Exercisability. Subject to [Section 5(j)] hereof, Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant; provided, however, that in the absence of any Option vesting periods designated by the Committee at the time of grant, Options shall vest and become exercisable as to one-third of the total number of shares subject to the Option on each of the first, second and third anniversaries of the date of grant; and provided further that no Options shall be exercisable until such time as any vesting limitation required by Section 16 of the Exchange Act, and related rules, shall be satisfied if such limitation shall be required for continued validity of the exemption provided under Rule 16b-3(d)(3).

Exercisability. Subject to Section 5([Section 5A(j)] hereof, Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant; provided, however, that in the absence of any Option vesting periods designated by the Committee at the time of grant, Options shall vest and become exercisable as to one-third of the total number of shares subject to the Option on each of the first, second and third anniversaries of the date of grant; and provided further that no Options shall be exercisable until such time as any vesting limitation required by Section 16 of the Exchange Act, and related rules, shall be satisfied if such limitation shall be required for continued validity of the exemption provided under Rule 16b-3(d)(3).

Exercisability.Section # Exercisability, Expiration, and Term of Options. Subject to this Section 5(j) hereof,5.4 and Section 2.1, Options shallmay be exercisableexercised at such time or timestimes, in such amounts and subject to such terms and conditionsrestrictions as shallwill be determined by the CommitteeCommittee, in its discretion. An Option may be exercised # at such time as the time of grant; provided, however, thatOption vests, or # if and to the extent set forth in the absence of anyapplicable Award Agreement, prior to the date on which the Option vesting periods designated by the Committee at the time of grant, Options shall vest and become exercisable as to one-third of the total number of sharesvests, provided that such Stock obtained will be subject to the same requirements that are applicable to grants of Restricted Stock set forth in Article 6 and in the applicable Award Agreement. After an Option on eachis granted, the Committee, in its sole discretion, may accelerate the exercisability of the first, secondOption. Restrictions and third anniversariesconditions on the exercise of an Option need not be the date of grant; and provided further that no Options shall be exercisable until such time as any vesting limitation required by Section 16 of the Exchange Act, and related rules, shall be satisfied if such limitation shall be requiredsame for continued validity of the exemption provided under Rule 16b-3(d)(3).each Award or for each Participant.

Exercisability. Subject to Section 5(j)[Section 5B(i)] hereof, OptionsWarrants shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant;issuance; provided, however, that in the absence of any OptionWarrant vesting periods designated by the Committee at the time of grant, Optionsissuance, Warrants shall vest and become exercisable as to one-third of the total number of shares subject to the OptionWarrant on each of the first, second and third anniversaries of the date of grant; andissuance; and, provided furtherfurther, that no OptionsWarrants shall be exercisable until such time as any vesting limitation required by Section 16 of the Exchange Act, and related rules, shall be satisfied if such limitation shall be required for continued validity of the exemption provided under Rule 16b-3(d)(3).