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. (b) This Option will become exercisable as to 33-1/3% of the Option Shares on each of , 200 , , 200 and , 200 , but only if the Optionee is an Employee of the Company on each of such dates. (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Officer 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(a) below. (d) 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. (b) This Subject to the earlier termination of this Option will pursuant to its terms and to the terms of the Plan, this Option shall vest and become exercisable as to 33-1/3% of the Option Shares on each of , 200 , , 200 and , 200 , follows but only if the Optionee then is an Employee employee, consultant, independent contractor or other service provider of the Company on each of such datesor an Affiliate: [describe vesting schedule]. (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Executive Officer 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(a) below, as well as the original Option. (d) 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 representatives 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. (b) This Subject to the earlier termination of this Option will pursuant to its terms and to the terms of the Plan, this Option shall vest and become exercisable as to 33-1/3% of the Option Shares on each of , 200 , , 200 and , 200 , follows but only if the Optionee then is an Employee employee, consultant, independent contractor, or other service provider of the Company on each of such dates.or an Affiliate: (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Officer 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(a) below. (d) 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 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. (b) This Subject to the earlier termination of this Option will pursuant to its terms and to the terms of the Plan, this Option shall vest and become exercisable as to 33-1/3% in full on the first annual anniversary date of the Option Shares on each of , 200 , , 200 and , 200 Grant Date, but only if the Optionee then is an Employee a director of the Company on each of such datesCompany. (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Executive Officer 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(a) below, as well as the original Option. (d) 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 representatives 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. (b) This Option will become exercisable as to 33-1/320% of the Option Shares on each of the first, 200 second, third, 200 fourth, and , 200 fifth annual annivaersary of the grant date set forth above, but only if the Optionee is an Employee or Director of the Company on each of such dates. (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Officer 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(a) below. (d) 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. (b) This Subject to the earlier termination of this Option will pursuant to its terms and to the terms of the Plan, this Option shall vest and become exercisable as to 33-1/3% of the Option Shares on each of , 200 , , 200 and , 200 , follows but only if the Optionee then is an Employee employee of the Company on each of such datesor an Affiliate: [describe vesting schedule]. (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Executive Officer 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(a) below, as well as the original Option. (d) 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 representatives 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. (b) This Subject to the earlier termination of this Option will pursuant to its terms and to the terms of the Plan, this Option shall vest and become exercisable as to 33-1/3% of the Option Shares on each of , 200 , , 200 and , 200 , follows but only if the Optionee then is an Employee employee of the Company on each of such dates.or an Affiliate: (c) To exercise this Option, the Optionee shall give written notice to the Company, to the attention of its Chief Financial Officer 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(a) below. (d) 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 distributees, under the terms of the Option Plan.