Common use of TERM AND EXERCISE OF OPTIONS Clause in Contracts

TERM AND EXERCISE OF OPTIONS. The Options shall remain outstanding ---------------------------- (subject to the vesting and exercisability provisions provided herein) during a period of six (6) years beginning on the Date of Grant (the "Option Term"). So long as the Employee remains continually employed by the Company from the date hereof through the date of vesting, the Options shall vest as follows: Options to acquire 33,334 shares shall vest on January 31, 1997, Options to acquire 33,333 shares shall vest on January 31, 1998, and Options to acquire the remaining 33,333 shares shall vest on January 31, 1999. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain exercisable in whole at any time or in part and from time to time until the earlier to occur of the expiration of the Option Term and the expiration of one year after the date of the termination of the Employee's employment with the Company. The Employee shall not have any rights to dividends or any other rights of a stockholder of the Company with respect to any shares of Common Stock underlying the Options until such shares have been issued to him upon the exercise of the Options.

TERM AND EXERCISE OF OPTIONS. The Options shall remain outstanding ---------------------------- (subject to the vesting and exercisability provisions provided herein) during a period of six (6) years beginning on the Date of Grant (the "Option Term"). So long as the Employee remains continually employed by the Company from the date hereof through the date of vesting, the Options shall vest as follows: Options to acquire 33,334 13,334 shares shall vest on January 31, 1997, Options to acquire 33,333 13,333 shares shall vest on January 31, 1998, and Options to acquire the remaining 33,333 13,333 shares shall vest on January 31, 1999. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain exercisable in whole at any time or in part and from time to time until the earlier to occur of the expiration of the Option Term and the expiration of one year after the date of the termination of the Employee's employment with the Company. The Employee shall not have any rights to dividends or any other rights of a stockholder of the Company with respect to any shares of Common Stock underlying the Options until such shares have been issued to him upon the exercise of the Options.

TERM AND EXERCISE OF OPTIONS. The Options shall remain ---------------------------- outstanding ---------------------------- (subject to the vesting and exercisability provisions provided herein) during for a period of six ten (610) years beginning on the Date of Grant (the "Option Term"). So Twenty percent (20.0%) of the Options shall vest on the Date of Grant and an additional twenty percent (20.0%) shall vest on each of the first, second, third and fourth anniversaries of the Date of Grant, so long as the Employee remains continually employed by the Company from the effective date hereof of this Agreement through the such date of vesting, the Options shall vest as follows: Options to acquire 33,334 shares shall vest on January 31, 1997, Options to acquire 33,333 shares shall vest on January 31, 1998, and Options to acquire the remaining 33,333 shares shall vest on January 31, 1999. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain be exercisable in whole at any time or in part at any time, and from time to time time, until the earlier to occur of the expiration of the Option Term and the expiration of one year ninety (90) days after the date of the termination of the Employee's employment with the Company. The Employee shall not have any rights right to dividends or any other rights of a stockholder of the Company with respect to any shares of Common Stock underlying the Options until such shares have been issued to him or her upon the exercise of the Options.