Common use of AND EXERCISE Clause in Contracts

AND EXERCISE. (a) Except as set forth below, the Option shall become exercisable as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a number of shares of Common Stock as provided below, the Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein and in accordance with Section 6.3(d) of the Plan, including, without limitation, the filing of such written form of exercise notice, if any, as may be required by the Committee and payment in full of the Option Price multiplied by the number of shares of Common Stock so exercised. Upon expiration of the Option, the Option shall be canceled and no longer exercisable. The following table indicates each date upon which the Participant shall be entitled to exercise the Option with respect to the number of shares of Common Stock indicated beside that date provided that the Participant has not had a Termination any time prior to the applicable vesting date:(3) VESTING DATE NUMBER OF SHARES ------------ ---------------- [FIRST ANNIVERSARY OF GRANT DATE] [25]% [SECOND ANNIVERSARY OF GRANT DATE] [25]% [THIRD ANNIVERSARY OF GRANT DATE] [25]% [FOURTH ANNIVERSARY OF GRANT DATE] [25]% (b) There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date; provided that no Termination has occurred prior to such date.

AND EXERCISE. (a) Except as set forth below, the Option shall become exercisable as provided below, which shall be cumulative. To the extent that the Option has become exercisable with respect to a number of shares of Common Stock as provided below, the Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein and in accordance with Section 6.3(d) 6.3 of the Plan, including, without limitation, the filing of such written form of exercise notice, if any, as may be required by the Committee and payment in full of the Option Price multiplied by the number of shares of Common Stock so exercised. Upon expiration of the Option, the Option shall be canceled and no longer exercisable. The following table indicates each date upon which the Participant shall be entitled to exercise the Option with respect to the number of shares of Common Stock indicated beside that date provided that the Participant has not had a Termination any time prior to the applicable vesting date:(3date:(1) VESTING DATE NUMBER OF SHARES ------------ ---------------- [FIRST ANNIVERSARY OF GRANT DATE] [25]% [SECOND ANNIVERSARY OF GRANT DATE] [25]% [THIRD ANNIVERSARY OF GRANT DATE] [25]% [FOURTH ANNIVERSARY OF GRANT DATE] [25]% (b) There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date; provided that no Termination has occurred prior to such date.