Common use of Exercise of Purchase Option and Closing Clause in Contracts

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 60 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his the Participant's estate), within 90 60 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Founder (or his estate), within 90 days after the termination of the employment of the Participant Founder with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate)Participant, within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his the Participant’s estate), within 90 180 days after the termination of the employment Service of the Participant with the CompanyParticipant, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90180-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90180-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing a notice of exercise to the Participant Shareholder (or his the Shareholder’s estate), in accordance with Section 14, within 90 sixty (60) days after the termination of the employment Shareholder’s active participation in the business of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing sending to the Participant Employee (or his estate), within 90 60 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Employee (or his or her estate), in accordance with Section 13, within 90 60 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Employee (or his estate), in accordance with Section 16(b), within 90 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares and other capital stock to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 60 days after the termination of the employment of the Participant with the CompanyEmployment Agreement, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his her estate), within 90 60 days after the termination of the employment Participant’s service as a director of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Employee (or his estate), within 90 in accordance with Section 3.7, written notice of exercise by the later of the Vesting Date or 180 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving later of the Vesting Date or such a notice within such 90180-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day the applicable time period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the CompanyTermination Date, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), in accordance with Section 10(e) within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 10 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9010-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9010-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his the Participant’s estate), within 90 180 days after the termination of the employment Service of the Participant with the CompanyParticipant, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Unvested Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90180-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90180-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his Participant’s estate), within 90 days after the termination of the employment Service of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Employee (or his estate), in accordance with Section 13, within 90 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of date on which the Participant with ceases to be a director of the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of date the Participant with ceases to be a director of the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Stockholder (or his the Stockholder's estate), in accordance with Section 14, written notice of exercise within 90 60 days after the termination of the Stockholder's employment of the Participant with by the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment Business Relationship of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate)Stockholder, within 90 days after the termination of the employment of the Participant in accordance with the CompanySection 14, a written notice of exercise within 60 days after the delivery to the Company of a written report of its independent certified public accountant as to the Purchase Option1997 Revenues or the 1998 Revenues, as the case may be. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate)Founder, in accordance with Section 8, within 90 60 days after the termination Cessation of the employment of the Participant with the CompanyEmployment, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. 25 (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 60 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Employee (or his estate), in accordance with Section 17, written notice of exercise within 90 60 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his her estate), in accordance with Section 10(e) within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company Corporation may exercise the Purchase Option by delivering or mailing to the Participant Purchaser (or his estate), within 90 60 days after the termination of the employment of the Participant Purchaser with the CompanyCorporation, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing sending to the Participant Employee (or his estate), within 90 60 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.is

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Stockholder (or his the Stockholder's estate), in accordance with Section 14, written notice of exercise within 90 60 days after the termination of the employment Stockholder's status as a Director or employee of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Unvested Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the Companyceases to be an Eligible Participant for any reason or no reason, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), in accordance with Section 13, within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment service as a director of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the Companyceases to serve as a director, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company Corporation may exercise the Purchase Option by delivering or mailing to the Participant Stockholder (or his the Stockholder's estate), in accordance with Section 14, written notice of exercise within 90 sixty (60) days after the termination of the employment Stockholder's active participation in the business of the Participant with the Company, a written notice of exercise of the Purchase OptionCorporation. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment or director service of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate)) and the Transfer Agent, within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Director (or his estate), in accordance with Section 13, within 90 days after the termination of the employment service of the Participant with Director for the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Recipient (or his estate), within 90 days after the termination of the employment of the Participant Recipient with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Employee (or his estate), in accordance with Section 12, within 90 60 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant Consultant (or his estate), in accordance with Section 13, within 90 days after the termination of the employment service of the Participant with Consultant for the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 60 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the this Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), Executive within 90 10 days after the termination of the employment of the Participant with Executive's service to the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9010-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9010-day period.

Exercise of Purchase Option and Closing. (a) The Company may Company, or its designee, shall exercise the Purchase Option granted to it by delivering or mailing to the Participant (or his estate)Employee, in accordance with Section 11, written notice of exercise within 90 days after the termination of the employment of the Participant Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), in accordance with Section 3.8, written notice of exercise within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-90- day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option option by delivering or mailing to the Participant Stockholder (or his the Stockholder's estate), in accordance with Section 15, written notice of exercise within 90 60 days after the termination of the Stockholder's employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Unvested Shares to be purchased. If and to the extent the Purchase Option option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), in accordance with Section 13, within 90 days after the termination of the employment of the Participant with the Companyceases to be an Eligible Participant, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment directorship of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 60 days after the termination of the employment of the Participant with the CompanyEmployment Agreement, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) a. The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 60 days after the termination of the employment of the Participant with the CompanyEmployment Agreement, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 9060-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 9060-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment service of the Participant with as a director of the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his or her estate), within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option Option, in whole or in part, by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the Companyceases to be an Eligible Participant, a one or more written notice notices of exercise of the Purchase Option. Such notice notice(s) shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice notice(s) within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.