Common use of Term and Exercise Clause in Contracts

Term and Exercise. (a) This option is fully vested on the date of grant and shall be exercisable beginning one year from the date of grant, and thereafter may be exercised in full or in part at any time or from time to time during the term of the option, subject to the provisions of Section 3 hereof. (b) This option shall not be assignable or transferable except by will or the laws of descent and distribution except that, upon written notice to the Company, Optionee may transfer this option to any “family member” (as such term is used in Form S-8 under the Securities Act of 1933) of Optionee, provided that (i) there is no consideration for such transfer or such transfer is effected pursuant to a domestic relations order in settlement of marital property rights, and (ii) this option held by such transferees shall continue to be subject to the same terms and conditions (including restrictions on subsequent transfers) as were applicable to this option immediately prior to such transfer. This option may not be pledged, alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable against the Company or any affiliate of the Company. Version Effective December 18, 2006 (c) During the lifetime of Optionee, the option shall be exercisable only by Optionee, a transferee pursuant to a transfer permitted by Section 2(b) above, or, if permissible under applicable law, by Optionee’s or such transferee’s guardian or legal representative. (d) Except as provided in Section 3 hereof, this option and all rights and obligations hereunder shall expire seven (7) years from the date of this Agreement.

Term and Exercise. (a) This option is fully vested on shall not be exercisable for a period of one year after the date of grant and shall be exercisable beginning one year from the date of grantthis Agreement, and but thereafter may be exercised in full or in part at any time or from time to time during the term of the option, subject to the provisions of Section 3 hereof. (b) This option shall not be assignable or transferable except by will or the laws of descent and distribution except that, upon written notice to the Company, Optionee may transfer this option to any “family member” (as such term is used in Form S-8 under the Securities Act of 1933) of Optionee, provided that (i) there is no consideration for such transfer or such transfer is effected pursuant to a domestic relations order in settlement of marital property rights, and (ii) this option held by such transferees shall continue to be subject to the same terms and conditions (including restrictions on subsequent transfers) as were applicable to this option immediately prior to such transfer. This option may not be pledged, alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable against the Company or any affiliate of the Company. Version Effective December 18, 2006. (c) During the lifetime of Optionee, the option shall be exercisable only by Optionee, a transferee pursuant to a transfer permitted by Section 2(b) above, or, if permissible under applicable law, by Optionee’s or such transferee’s guardian or legal representative. (d) Except as provided in Section 3 hereof, this option and all rights and obligations hereunder shall expire seven (7) 10 years from the date of this Agreement.

Term and Exercise. (a) This option is fully vested on shall vest and become exercisable one year after the date of grant and shall be exercisable beginning one year from the date of grantthis Agreement, and thereafter may be exercised in full or in part at any time or from time to time during the term of the option, subject to the provisions of Section 3 hereof. If Optionee ceases to be a member of the Company’s Board of Directors for any reason at any time prior to the first anniversary of the date of this Agreement, this option represented by this Agreement shall be forfeited by Optionee. (b) This option shall not be assignable or transferable except by will or the laws of descent and distribution except that, upon written notice to the Company, Optionee may transfer this option to any “family member” (as such term is used in Form S-8 under the Securities Act of 1933) of Optionee, provided that (i) there is no consideration for such transfer or such transfer is effected pursuant to a domestic relations order in settlement of marital property rights, and (ii) this option held by such transferees shall continue to be subject to the same terms and conditions (including restrictions on subsequent transfers) as were applicable to this option immediately prior to such transfer. This option may not be pledged, alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable against the Company or any affiliate of the Company. Version Effective December 18, 2006. (c) During the lifetime of Optionee, the option shall be exercisable only by Optionee, a transferee pursuant to a transfer permitted by Section 2(b) above, or, if permissible under applicable law, by Optionee’s or such transferee’s guardian or legal representative. (d) Except as provided in Section 3 hereof, this option and all rights and obligations hereunder shall expire seven (7) 10 years from the date of this Agreement.