Common use of Duration of Option and Time of Exercise Clause in Contracts

Duration of Option and Time of Exercise. A. Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares in ___________ installments. The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which this Option will become exercisable on such dates: Initial Date of Number of Option Shares Exercisability Available for Exercise -------------- ---------------------- The foregoing rights to exercise this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date but in no event will this Option be exercisable after, and this Option will become void and expire as to all unexercised Option Shares at, 5:00 p.m. (Minneapolis, Minnesota time) on ________________, ____ (the "Time of Termination").

Duration of Option and Time of Exercise. A. Initial Period of Exercisability. The Option will become exercisable with respect to the Option Shares in _____________ installments. The following table sets forth the initial dates of exercisability of each installment and the number of Option Shares as to which this Option will become exercisable on such dates: Initial Date of Number of Option Shares Exercisability Available for Exercise -------------- ---------------------- The foregoing rights to exercise this Option will be cumulative with respect to the Option Shares becoming exercisable on each such date but in no event will this Option be exercisable after, and this Option will become void and expire as to all unexercised Option Shares at, 5:00 p.m. (Minneapolis, Minnesota time) on ____________, ____, _____ (the "Time of Termination").