Basic Term. Subject to earlier termination in accordance with subsection 6(b) below, the exercise period of this option shall expire ten (10) years after the date it is granted.
Basic Term. The term of this Agreement shall commence on July 31, 2012 and continue through December 31, 2012, unless terminated pursuant to this Section 2. On December 31, 2012, and on December 31 of each succeeding year, the first sentence of this Section 2.2 shall be automatically amended without any action by the parties by deleting “July 31” and inserting in its stead “January 1” and deleting each year then appearing therein and inserting in each place the next subsequent year.
Basic Term. This option shall in any event expire on the date 10 years after the Date of Grant.
Basic Term. The term of employment of the Employee by the Employer shall be for the period beginning on the date of this Agreement, and ending on December 31, 2007, unless terminated earlier pursuant to this Section 2. At any time before December 31, 2007, the Employer and the Employee may by mutual written agreement extend the Employee’s employment under the terms of this Agreement for such additional periods as they may agree.
Basic Term. The term of employment of Employee by the Company will commence on the Effective Date and will extend through the period ending on March 31, 2011, (the "Termination Date"). Company and Employee may extend the term of this Agreement by mutual written agreement.
Basic Term. The Basic Term shall commence on the Delivery Date and end on the Basic Term Expiration Date.
Basic Term. Subject to earlier termination in accordance with subsection (b) below, this option shall expire on the expiration date set forth in the Notice.
Basic Term. This option shall in any event expire on the expiration date set forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 3(b) of the Plan applies).
Basic Term. The term of employment of Officer by Corporation shall be from January 1, 1996 through December 31, 2000, unless terminated earlier pursuant to this Section 2. Commencing in 1996, on the first day of January of each year, the first and third sentences of this Section 2.2 shall be amended by deleting the year then appearing therein and inserting in its place the next subsequent year.
Basic Term. This Option shall in any event expire on the date specified in Section 1(d).
