Timing of Exercise Contract Clauses (9)

Timing of Exercise. Following the vesting of the Option as set forth in Section 2 hereof, the Executive may exercise all or any portion of such vested Option at any time prior to the earliest to occur of:(a) The 10th anniversary of the Date of Grant; (b) The 1st anniversary of the date of a Qualifying Termination; (c) 90 days following the Executive's termination of employment with the Company and its Affiliates as a result of a voluntary termination by Executive other than for Good Reason; and(d) The close of busi...ness on the last business day immediately prior to the date of the Executive's (A) termination of employment by the Company for Cause or (B) breach of any restrictive covenants set forth in any agreement or other arrangement between the Executive and the Company or any of its Affiliates.4. Method of Exercise. The Executive may exercise all or any portion of the Option by giving written notice of exercise to the Company specifying the number of shares of Common Stock to be exercised. Unless otherwise determined by the Administrator, the payment of the aggregate exercise price of the shares of Common Stock being exercised shall be satisfied through a cashless exercise procedure pursuant to which the Company will withhold a number of shares of Common Stock otherwise issuable upon exercise of the Option with a Fair Market Value equal to the aggregate exercise price. View More

Timing of Exercise. The Colleague may exercise this Option with respect to the percentage of shares set forth below from and after the dates specified below: Percentage Vested Date of Vesting 25% 50% 75% 100% One Year from Grant Date Two Years from Grant Date Three Years from Grant Date Four Years from Grant Date This Option will expire ten (10) years from the Grant Date.