless and until certificates for such Option Shares are issued to the Optionee or the Optionee's ’s legal representatives, legatees or distributees under the terms of the Option Plan.

Term and Exercise of Option. (a) The term of this Option shall commence on the Grant Date set forth above and shall continue until the Expiration Date set forth above, unless earlier terminated as provided herein. Except as otherwise provided herein, this Option may not be exercised prior to the first anniversary date of the Grant Date, at which time this . (b) This Option will become exercisable in fullas to 33-1/3% of the Option Shares on each anniversary of the grant date, but only if the Optionee is an Employee of the Company on each of such dates. (bc) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its President or other designated agent, in substantially the form attached hereto as Exhibit A, and the Optionee shall deliver payment in full for the Option Shares with respect to which this Option is then being exercised, as provided in Section 4(b4(a) below. (cd) Neither the Optionee nor the Optionee's ’s legal representatives, legatees or distributees, as the case may be, will be, or will be deemed to be, a holder of any Option Shares for any purpose unless and until certificates for such Option Shares are issued to the Optionee or the Optionee's ’s legal representatives, legatees or distributees under the terms of the Option Plan.

Term and Exercise of Option. (a) The term of this Option shall commence on the Grant Date set forth above and shall continue until the Expiration Date set forth above, unless earlier terminated as provided herein. Except as otherwise provided herein, this Option may not be exercised prior to the first anniversary date of the Grant Date, at which time this Option will become exercisable in full. (b) Subject to the earlier termination of this Option pursuant to its terms, this Option shall vest and become exercisable according to the vesting schedule and conditions set forth in Section 4 herein. (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its President Chief Financial Officer or other designated agent, in substantially the form attached hereto as Exhibit A, and the Optionee shall deliver payment in full and all related taxes for the Option Shares with respect to which this Option is then being exercised, as provided in Section 4(b7(a) below. (cd) Neither the Optionee nor the Optionee's ’s legal representatives, legatees or distributees, as the case may be, will be, or will be deemed to be, a holder of any Option Shares for any purpose unless and until certificates for such Option Shares are issued and to the Optionee or the Optionee's legal representatives, legatees or distributees under the terms of the extent this Option Planhas been exercised.