Common use of Restrictions on Transfer and Exercise Clause in Contracts

Restrictions on Transfer and Exercise. (a) Except as hereinafter provided, no Option granted pursuant to the Plan may be exercised at any time unless the holder thereof is then an Employee or Director of the Company. Options granted under the Plan shall not be affected by any change of employment so long as the grantee continues to be an Employee or Director of the Company or of a subsidiary.

Restrictions on Transfer and Exercise. (a) Except as hereinafter provided, no Option granted pursuant to the Plan may be exercised at any time unless the holder thereof is then an Employee or Director of the Company. Options granted under the Plan shall not be affected by any change of employment so long as the grantee continues to be an Employee or Director of the Company or of a subsidiary.

Restrictions on Transfer and Exercise. (a) Except as hereinafter provided, no Option granted pursuant to the Plan may be exercised at any time unless the holder thereof is then an Employee employee or Director director of the CompanyCompany or of a subsidiary. Options granted under the Plan shall not be affected by any change of employment so long as the grantee Optionee continues to be an Employee employee or Director director of the Company or of a subsidiary.subsidiary corporation. Exhibit A