When Option May Be Exercised. The option granted you hereunder shall be exercisable as follows:
When Option May Be Exercised. The option granted you hereunder shall be exercisable in full from and after November 12, 2002. This option may not be exercised for less than ten shares at any one time (or the remaining shares then purchasable if less than ten and expires at the end of ten years from the date of grant whether or not it has been duly exercised (hereinafter, the "Option Expiration Date"), unless sooner terminated as provided in paragraphs 5, 6 or 7 hereof.
When Option May Be Exercised. (a) Except as otherwise provided in this section, the vested portion of this Option shall be exercised, if at all, by the Optionee at any time before the Expiration Date.
When Option May Be Exercised. This option may be exercised in cumulative annual installments of ____% of the total number of shares purchasable by you hereunder, the first such installment being exercisable on _____, _______ (or one year from the date of the grant) and subsequent additional installments of ____% of such shares being exercisable on each anniversary of the _______ succeeding years thereafter. This Option expires 10 years from the date of grant whether or not it has been duly exercised, unless sooner terminated as provided in Sections 6, 7, and 8 hereof.
When Option May Be Exercised. If this option has not terminated, lapsed or expired pursuant to Section 6 hereof, this option may be exercised in its entirety prior to its expiration on December 22, 2001, but only upon the occurrence of any of the following:
When Option May Be Exercised. (a) Except as provided in subsections (b) and (c) of this Section 6, the vested portion of this Option shall be exercised, if at all, by the Optionee at any time before the fifth anniversary of its Date of Grant.
When Option May Be Exercised. (a) The option granted you hereunder may not be exercised for a period of six months from the date of its grant by the Committee as set forth above. Thereafter, this option shall be exercisable as follows:
When Option May Be Exercised. The option granted you hereunder may be exercised in whole or in part at any time and from time to time until the close of business on March 7, 2003.
When Option May Be Exercised. The option granted you hereunder may not be exercised for a period of one year from the date of its grant by the Board as set forth above. Thereafter, 50% of the Aggregate Number shall be first exercisable one year from the date of grant and the balance shall be exercisable two years from the date of grant. This option may not be exercised for less than ten shares at any one time (or the remaining shares then purchasable if less than ten) and expires at the end of ten years from the date of grant whether or not it has been duly exercised, unless sooner terminated as provided in paragraphs 5, 6 and 7 hereof.
When Option May Be Exercised. This option shall become exercisable on the anniversaries of the date hereof indicated in the following table as to the number of shares set forth opposite said respective anniversaries less the number of shares previously purchased under this option: Anniversary of the Date Hereof Number of Shares First Second Third Fourth Fifth and such option shall remain exercisable as to all of such shares until and including the anniversary of the date hereof, subject however to the provisions of Sections 5 and 6 hereof. Shares as to which such option becomes exercisable pursuant to the foregoing provision may be purchased at any time thereafter prior to the expiration or termination of the option. Optionee acknowledges and understands that this is a nonqualified stock option plan, and that upon exercise of the option, the optionee shall become taxable on the fair market value of the stock received upon exercise of the option less the exercise price paid in connection therewith. Optionee further acknowledges and agrees that Company may have a withholding obligation in connection with any such exercise, and that Company is authorized to withhold from other compensation payable to Optionee amounts necessary to provide for such withholding, or require a deposit of such funds by Optionee prior to the delivery of shares to be issued upon exercise of the option. Company shall have no obligation with respect to the tax liability of Optionee created hereunder.
