Common use of Vesting; Term; Exercise Clause in Contracts

Vesting; Term; Exercise. (a) The rights of Holder to exercise the Option shall vest as follows: With respect to: (i) 700,000 of the Option Shares, on the date hereof, provided, that for the purposes of paragraph 8 hereof, (A) 500,000 of such Option Shares shall be deemed to have vested on March 14,1995, (B) 100,000 of such Option Shares shall be deemed to have vested on June 30, 1996, and (C) 100,000 of such Option Shares shall be deemed to have vested on June 30, 1997; (ii) 100,000 of the Option Shares, on June 30, 1998; (iii) 100,000 of the Option Shares, on June 30, 1999; and (iv) 100,000 of the Option Shares, on June 30, 2000.

Vesting; Term; Exercise. (a) The rights of Holder to exercise the Option shall vest as follows: With respect to: (i) 700,000 of the Option Shares, on the date hereof, provided, 21 that for the purposes of paragraph 8 hereof, (A) 500,000 of such Option Shares shall be deemed to have vested on March 14,1995Marcx 00, 0000, (BX) 100,000 000,000 of such Option Shares shall be deemed to have vested on June 30, 1996, and (C) 100,000 of such Option Shares shall be deemed to have vested on June 30, 1997; (ii) 100,000 of the Option Shares, on June 30, 1998; and (iii) 100,000 50,000 of the Option Shares, on June 30, 1999; and (iv) 100,000 of the Option Shares, on June 30, 2000.

Vesting; Term; Exercise. (a) The rights of Holder to exercise the Option shall vest as follows: With respect to: (i) 700,000 of the Option Shares, on the date hereof, provided, 21 that for the purposes of paragraph 8 hereof, (A) 500,000 of such Option Shares shall be deemed to have vested on March 14,1995Marcx 00, 0000, (BX) 100,000 000,000 of such Option Shares shall be deemed to have vested on June 30, 1996, and (C) 100,000 of such Option Shares shall be deemed to have vested on June 30, 1997; (ii) 100,000 50,000 of the Option Shares, on June 30, 1998; (iii) 100,000 50,000 of the Option Shares, on June 30, 1999; and (iv) 100,000 50,000 of the Option Shares, on June 30, 2000.

Vesting; Term; Exercise. (a) The rights of Holder to exercise the Option shall vest are vested as follows: With of the date hereof with respect toto 900,000 of the Option Shares and vested on the following schedule: (i) 700,000 of the Option Shares, on the date hereof, provided, that for the purposes of paragraph 8 hereof, (A) 500,000 of such Option Shares shall be deemed to have were vested on March 14,1995Xxxxx 00, 0000, (Bxx) 100,000 of such Option Shares shall be deemed to have were vested on June 30, 1996, and (Ciii) 100,000 of such Option Shares shall be deemed to have were vested on June 30, 1997; (iiiv) 100,000 of the Option Shares, Shares were vested on June 30, 1998; and (iii) 100,000 of the Option Shares, Shares vested on June 30, 1999; and (iv) 100,000 the date hereof. The rights of Holder to exercise the Option Shares, with respect to the remaining 100,000 Option Shares shall vest on June 30, 2000.