Common use of Certain Registration Rights Clause in Contracts

Certain Registration Rights. If at any time prior to the Termination Date the Company registers under the Act any shares of Common Stock to be issued to an executive officer of the Company or any of its subsidiaries upon exercise of an option (a "Management Option") to acquire such shares of Common Stock granted in connection with such person's employment with the Company or any of its subsidiaries as an executive officer, then the Company shall offer in writing to Employee a corresponding right to receive shares of Common Stock that are registered under the Act upon the exercise of any of Employee's then vested and unexercised shares of Common Stock under this Agreement upon similar terms and provisions as those offered to such other executive officer. In addition, if at any time prior to the Termination Date the Company offers to register any of such other executive officer's outstanding shares of Common Stock that were issued to him upon exercise of a Management Option, then the Company shall offer in writing to Employee at the same time a corresponding right to cause the Company to register any of the Employee's then outstanding shares of Common Stock that were issued to him upon exercise of the Option granted under this Agreement. The rights granted in favor of Employee under this Section 12: (a) shall be as equal in nature to the rights granted in favor of such other executive officer as is reasonably practicable, (b) shall relate to a proportionate number of Employee's shares of Common Stock as the Board of Directors of the Company deems reasonable and (c) shall be subject to such other reasonable terms and conditions as the Board of Directors of the Company may then impose.

Certain Registration Rights. (a) If at any time prior to the Termination Date the Company registers under the Act any shares of Common Stock to be issued to an executive officer of the Company or any of its subsidiaries upon exercise of an option (a "Management Option") to acquire such shares of Common Stock granted in connection with such person's employment with the Company or any of its subsidiaries as an executive officer, then the Company shall offer in writing to Employee Optionee a corresponding right to receive shares of Common Stock that are registered under the Act upon the exercise of any of EmployeeOptionee's then vested and unexercised shares of Common Stock under this Agreement upon similar terms and provisions as those offered to such other executive officer. In addition, if at any time prior to the Termination Date the Company offers to register any of such other executive officer's outstanding shares of Common Stock that were issued to him upon exercise of a Management Option, then the Company shall offer in writing to Employee Optionee at the same time a corresponding right to cause the Company to register any of the EmployeeOptionee's then outstanding shares of Common Stock that were issued to him upon exercise of the Option granted under this Agreement. The rights granted in favor of Employee Optionee under this Section 12: 12(b): (ai) shall be as equal in nature to the rights granted in favor of such other executive officer as is reasonably practicable, (bii) shall relate to a proportionate number of EmployeeOptionee's shares of Common Stock as the Board of Directors of the Company deems reasonable and (ciii) shall be subject to such other reasonable terms and conditions as the Board of Directors of the Company may then impose.

Certain Registration Rights. If at any time prior to the Termination Date the Company registers under the Act any shares of Common Stock to be issued to an executive officer of the Company or any of its subsidiaries upon exercise of an option (a "Management Option") to acquire such shares of Common Stock granted in connection with such person's employment with the Company or any of its subsidiaries as an executive officer, then the Company shall offer in writing to Employee a corresponding right to receive shares of Common Stock that are registered under the Act upon the exercise of any of Employee's then vested and unexercised shares of Common Stock under this Agreement upon similar terms and provisions as those offered to such other executive officer. In addition, if at any time prior to the Termination Date the Company offers to register any of such other executive officer's outstanding shares of Common Stock that were issued to him her upon exercise of a Management Option, then the Company shall offer in writing to Employee at the same time a corresponding right to cause the Company to register any of the Employee's then outstanding shares of Common Stock that were issued to him her upon exercise of the Option granted under this Agreement. The rights granted in favor of Employee under this Section 12: (a) shall be as equal in nature to the rights granted in favor of such other executive officer as is reasonably practicable, (b) shall relate to a proportionate number of Employee's shares of Common Stock as the Board of Directors of the Company deems reasonable and (c) shall be subject to such other reasonable terms and conditions as the Board of Directors of the Company may then impose.