Common use of When Exercisable Clause in Contracts

When Exercisable. (A) For the initial period beginning June 15, 2001 and ending March 31, 2002, half of the options granted may be exercised on the date of grant and the remaining half on April 1, 2002. (B) For each subsequent year beginning April 1 and ending March 31, the stock options granted may be exercised only as follows: (i) Half of the stock options granted may be exercised on October 1, six months after the beginning of the employment year in which the options were granted; and (ii) The remaining half of the stock options granted may be exercised on April 1, twelve months after the beginning of the employment year in which the options were granted. (C) To the extent not exercised, the stock options granted shall accumulate and be exercised by the Executive, in whole or in part, in any subsequent period but not later than 5 years from the date the options are granted.

When Exercisable. (A) For the initial period beginning June 15, 2001 and ending March 31, 2002, half of the options granted may be exercised on the date of grant and the remaining half on April 1, 2002. (B) For each subsequent year beginning April 1 and ending March 31, the The stock options granted may be exercised only as follows: (i) Half of the stock options granted may be exercised on October 1, 2002 six months after the beginning of the employment year in which the options were granted, whether or not the Executive's employment has been terminated during the Employment Period; and (ii) The remaining half of the stock options granted may be exercised on April 1, 2003 twelve months after the beginning of the employment year in which the options were granted, whether or not the Executive's employment has been terminated during the Employment Period. (CB) To the extent not exercised, the stock options granted shall accumulate and be exercised by the Executive, in whole or in part, in any subsequent period period, but not later than 5 years from the date the options are granted.

When Exercisable. (A) For the initial period beginning June 15, 2001 and ending March 31, 2002, half of the options granted may be exercised on the date of grant and the remaining half on April 1, 2002. (B) For each subsequent year beginning April 1 and ending March 31, the The stock options granted may be exercised only as follows: (i) Half of the stock options granted may be exercised on October 1, 2002, six months after the beginning of the employment year in which the options were granted, whether or not the Executive's employment has been terminated during the Employment Period; and (ii) The remaining half of the stock options granted may be exercised on April 1, 2003, twelve months after the beginning of the employment year in which the options were granted, whether or not the Executive's employment has been terminated during the Employment Period. (CB) To the extent not exercised, the stock options granted shall accumulate and be exercised by the Executive, in whole or in part, in any subsequent period period, but not later than 5 years from the date the options are granted.

When Exercisable. (A) For the initial period beginning June 15, 2001 and ending March 31, 2002, half of the options granted may be exercised on the date of the grant and the remaining half on April 1, 2002. (B) For each subsequent year beginning April 1 and ending March 31, the stock options granted may be exercised only as follows: (i) Half of the stock options granted may be exercised on October 1, six months after the beginning of the employment year in which the options were granted; and (ii) The remaining half of the stock options granted may be exercised on April 1, twelve months after the beginning of the employment year in which the options were granted. (C) To the extent not exercised, the stock options granted shall accumulate and be exercised by the Executive, in whole or in part, in any subsequent period but not later than 5 years from the date the options are granted.