Common use of DATE EXERCISABLE; VESTING Clause in Contracts

DATE EXERCISABLE; VESTING. The Option shall vest and become exercisable for the Option Shares in 12 equal consecutive amounts of 66,950 shares at the end of each calendar quarter beginning March 31, 2012. As the Option becomes exercisable for such installments, those installments shall accumulate, and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term as set forth herein. Notwithstanding the above in the event of a Change of Control all of the Option Shares under the Option shall vest and shall become immediately exercisable.

DATE EXERCISABLE; VESTING. The Option shall vest and become exercisable for the Option Shares in 12 equal consecutive amounts of 66,950 15,000 shares at the end of each calendar quarter beginning March 31, 20122014. As the Option becomes exercisable for such installments, those installments shall accumulate, and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term as set forth herein. Notwithstanding the above in the event of a Change of Control all of the Option Shares under the Option shall vest and shall become immediately exercisable.

DATE EXERCISABLE; VESTING. The Option shall vest and become exercisable for the Option Shares in 12 equal consecutive amounts of 66,950 8,334 shares at the end of each calendar quarter beginning March 31June 30, 20122014. As the Option becomes exercisable for such installments, those installments shall accumulate, and the Option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option term as set forth herein. Notwithstanding the above in the event of a Change of Control all of the Option Shares under the Option shall vest and shall become immediately exercisable.