Common use of Vesting of Option and Filing of Form S-8 Clause in Contracts

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 shares, at any time from January 17, 2011 through January 16, 2021; (b) As to 15,000 shares, at any time from January 17, 2012 through January 16, 2021; and (c) As to 15,000 shares, at any time from January 17, 2013 through January 16, 2021. All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 shares, at any time from January 17, 2011 through January 16, 20212020; (b) As to 15,000 shares, at any time from January 17, 2012 through January 16, 20212020; and (c) As to 15,000 shares, at any time from January 17, 2013 through January 16, 20212020. All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 6,667 shares, at any time from January 17March 21, 2011 through January 16March 20, 2021; (b) As to 15,000 5,000 shares, at any time from January 17March 21, 2012 through January 16March 20, 2021; and (c) As to 15,000 5,000 shares, at any time from January 17March 21, 2013 through January 16March 20, 2021. All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 shares, at any time from January 17, 2011 through January 16, 2021; (b) As to 15,000 shares, at any time from January 17, 2012 through January 16, 2021; and (c) As to 15,000 shares, at any time from January 17, 2013 through January 16, 2021. 2021 All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 shares, at any time from January 17December 24, 2011 2010 through January 16December 23, 20212020; (b) As to 15,000 shares, at any time from January 17December 23, 2012 2011 through January 16December 23, 20212020; and (c) As to 15,000 shares, at any time from January 17, 2013 through January December 16, 20212012 through December 23, 2020. All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 shares, at any time from January 1723, 2011 2013 through January 1622, 2021;2023; and (b) As to 15,000 20,000 shares, at any time from January 1723, 2012 2014 through January 1622, 2021; and (c) As to 15,000 shares, at any time from January 17, 2013 through January 16, 20212023. All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.

Vesting of Option and Filing of Form S-8. Subject to the provisions of Sections 7 and 8 of this Agreement, these Options shall become exercisable during the term that Recipient serves in the Company/Recipient Relationship as follows: (a) As to 20,000 shares, at any time from January 1719, 2011 through January 1618, 20212020; (b) As to 15,000 shares, at any time from January 1719, 2012 through January 1618, 20212020; and (c) As to 15,000 shares, at any time from January 1719, 2013 through January 1618, 20212020. All determinations and calculations with respect to the satisfaction of the conditions to the vesting of any of the foregoing options shall be made by the Board or any committee thereof to which the Board has delegated such authority, in good faith in accordance with applicable law, the Articles of Incorporation and By-laws of the Company, in its sole discretion, and shall be final, conclusive and binding on all persons, including you and the personal representative of your estate.