Common use of Exercise Periods Clause in Contracts

Exercise Periods. Each Option shall terminate at 5:00 p.m. (Eastern ---------------- standard time) on the [fourth] anniversary of December 31st of each year in which the Options were granted.

Appears in 4 contracts

Sources: Stock Option Agreement (Siberian Energy Group Inc.), Stock Option Agreement (Siberian Energy Group Inc.), Stock Option Agreement (Siberian Energy Group Inc.)

Exercise Periods. Each Option shall terminate at 5:00 p.m. (Eastern ---------------- ----------------- standard time) on the [fourth] anniversary of December 31st of each year in which the Options were granted.

Appears in 1 contract

Sources: Stock Option Agreement (Siberian Energy Group Inc.)