Common use of Term of Option; Continuation of Service Clause in Contracts

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate, [__] (___) years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's employment if such termination occurs prior to the end of such [__] (___) year period. Nothing contained herein shall confer upon Optionee the right to the continuation of his or her employment by the Company or to interfere with the right of the Company to terminate such employment or to increase or decrease the compensation of Optionee from the rate in existence at the date hereof.

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate, [__] (___) terminate 10 years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's ’s employment or affiliation as a Board Member if such termination occurs prior to the end of such [__] (___) 10 year period. Nothing contained herein shall confer upon Optionee the right to the continuation of his or her employment by or affiliation with the Company or to interfere with the right of the Company to terminate such employment employment/affiliation or to increase or decrease the compensation of Optionee from the rate in existence at the date hereof.

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate, [__] ten (___10) years from the date hereof, as set forth in Section 1(e) above (“Expiration Date”). This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's ’s office or employment if such termination occurs prior to the end of such [__] (___) year periodExpiration Date. Nothing contained herein shall confer upon Optionee the right to the continuation of his or her office or employment by with the Company or to interfere with the right of the Company to terminate such office or employment or to increase or decrease the compensation of Optionee from the rate in existence at the date hereof.