Common use of Vesting and Exercise Clause in Contracts

Vesting and Exercise. The stock option to be granted pursuant to this Section shall vest and become exercisable as follows: 1/3 upon the second anniversary of the grant date, 1/3 upon the third anniversary of the grant date and 1/3 on the fourth anniversary of the grant date. Subsequent stock options granted to the Executive shall vest pursuant to the terms and conditions of the Plan.

Vesting and Exercise. The stock option to be granted pursuant to this Section shall vest and become exercisable as follows: 1/3 1/4 upon the second first anniversary of the grant date, 1/3 and 1/4 upon the third anniversary of the grant date second, third, and 1/3 on the fourth anniversary anniversaries of the grant date. Subsequent stock options granted to the Executive shall vest pursuant to the terms and conditions of the Plan.

Vesting and Exercise. The stock option options to be granted pursuant to the terms of this Section paragraph 9 shall vest and become exercisable as follows: 1/3 upon the second six month anniversary of the grant date, 1/3 upon the third one year anniversary of the grant date and 1/3 on the fourth remainder upon the second anniversary of the grant date. The options granted shall be exercisable for a period of 10 years following the grant date. Subsequent grants of stock options granted to the Executive shall vest and be exercisable pursuant to the terms and conditions of the Company's 2004 Stock Option Plan.

Vesting and Exercise. The stock option options to be granted pursuant to this Section shall vest and become exercisable as follows: 1/3 upon the second first anniversary of the grant date, 1/3 upon the third second anniversary of the grant date and 1/3 on the fourth third anniversary of the grant date. Upon a Change of Control (as defined below), all options granted pursuant to this Section shall immediately become fully vested. Subsequent stock options granted to the Executive shall vest pursuant to the terms and conditions of the Plan.

Vesting and Exercise. The stock option options to be granted pursuant to this Section shall vest and become exercisable as follows: 1/3 1/4 upon the first anniversary of the grant date, 1/4 upon the second anniversary of the grant date, 1/3 upon and 1/4 on the third anniversary of the grant date and 1/3 1/4 on the fourth anniversary of the grant date. Upon a Change of Control (as defined below), all options granted pursuant to this Section shall immediately become fully vested. Subsequent stock options granted to the Executive shall vest pursuant to the terms and conditions of the Plan.