Common use of DATE EXERCISABLE Clause in Contracts

DATE EXERCISABLE. This Option shall be exercisable (to the extent vested under Section 2) on any normal business day of the Company that comes before the date this Option expires under Section 4. The maximum number of shares of Stock that may be purchased by exercise of this Option on any such day shall equal the excess, if any, of (a) the product of the vested percentage on such date and the total number of shares of Stock subject to this Option on the Date of Grant, as adjusted in accordance with Section 13 of the Plan, over (b) the number of shares of Stock which have previously been purchased by exercise of this Option, as adjusted in a manner consistent with Section 13 of the Plan.

DATE EXERCISABLE. This Option shall be exercisable (to the extent vested under Section 2) on any normal business day of the Company that comes before the date this Option expires under Section 4. The maximum number of shares of Stock that may be purchased by exercise of this Option on any such day shall equal the excess, if any, of (a) the product of the vested percentage of this Option under Section 2 on such date and the total number of shares of Stock subject to this Option on the Date of GrantOption Grant Date, as adjusted in accordance with Section 13 of the Plan, over (b) the number of shares of Stock which have previously been purchased by exercise of this Option, as adjusted in a manner consistent with Section 13 of the Plan.