Common use of Employee Stock Purchase Plan Clause in Contracts

Employee Stock Purchase Plan. The Company has taken appropriate action to provide that, (i) the offering period pending on the last business day prior to the date hereof under the Company's Employee Stock Purchase Plan (the "Stock Purchase Plan") shall be terminated as of the date hereof, (ii) each participant in the Stock Purchase Plan on the date hereof shall be deemed to have exercised his or her Option (as defined in the Stock Purchase Plan) on such date and shall acquire from the Company (A) such number of whole Common Shares as his or her accumulated payroll deductions on such date will purchase at the Option Price (as defined in the Stock Purchase Plan) (treating the last business day prior to the date hereof as the "Exercise Date" for all purposes of the Stock Purchase Plan) and (B) cash in the amount of any remaining balance in such participant's account without interest, and (iii) the Stock Purchase Plan shall be terminated effective as of the date hereof.

Employee Stock Purchase Plan. The Company has taken appropriate action to provide that, that (i) the current offering period pending on the last business day prior to the date hereof under the Company's Employee Stock Purchase Plan (the "Stock Purchase PlanSTOCK PURCHASE PLAN") shall be terminated as of the date hereof, (ii) each participant in the Stock Purchase Plan on the date hereof shall be deemed to have exercised his or her Option (as defined in the Stock Purchase Plan) on such date and shall acquire from the Company (A) such number of whole shares of Company Common Shares Stock as his or her accumulated payroll deductions on such date will purchase at the Option Price (as defined in the Stock Purchase Plan) (treating the last business day prior to the date hereof as the "Exercise Date" for all purposes of the Stock Purchase Plan) and (B) cash in the amount of any remaining balance in such participant's account without interestaccount, and (iii) the Stock Purchase Plan shall be terminated effective as of the date hereof.

Employee Stock Purchase Plan. The Company has taken ---------------------------- appropriate action to provide that, that (i) the current offering period pending on the last business day prior to the date hereof under the Company's Employee Stock Purchase Plan (the "Stock Purchase Plan") shall be terminated as of the date hereof, (ii) each participant in the Stock Purchase Plan on the date hereof shall be deemed to have exercised his or her Option (as defined in the Stock Purchase Plan) on such date and shall acquire from the Company (A) such number of whole shares of Company Common Shares Stock as his or her accumulated payroll deductions on such date will purchase at the Option Price (as defined in the Stock Purchase Plan) (treating the last business day prior to the date hereof as the "Exercise Date" for all purposes of the Stock Purchase Plan) and (B) cash in the amount of any remaining balance in such participant's account without interestaccount, and (iii) the Stock Purchase Plan shall be terminated effective as of the date hereof.

Employee Stock Purchase Plan. The Company has taken appropriate action to provide that, that (i) the current offering period pending on the last business day prior to the date hereof under the Company's 1997 Employee Stock Purchase Plan Plan, as amended (the "Stock Purchase Plan") ), shall be terminated as of the date hereofJune 30, 1999, (ii) each participant in the Stock Purchase Plan on the date hereof shall be deemed to have exercised his or her Option Purchase Right (as defined in the Stock Purchase Plan) on such date and shall acquire from the Company (A) such number of whole shares of Company Common Shares Stock as his or her accumulated payroll deductions on such date will purchase at the Option Offering Exercise Price (as defined in the Stock Purchase Plan) (treating the last business day prior to the date hereof June 30, 1999 as the "Exercise Purchase Date" for all purposes of the Stock Purchase Plan) and (B) cash in the amount of any remaining balance in such participant's account without interestaccount, and (iii) the Stock Purchase Plan shall be terminated effective as of the date hereofJune 30, 1999.

Employee Stock Purchase Plan. The Company has taken appropriate action to provide that, that (i) the current offering period pending on the last business day prior to the date hereof under the Company's Employee Stock Purchase Plan (the "Stock Purchase Plan") shall be terminated as of the date hereof, (ii) each participant in the Stock Purchase Plan on the date hereof shall be deemed to have exercised his or her Option (as defined in the Stock Purchase Plan) on such date and shall acquire from the Company (A) such number of whole shares of Company Common Shares Stock as his or her accumulated payroll deductions on such date will purchase at the Option Price (as defined in the Stock Purchase Plan) (treating the last business day prior to the date hereof as the "Exercise Date" for all purposes of the Stock Purchase Plan) and (B) cash in the amount of any remaining balance in such participant's account without interestaccount, and (iii) the Stock Purchase Plan shall be terminated effective as of the date hereof.