Common use of Term of Option and Conditions of Exercise Clause in Contracts

Term of Option and Conditions of Exercise. (a) The Option has been granted as of the Grant Date and shall terminate on the Expiration Date specified on Exhibit A (which shall not exceed ten years from the Grant Date), subject to earlier termination as provided herein and in the Plan. Upon the termination or expiration of the Option, all rights of the Optionee in respect of such Option hereunder shall cease. (b) Subject to the provisions of the Plan and this Stock Option Agreement, and so long as the Optionee continues to be employed by the Company, the Option shall vest after one year from the Grant Date as to one-third of the Option Shares, after two years from the Grant Date as to two-thirds of the Option Shares and after three years from the Grant Date as to 100% of the Option Shares (as set forth on Exhibit A).

Term of Option and Conditions of Exercise. (a) The Option has been granted as of the Grant Date and shall terminate on the Expiration Date specified on Exhibit A (which shall not exceed ten years from the Grant Date), subject to earlier termination as provided herein and in the Plan. Upon the termination or expiration of the Option, all rights of the Optionee in respect of such Option hereunder shall cease. (b) Subject to the provisions of the Plan and this Stock Option Agreement, and so long as the Optionee continues to be employed by the Company, the Option shall vest after one year from the Grant Date as to one-third 25% of the Option Shares, after two years from the Grant Date as to two-thirds 50% of the Option Shares, after three years from the Grant Date as to 75% of the Option Shares and after three four years from the Grant Date as to 100% of the Option Shares (as set forth on Exhibit A).

Term of Option and Conditions of Exercise. (a) The Option has been granted as of the Grant Date and shall terminate on the Expiration Date specified on Exhibit A (which shall not exceed ten years from the Grant Date), subject to earlier termination as provided herein and in the Plan. Upon the termination or expiration of the Option, all rights of the Optionee in respect of such Option hereunder shall cease. (b) Subject to the provisions of the Plan and this Stock Option Agreement, and so long as the Optionee continues to be employed by the Company, the Option shall vest after one year from the Grant Date as to one-third 20% of the Option Shares, after two years from the Grant Date as to two-thirds 40% of the Option Shares and Shares, after three years from the Grant Date as to 60% of the Option Shares, after four years from the Grant Date as to 80% of the Option Shares and after five years as to 100% of the Option Shares (as set forth on Exhibit A).