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) for a period of ten (10) years beginning on the Date of Grant (the "Option Term"). Twenty percent (20.0%) of the Options shall vest on each anniversary date of this grant in the years 1997,1998, 1999, 2000 and 2001, so long as the Employee remains continually employed by the Company from the effective date of this Agreement through such date of vesting. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain exercisable in whole or in part at any time, and from time to time, until the earlier to occur of the expira tion of the Option Term and the expiration of ninety (90) days after the date of the termina tion of the Employee's employment with the Company. The Employee shall not have any 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.

TERM AND EXERCISE OF OPTIONS. The Options shall ----------------------------- remain outstanding (subject to the vesting and exercisability provisions provided herein) for a period of ten six (106) years beginning on the Date of Grant (the "Option Term"). Twenty percent (20.0%) 33.3% of the Options shall vest on each anniversary date of this grant Grant in the years 1997,1998, 1998 and 1999, 2000 and 200133.4% of the Options shall vest on the anniversary date of this Grant in 2000, so long as the Employee remains continually employed by the Company from the effective date of this Agreement through such date of vesting. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain exercisable in whole or in part at any time, and from time to time, until the earlier to occur of the expira tion expiration of the Option Term and the expiration of ninety (90) days after the date of the termina tion termination of the Employee's employment with the Company. The Employee shall not have any 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.

TERM AND EXERCISE OF OPTIONS. The Options shall remain ----------------------------- remain outstanding (subject to the vesting and exercisability provisions provided herein) for a period of ten six (106) years beginning on the Date of Grant (the "Option Term"). Twenty percent (20.0%) 33.3% of the Options shall vest on each anniversary date of this grant January 1 in the years 1997,19981997 and 1998, and 33.4% of the Options shall vest on January 1 in 1999, 2000 and 2001, so long as the Employee remains continually employed by the Company from the effective date of this Agreement through such date of vesting. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain exercisable in whole or in part at any time, and from time to time, until the earlier to occur of the expira tion expiration of the Option Term and the expiration of ninety (90) days after the date of the termina tion termination of the Employee's employment with the Company. The Employee shall not have any 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.

TERM AND EXERCISE OF OPTIONS. The Options shall ----------------------------- remain outstanding (subject to the vesting and exercisability provisions provided herein) for a period of ten six (106) years beginning on the Date of Grant (the "Option Term"). Twenty percent (20.0%) 33.3% of the Options shall vest on each anniversary date of this grant January 1 in the years 1997,19981997 and 1998, and 33.4% of the Options shall vest on January 1 in 1999, 2000 and 2001, so long as the Employee remains continually employed by the Company from the effective date of this Agreement through such date of vesting. Except as otherwise provided in Section 5 hereof, Options that have vested shall remain exercisable in whole or in part at any time, and from time to time, until the earlier to occur of the expira tion expiration of the Option Term and the expiration of ninety (90) days after the date of the termina tion termination of the Employee's employment with the Company. The Employee shall not have any 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.