Common use of RIGHT TO EXERCISE OPTIONS Clause in Contracts

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised from the date of this Agreement until 11:59 P.M. (Pacific Standard time) on the date that is two years after the vesting date of this Option, or March 31, 2002 (the "Expiration Date"). Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option Holder, at an initial exercise price per share of $10.00, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall be made by wire transfer or check to the Company. A check for the option price shall not be considered delivered until good funds are received by the Company. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to Option Holder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder thereof, either as an entirety or from time to time for less than all of the number of Options specified in the Option Certificate.

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised from the immediately after each vesting date of this Agreement (hereinafter defined) until 11:59 P.M. (Pacific Standard time) on the date that is two five years after the vesting date of this Option, or March 31, 2002 Agreement (the "Expiration Date"). Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option HolderOptionholder, at an initial exercise price per share of $10.00____, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall be made by wire transfer or check to the Company. A check for the option price shall not be considered delivered until good funds are received by the Company. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to the Option Holder holder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder thereof, either as an entirety or from time to time for less than all of the number of Options specified in the Option Certificate.

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised from the -------------------------- date of this Agreement until 11:59 P.M. (Pacific Standard Los Angeles time) on the date that is two five years after the vesting date of this Option, or March 31, 2002 Agreement (the "Expiration Date"). Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option HolderOptionholder, at an initial exercise price per share of $10.002.25, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall for the Options may be made permitted by wire transfer a cash payment or check by setoff from legal fees incurred by the Company with H&B in accordance with that certain Engagement Letter between the Company and H&B. The Engagement Letter provides that legal services will be offered to the Company. A check for company by H&B. Each of H&B and the option price shall not Company will prepare an accounting of legal fees incurred as of any given date which may be considered delivered until good funds are received by used to exercise any of the CompanyOptions hereunder. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to Option Holder the Optionholder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder Optionholder thereof, either as an entirety or from time to time for less than all of the number of Options specified in the Option Certificate.

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised at any time during the period from October 15, 1999 (the date of this Agreement "Vesting Date")) until 11:59 P.M. (Pacific Standard time) on the date that is two years after the vesting date of this Option, or March 31September 30, 2002 (the "Expiration Date"). The options shall fully vest on the Vesting Date. Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option HolderOptionholder, at an initial exercise price per share of $10.000.80, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall be made by wire transfer or check to the Company. A check for the option price Exercise Price shall not be considered delivered until good funds are received by the Company. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to Option Holder the Optionholder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder Optionholder thereof, either as an in their entirety or from time to time for less than all of the number of Options specified in the Option Certificate.

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised from the date of this Agreement until 11:59 P.M. (Pacific Standard Los Angeles time) on the date that is two five years after the vesting date of this Option, or March 31, 2002 Agreement (the "Expiration Date"). Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option HolderOptionholder, at an initial exercise price per share of $10.000.15, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall be made by wire transfer or check to the Company. A check for the option price shall not be considered delivered until good funds are received by the Company. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to the Option Holder holder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder thereof, either as an entirety or from time to time for less than all of the number of Options specified in the Option Certificate.

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised from the immediately after each vesting date of this Agreement (hereinafter defined) until 11:59 P.M. (Pacific Standard time) on the date that is two years after the vesting date of this Option, or March 31, 2002 Agreement (the "Expiration Date"). Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option HolderOptionholder, at an initial exercise price per share of $10.00____, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall be made by wire transfer or check to the Company. A check for the option price shall not be considered delivered until good funds are received by the Company. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to the Option Holder holder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder thereof, either as an entirety or from time to time for less than all of the number of Options specified in the Option Certificate.

RIGHT TO EXERCISE OPTIONS. Each Option may be exercised -------------------------- from the date of this Agreement until 11:59 P.M. (Pacific Standard Los Angeles time) on the date that is two five years after the vesting date of this Option, or March 31, 2002 Agreement (the "Expiration Date"). Each Option not exercised on or before the Expiration Date shall expire. Subject to the provisions of this Option Agreement, including Section 10 hereof, the holder of each Option shall have the right to purchase from the Company, and the Company shall issue and sell to each such Option HolderOptionholder, at an initial exercise price per share of $10.002.25, subject to adjustment as provided herein (the "Exercise Price"), one fully paid and nonassessable Share upon surrender to the Company of the Option Certificate evidencing such Option, with the form of election to purchase duly completed and signed and evidence of payment of the Exercise Price. Payment of the Exercise Price shall for the Options may be made permitted by wire transfer a cash payment or check by setoff from legal fees incurred by the Company with H&B in accordance with that certain Engagement Letter between the Company and H&B. The Engagement Letter provides that legal services will be offered to the Company. A check for company by H&B. Each of H&B and the option price shall not Company will prepare an accounting of legal fees incurred as of any given date which may be considered delivered until good funds are received by used to exercise any of the CompanyOptions hereunder. Upon surrender of such Option Certificate and payment of the Exercise Price, the Company shall cause to be issued and delivered promptly to Option Holder the Optionholder a certificate for the Shares issuable upon the exercise of the Option or Options evidenced by such Option Certificate. The Options evidenced by an Option Certificate shall be exercisable at the election of the Option holder Optionholder thereof, either as an entirety or from time to time for less than all of the number of Options specified in the Option Certificate.