Subject to Sections. 2.1 and 2.7 hereof, the option granted hereunder shall vest in the Participant in the following manner: (a) one-quarter of the option on the first anniversary of the day immediately preceding the date hereof, being August 1, 1995; (b) one-quarter of the option on the second anniversary of the day immediately preceding the date hereof, being August 1, 1996; (c) one-quarter of the option on the third anniversary of the day immediately preceding the date hereof, being August 1, 1997; and (d) one-quarter of the option on the fourth anniversary of the day immediately preceding the date hereof, being August 1, 1998; and, except as provided by Section 6.1, the Participant shall only be entitled to exercise this option in the amounts set out above and from and after the dates so specified.
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Subject to Sections. 2.1 and 2.7 hereof, the option granted hereunder shall vest in the Participant in the following manner:
(a) one-quarter of the option on the first anniversary of the day immediately preceding the date hereof, being August 1February 16, 1995;
(b) one-quarter of the option on the second anniversary of the day immediately preceding the date hereof, being August 1February 16, 1996;
(c) one-quarter of the option on the third anniversary of the day immediately preceding the date hereof, being August 1February 16, 1997; and
(d) one-quarter of the option on the fourth anniversary of the day immediately preceding the date hereof, being August 1February 16, 1998; and, except as provided by Section 6.1, the Participant shall only be entitled to exercise this option in the amounts set out above and from and after the dates so specified.
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Subject to Sections. 2.1 and 2.7 hereof, the option granted hereunder shall vest in the Participant in the following manner:
(a) one-quarter of the option on the first anniversary of the day immediately preceding the date hereof, being August 1March 15, 19951994;
(b) one-quarter of the option on the second anniversary of the day immediately preceding the date hereof, being August 1March 15, 19961995;
(c) one-quarter of the option on the third anniversary of the day immediately preceding the date hereof, being August 1March 15, 19971996; and
(d) one-quarter of the option on the fourth anniversary of the day immediately preceding the date hereof, being August 1March 15, 1998; and, except as provided by Section 6.1, the Participant shall only be entitled to exercise this option in the amounts set out above and from and after the dates so specified.1997;
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Subject to Sections. 2.1 and 2.7 hereof, the option granted hereunder shall vest in the Participant in the following manner:
(a) one-quarter of the option on the first anniversary of the day immediately preceding the date hereof, being August 1, 1995*;
(b) one-quarter of the option on the second anniversary of the day immediately preceding the date hereof, being August 1, 1996*;
(c) one-quarter of the option on the third anniversary of the day immediately preceding the date hereof, being August 1, 1997*; and
(d) one-quarter of the option on the fourth anniversary of the day immediately preceding the date hereof, being August 1, 1998*; and, except as provided by Section 6.1, the Participant shall only be entitled to exercise this option in the amounts set out above and from and after the dates so specified.
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