Common use of AND EXERCISABILITY Clause in Contracts

AND EXERCISABILITY. (a) No portion of this Stock Option may be exercised until such portion shall have vested. (b) Except as set forth below and in Section 6, and subject to the determination of the Compensation Committee of the Board of Directors of the Company or the Board of Directors of the Company, as applicable (the "Committee"), in its sole discretion to accelerate the vesting schedule hereunder, this Stock Option shall be vested and exercisable with respect to the following number of Option Shares on the date indicated: Incremental (Aggregate Number) Of Option Shares Exercisable* Vesting Date ---------------------------- ------------