Term for Exercise Clause Samples

Term for Exercise. The Option becomes available for exercise, subject to the provisions of this Agreement, as to the percentage of the aggregate number of shares of Common Stock subject to the Option and on the dates set forth below: (a) Percentage and Date Schedule

Term for Exercise. (a) The Option shall become exercisable, subject to the provisions of this Section 2 and Sections 3 and 4 hereof, in installments of _____ Common Shares on the first anniversary of the date of grant of the Option, ______ Common Shares on the second anniversary and ______ Common Shares on the third anniversary. Unless an earlier expiration date is specified by this Agreement (or, if applicable, in Supplement A), the Option shall expire at 5:00 P.M., Arizona Mountain time (such time shall hereinafter be referred to as the "End of Business"), on the day after the tenth anniversary of the date on which the Option was granted (the "Termination Date"). (b) Without limiting the generality of the foregoing, in the event: (i) the Corporation's stockholders holding at least 50% (or such greater percentage as may be required by the Certificate of Incorporation or By-Laws of the Corporation or by law) of the voting stock of the Corporation approve any merger, consolidation, sale of assets, liquidation or reorganization in which the Corporation will not survive as a publicly owned corporation (such approval hereinafter referred to as a "Merger Approval"); or (ii) any of the Corporation's Common Shares are purchased pursuant to a tender or exchange offer other than an offer by the Corporation, any Subsidiary of the Corporation (as defined in the Plan and hereinafter referred to as a "Subsidiary"), or any employee benefit plan maintained by the Corporation or a Subsidiary (such purchase hereinafter referred to as a "Tender Purchase"); then the Option shall become exercisable during the period beginning on the date of the Merger Approval or Tender Purchase, as the case may be, and ending on the thirtieth day following such date (but in no event shall the Option become exercisable under this paragraph earlier than six months from the date on which the Option was granted (the "Grant Date")). If any portion of the Option shall be exercised, the Option shall thereafter remain exercisable, according to its terms, only with respect to the number of Common Shares as to which the Option would otherwise be exercisable less the number of Common Shares with respect to which the Option has previously been exercised.

Term for Exercise. The Stock Appreciation Rights shall be exercisable and the right to such exercise become non-forfeitable at a rate of 25% of the Common Shares covered thereby on each [one year] anniversary of the date of grant, subject to the provisions hereof, and shall remain exercisable over the remaining term of the Stock Appreciation Rights. Unless an earlier expiration date is specified by this Agreement, the right to exercise shall expire on the seventh (7) anniversary of the date of grant of these Stock Appreciation Rights. Notwithstanding the foregoing, upon the occurrence of a change in control (as defined in the Plan) any unexercised portion of the Stock Appreciation Right shall promptly be canceled in exchange for either (i) payment in cash of an amount equal to the excess of the change in control price over the exercise price for such rights, or (ii) an Alternative Award as defined in Paragraph 10(b) of the Plan.

Term for Exercise. The Reload Option shall become exercisable, subject to the provisions of Sections 3 and 4 hereof, on ______________, which is the date six months after the grant date specified in Section 1 hereof. Unless an earlier expiration date is specified by this Agreement, the Reload Option shall expire at 5:00 P.M., Arizona Mountain time (such time shall hereinafter be referred to as the "End of Business"), on ________________, which is the expiration date of the Original Option (the "Termination Date").

Term for Exercise. This Option is exercisable in full on or after the third anniversary of the date the Option was granted, subject to the provisions hereof, and shall remain exercisable over the remaining term of the Option. Unless an earlier expiration date is specified by this Agreement, the Option shall expire on the tenth anniversary of the date of grant of this Option. Notwithstanding the foregoing, upon the occurrence of a Change in Control (as defined in the Plan), any unexercised portion of the Option shall promptly be canceled in exchange for either (i) a payment in cash of an amount equal to the excess of the Change in Control Price over the exercise price for such Options, or (ii) an Alternative Award as defined in Section 10.(b) of the Plan.

Term for Exercise. On October 19, 1998, the Option shall become exercisable, subject to the provision hereof, and shall remain exercisable over the remaining term of the Option. The Option may be exercised from time to time, in whole or in part, up to the number of shares with respect to which it is then exercisable. Except as an earlier expiration date is specified by this Agreement, the Option shall expire at 4:00 P.M., Long Beach, California time, on the tenth anniversary of the date of grant of this Option. Notwithstanding the foregoing, upon the occurrence of a Change in Control (as defined in the Plan), the Option shall become immediately and fully exercisable as to all shares to which the Option relates and shall remain exercisable until expiration or termination of the option.

Term for Exercise. The Option shall become available for exercise beginning on the earlier of: (a) 180 days after the effective time of the Merger; (b) the date of the Employee's death; (c) the date of the Employee's disability (as defined below); (d) the business day before the effective date of any registration statement of the Surviving Corporation covering any of the Surviving Corporation's Class A Common Stock; or 2 (e) the business day before the effective time, closing or termination date of any merger or other business combination, tender offer, sale of all or substantially all of the assets of liquidation (or other similar transaction) involving the Surviving Company or its Class A Common Stock or Class B Common Stock, other than the Merger, subject to the provisions hereof, and provided that for purposes of paragraphs (a), (d) and (e) of this Section 2, the Employee shall not have ceased to be employed by the Corporation. The Option shall expire ten years from the date hereof, and the Class B Shares available under the Option may be purchased at any time and from time to time in one or more installments.

Term for Exercise. (a) The Option shall become exercisable, subject to the provisions of this Section 2 and Sections 3 and 4 hereof, in installments of ___ Common Shares on the first anniversary of the date of grant of the Option, ___ Common Shares on the second anniversary and ___ Common Shares on the third anniversary. Unless an earlier expiration date is specified by this Agreement (or, if applicable, in Supplement A), the Option shall expire at 5:00 P.M., Arizona Mountain Standard Time (such time shall hereinafter be referred to as the “End of Business”), on the day after the tenth anniversary of the date on which the Option was granted (the “Termination Date”). (b) In addition to the provisions of Section 2(a) of the Agreement as set forth above, in the event a Participant’s employment with the Corporation, any Subsidiary, and any parent company or successor to the Corporation terminates after a Change of Control by reason of the Participant’s Retirement or by reason of a Qualifying Termination (as that term is defined in the Corporation’s Change of Control Agreements in existence at the time of the Change of Control even if the Participant has not entered into any such agreement) that occurs within two years after a Change of Control, the Option shall become exercisable, no later than the date of such termination, for the purchase of the full number of Common Shares specified in Section 1 above.