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

Vesting of Option if Business Relationship Continues. If the Non-Employee Director Optionee has continued to serve the Company or any Related Corporation in the capacity of director (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, this option will become exercisable (“vest”) as to 50% of the original number of Option Shares on the first anniversary of the Grant Date and as to an additional 50% of the original number of Option Shares on the second anniversary of the Grant Date. Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable, and this Option shall become immediately exercisable and fully vested upon the consummation of a Reorganization Event as defined in the Plan. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Business Relationship between the Non-Employee Director Optionee and the Company or any Related Corporation terminates) may be exercised up to and including the date that is five years from the date this option is granted.

Vesting of Option if Business Relationship Continues. If the Non-Employee Director Optionee has continued to serve the Company or any Related Corporation in the capacity of director (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, this option will become exercisable (“vest”) as to 5025% of the original number of Option Shares on the first anniversary of the Grant Date and as to an additional 5012.5% of the original number of Option Shares on at the second end of each successive six month period following the first anniversary of the Grant Date until the fourth anniversary of the Grant Date. Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable, and this Option shall become immediately exercisable and fully vested upon the consummation of a Reorganization Event as defined in the Plan. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Business Relationship between the Non-Employee Director Optionee and the Company or any Related Corporation terminates) may be exercised up to and including the date that is five ten years from the date this option is granted.

Vesting of Option if Business Relationship Continues. If the Non-Employee Director Optionee has continued to serve the Company or any Related Corporation in the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or being involved in a “"Business Relationship” Relationship with the Company") on the following dates, the Optionee may exercise this option will become exercisable (“vest”) as to 50% of for the original number of Option shares of Common Stock set opposite the applicable date: Vesting Period Percentage of Shares on that become Vested Shares Prior to the first anniversary of the Grant Date and as to an additional 50date of this Agreement 0% of On the original number of Option Shares on the second first anniversary of the Grant Date. date of this Agreement 25% On the [insert date] day of an add each successive month thereafter an additional 2.083% On or after the fourth anniversary of the date of this Agreement 100% Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable, and this Option shall become immediately exercisable and fully vested upon the consummation of a Reorganization Event as defined in the Plan. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Optionee ceases to be maintain a Business Relationship between the Non-Employee Director Optionee and with the Company or any and all Related Corporation terminatesCorporations) may be exercised up to and including the date that which is five ten (10) years from the date this option is granted.