Common use of Vesting and Exercise of Options Clause in Contracts

Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by the Corporation or a Subsidiary: On or after the dates set forth below, the right to purchase up to the following number of shares subject to the Option may be exercised: Date Number of Shares January 16, 2006 180,600 April 16, 2006 45,150 July 16, 2006 45,150 October 16, 2006 45,150 January 16, 2007 45,150 April 16, 2007 45,150 July 16, 2007 45,150 October 16, 2007 45,150 January 16, 2008 45,150 Date Number of Shares April 16, 2008 45,150 July 16, 2008 45,150 October 16, 2008 45,150 January 16, 2009 45,150

Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by the Corporation or a Subsidiary: On or after the dates set forth belowOctober 1, 2008 the right to purchase up to 25% of the following number of shares subject to the Option may be exercised; and On a quarterly basis thereafter (e.g., on the first day following the last day of each consecutive three-month period thereafter) the right to purchase up to an additional 6.25% of the shares subject to the Option may be exercised, as follows: Date Number of Shares January 16, 2006 180,600 April 16, 2006 45,150 July 16, 2006 45,150 October 16, 2006 45,150 January 16, 2007 45,150 April 16, 2007 45,150 July 16, 2007 45,150 October 16, 2007 45,150 January 161, 2008 45,150 193,101 January 1, 2009 48,275 April 1, 2009 48,275 July 1, 2009 48,275 October 1, 2009 48,275 January 1, 2010 48,275 April 1, 2010 48,275 Date Number of Shares July 1, 2010 48,275 October 1, 2010 48,275 January 1, 2011 48,276 April 161, 2008 45,150 2011 48,276 July 161, 2008 45,150 2011 48,276 October 161, 2008 45,150 January 16, 2009 45,1502011 48,276

Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by the Corporation or a Subsidiary: On or after the dates set forth belowOctober 1, 2008 the right to purchase up to 25% of the following number of shares subject to the Option may be exercised; and On a quarterly basis thereafter (e.g., on the first day following the last day of each consecutive three-month period thereafter) the right to purchase up to an additional 6.25% of the shares subject to the Option may be exercised, as follows: Date Number of Shares January 16, 2006 180,600 April 16, 2006 45,150 July 16, 2006 45,150 October 16, 2006 45,150 January 16, 2007 45,150 April 16, 2007 45,150 July 16, 2007 45,150 October 16, 2007 45,150 January 161, 2008 45,150 45,151 January 1, 2009 11,287 April 1, 2009 11,287 July 1, 2009 11,287 October 1, 2009 11,287 January 1, 2010 11,287 April 1, 2010 11,287 Date Number of Shares July 1, 2010 11,288 October 1, 2010 11,288 January 1, 2011 11,288 April 161, 2008 45,150 2011 11,288 July 161, 2008 45,150 2011 11,288 October 161, 2008 45,150 January 16, 2009 45,1502011 11,288

Vesting and Exercise of Options. Except as otherwise provided hereunder, the Option shall vest and be exercisable from time to time in accordance with the following schedule (purchases may be cumulative); provided, that as of each such date the Participant is still employed by or providing services to the Corporation or a Subsidiary: On or after the dates set forth below, 2009-03-30 the right to purchase up to 12.5% of the following number of shares subject to the Option may be exercised; and On a quarterly basis thereafter, the right to purchase up to an additional 6.25% of the shares subject to the Option may be exercised, as follows: Date Number of Shares January 16, 2006 180,600 April 16, 2006 45,150 July 16, 2006 45,150 October 16, 2006 45,150 January 16, 2007 45,150 April 16, 2007 45,150 July 16, 2007 45,150 October 16, 2007 45,150 January 16, 2008 45,150 March 30th 2009 96,938 June 30th 2009 48,469 September 30th 2009 48,469 December 30th 2009 48,469 March 30th 2010 48,469 June 30th 2010 48,469 Date Number of Shares April 16, 2008 45,150 July 16, 2008 45,150 October 16, 2008 45,150 January 16, 2009 45,150September 30th 2010 48,469 December 30th 2010 48,469 March 30th 2011 48,469 June 30th 2011 48,469 September 30th 2011 48,469 December 30th 2011 48,468 March 30th 2012 48,468 June 30th 2012 48,468 September 30th 2012 48,468 Total 775,500