Common use of Fifth year Clause in Contracts

Fifth year. Up to an additional twenty percent (20%) of the total Option Shares may be exercised at any time after five (5) years following _______________. If an installment covers a fractional share, such installment shall be rounded off to the next highest share, except for the final installment, which will be for the balance of the total Option Shares.

Fifth year. Up to an additional twenty percent (20%) of the total Option Shares may be exercised at any time after five (5) years following _______________September 2, 2004. If an installment covers a fractional share, such installment shall be rounded off to the next highest share, except for the final installment, which will be for the balance of the total Option Shares.