Common use of Time for Exercise Clause in Contracts

Time for Exercise. The Option hereby granted to the Optionee shall be exercisable at the following times: With respect to Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after the date of this Option Agreement; With respect to an additional Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after one year after the date of this Option Agreement. With respect to a third Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after two years after the date of this Agreement. With respect to the final Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after three years after the date of this Option Agreement. The Option granted hereunder shall be exercisable for a period of five years after such Option first becomes exercisable in accordance with the foregoing provisions of this Section 3.03, unless the period of exercise is sooner terminated in accordance with the provisions of this Option Agreement. The Optionee shall have no right whatsoever to exercise the Option except during the times provided above.

Time for Exercise. The Option hereby granted to the Optionee ----------------- shall be exercisable at the following times: With respect to Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after the date of this Option Agreement; With respect to an additional Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after one year after the date of this Option Agreement. With respect to a third Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after two years after the date of this Agreement. With respect to the final Twenty-five Thousand (25,000) shares of common stock, the Option shall be exercisable on or after three years after the date of this Option Agreement. The Option granted hereunder shall be exercisable for a period of five years after such Option first becomes exercisable in accordance with the foregoing provisions of this Section 3.03, unless the period of exercise is sooner terminated in accordance with the provisions of this Option Agreement. The Optionee shall have no right whatsoever to exercise the Option except during the times provided above.

Time for Exercise. The Option hereby granted to the Optionee ----------------- shall be exercisable at the following times: With respect to Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after the date of this Option Agreement; With respect to an additional Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after one year after the date of this Option Agreement. With respect to a third Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after two years after the date of this Agreement. With respect to the final Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after three years after the date of this Option Agreement. The Option granted hereunder shall be exercisable for a period of five years after such Option first becomes exercisable in accordance with the foregoing provisions of this Section 3.03, unless the period of exercise is sooner terminated in accordance with the provisions of this Option Agreement. The Optionee shall have no right whatsoever to exercise the Option except during the times provided above.

Time for Exercise. The Option hereby granted to the Optionee shall be exercisable at the following times: With respect to Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after the date of this Option Agreement; With respect to an additional Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after one year after the date of this Option Agreement. With respect to a third Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after two years after the date of this Agreement. With respect to the final Twenty-five Twenty Thousand (25,00020,000) shares of common stock, the Option shall be exercisable on or after three years after the date of this Option Agreement. The Option granted hereunder shall be exercisable for a period of five years after such Option first becomes exercisable in accordance with the foregoing provisions of this Section 3.03, unless the period of exercise is sooner terminated in accordance with the provisions of this Option Agreement. The Optionee shall have no right whatsoever to exercise the Option except during the times provided above.