Common use of Vesting of Option if Business Relationship Continues Clause in Contracts

Vesting of Option if Business Relationship Continues. All of the Option Shares initially shall be unvested shares. For so long as the Optionee maintains continuous service to the Company or its Subsidiaries or Affiliates as an employee, officer, director or consultant (a “Business Relationship”) throughout the period beginning on the Grant Date and ending on the vesting date set forth below, the Option Shares shall become vested according to the schedule set forth below and the Optionee may exercise this option as to any vested shares, subject to Sections 4 and 5 hereof: One year from the Vesting Start Date (the “Anniversary Date”) 25% of the Option Shares On the last day of each subsequent three-month period following the Anniversary Date 6.25% of the Option Shares Notwithstanding the foregoing, the Committee may, in its discretion, accelerate the date that any installment of this option becomes exercisable; provided that no installment of the option shall vest prior to the Anniversary Date. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to have a Business Relationship) may be exercised only before the date (the “Final Exercise Date”) which is five years from the Grant Date.

Vesting of Option if Business Relationship Continues. All of the Option Shares option shares initially shall be unvested shares. For so long as the Optionee maintains a continuous service to the Company or its Subsidiaries or Affiliates as an employee, officer, director or consultant (a “Business Relationship”) throughout the period beginning on the Grant Date and ending on the vesting date set forth below, the Option Shares option shares shall become vested according to the schedule set forth below and the Optionee may exercise this option as to any vested shares, subject to Sections 4 and 5 hereof: Vesting Date Number or Vested Shares One year from the Vesting Start Date (the “Anniversary Date”) - 25% of the Option Shares On the last first day of each subsequent three-three month period following one year from the Anniversary Vesting Start Date - 6.25% of the Option Shares Notwithstanding the foregoing, the Committee Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable; provided that no installment of the option shall vest prior to the Anniversary Date. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to have a Business RelationshipRelationship with the Company) may be exercised only before the date (the “Final Exercise Date”) which is five ten years from the Grant Datedate of this option grant.