Common use of When Option May Be Exercised Clause in Contracts

When Option May Be Exercised. The option granted you hereunder shall be exercisable in full from and after November 12, 2002. This option may not be exercised for less than ten shares at any one time (or the remaining shares then purchasable if less than ten and expires at the end of ten years from the date of grant whether or not it has been duly exercised (hereinafter, the "Option Expiration Date"), unless sooner terminated as provided in paragraphs 5, 6 or 7 hereof.

When Option May Be Exercised. The option granted you hereunder shall be exercisable in full from and after November 12December 7, 20022001. This option may not be exercised for less than ten shares at any one time (or the remaining shares then purchasable if less than ten and expires at the end of ten years from the date of grant whether or not it has been duly exercised (hereinafter, the "Option Expiration Date"), unless sooner terminated as provided in paragraphs 5, 6 or 7 hereof.