Exercise Conditions. During the Exercise Period, where Party A deems it necessary and the laws of the P.R.C. at that time permits to purchase the equities or assets of Party C, Party A may immediately exercise the Equity Purchase Option or the Assets Purchase Option, and purchase the Object Equities or Object Assets. Party A shall have the right to choose to exercise either the Equity Purchase Option or the Assets Purchase Option; and the exercise of the Equity Purchase Option will not affect the exercise of the Assets Purchase Option and vice versa.
Exercise Conditions. Vested Options may be excised at any time during the Exercise Period, subject to the terms and conditions of this Award Agreement and the Plan. Notwithstanding the foregoing, the Participant’s ability to exercise any or all Vested Options on or after the Participant’s Termination of Service or Substantial Reduction of Service shall be contingent upon the Participant’s execution, compliance and non-revocation of a Separation and Release Agreement approved by the Company whereby the Participant releases the Company from any and all liability and claims of any kind.
Exercise Conditions. The exercise of this Warrant is subject to the satisfaction of at least one of the following conditions:
Exercise Conditions. The Company's exercise of the Put Option is subject to the following conditions:
Exercise Conditions. A Stock Option expires and ceases to be exercisable on the 90th day after you cease to be an employee or non-employee Director, except as otherwise provided in this Plan and in the Option Agreement. If your employment with the Company or a subsidiary is terminated (voluntarily or involuntarily), you may exercise your Stock Option within 90 calendar days following the date of termination. If you die or cease to be an employee or non-employee Director because of a disability at a time when you are entitled to exercise a Stock Option, the Stock Option will continue to be exercisable for one year after your death or disability by you or your guardian (in the case of disability) or your heir or personal representative (in the case of death). Notwithstanding the foregoing, the Stock Option is never exercisable after the Expiration Date stated in the heading of this Agreement. The Stock Option will be exercisable after your death, disability, or termination of employment only to the extent that it was exercisable on the date when you ceased to be an employee of the Company or any of its subsidiaries. The Administrative Committee shall decide to what extent bona fide leaves of absence for illness, temporary disability, military or governmental service, or other reasons will constitute an interruption of continuous employment that results in your ceasing to be an employee of the Company or any of its subsidiaries. The award of the Stock Option to you does not create or extend any right for you to continue to serve as an officer or employee of the Company or any of its subsidiaries, to participate in any other stock option or employee benefit plan of the Company, or to receive the same benefits as any other employee; nor does it restrict in any way the right of the Company or any of its subsidiaries to terminate at any time your employment with it either at will or as provided in any written employment agreement between you and the Company.
Exercise Conditions. The Stock Option expires and ceases to be ------------------- exercisable one (1) month after the date on which you cease to be a director of the Company, other than by reason of your death or resignation from the Board of Directors with the consent of the Company, but only if and to the extent the Stock Option was exercisable immediately prior to such date, and subject to the provisions of this section 4. If you are removed as a director of the Company for cause (as defined in the Company's Articles of Incorporation, as amended from time to time), all of the Stock Options shall terminate immediately on the date of your removal. If you: (i) die while a director of the Company or within the period when the Stock Option could have otherwise been exercised; or (ii) cease to be a director of the Company as a result of your resignation from the Board, provided that the Company has consented in writing to your resignation, then, in each such case, you, or your duly authorized representatives, shall have the right, at any time within one (1) year after your death or after your resignation, as the case may be, and prior to the termination of the Stock Option pursuant to section 2, to exercise the Stock Option to the extent the Stock Option was exercisable by you immediately prior to your death or resignation.
Exercise Conditions. Upon fulfilment of the Exercise Conditions (defined as subparagraphs a, b, c and d below), Assignor shall exercise the Purchase Option in accordance with the terms of the Lease, and provided that none of the events referenced in Section 1(a)(i), (ii), (iii) or (iv) have occurred, Assignee is irrevocably obligated to purchase the Property from Landlord in accordance with the Lease. The Exercise Conditions consist of:
Exercise Conditions. 3.7 The Exercise of the Put Option shall be subject to the following provisions of the SPA: Sale and Transfer Agreement
Exercise Conditions. The several obligations of LTTH and Messrs Xxxxx, Xxxxx and XxXxxxx to take the actions set forth under Section 2 shall in each case be subject to the satisfaction of the following conditions on the Expiration Date:
Exercise Conditions. The exercise of this Stock Option is subject to:
