Option Period definition

Option Period means the period during which an Option may be exercised.

Option Period means the period described in Section 7(c).

Option Period shall commence on the Date of Grant and shall expire on the date immediately preceding the tenth (10th) anniversary of the Date of Grant, unless terminated earlier in accordance with Section 4 below. The Stock Option is a

Examples of Option Period in a sentence

• During the Option Period, Optionor shall remain responsible for the filing, prosecution, maintaining and obtaining the Patent Rights.

• During the Option Period, Optionee may elect to have Optionor file foreign patent applications corresponding to the Patent Rights in such foreign countries as Optionee may select by written notice on or before [Date], and such foreign filings shall be added to Appendix A and shall be included in the definition of Patent Rights.

• The option granted hereunder shall terminate at the end of the Option Period, or, if Optionee exercises its option, Commented [CM10]: Should match the timeline of 2.4 below ( ) days from the date that Optionor receives notice pursuant to this Section 2.3, which the parties may extend upon mutual written agreement.

• In order to exercise its option, Optionee must, prior to the end of the Option Period, notify Optionor in writing that it is exercising its option rights.

• As additional consideration for the non-exclusive license in Article 2.1, Optionee shall disclose, or cause to be disclosed to KUCTC, any improvement to the Patent Rights and Licensed Technology made during the Option Period, and grants to KU and KUCTC on behalf of themselves and their research collaborators an irrevocable, non-exclusive, royalty-free, all-purpose license to use such improvements throughout the world.

More Definitions of Option Period

Option Period means the period during which a Stock Option may be exercised from time to time, as established by the Board and set forth in the Award Agreement for each Participant who is granted a Stock Option.

Option Period means the period during which Options may be exercised as set forth in Section 10 hereof.

Option Period means the period during which an Option may be exercised;

Option Period means the period from the date of this Agreement to and including the date of exercise or termination of the Option;

Option Period means the term of an Option, as provided in Section 7(d).

Option Period means the period during which an Option is outstanding.

Option Period has the meaning set forth in Section 3.9.