Expiration of Option Period. The Option Period shall expire on the tenth anniversary of the Grant Date.
Expiration of Option Period. The Option Period shall expire on May 28, 2013.
Expiration of Option Period. If PENAC does not give the Relevant Seller written notice of PENAC's desire to exercise this Right of First Refusal within the Option Period, PENAC's Right of First Refusal shall terminate and the Relevant Seller(s) may thereafter consummate the Proposed Transaction, but only to the purchaser identified in the First Refusal Terms and on terms and conditions not substantially less favorable to the Relevant Seller than those contained in the Term Sheet and provided that the sale must be consummated within one hundred and twenty (120) days following the expiration of the Option Period. For purposes hereof, a downward adjustment of more than five percent (5%) in the purchase price to be paid at closing for the Offered Shares shall be deemed substantially less favorable, but a downward adjustment of five percent (5%) or less shall not be deemed substantially less favorable.
Expiration of Option Period. (a) The unexercised portion of this Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of the following:
Expiration of Option Period. This Agreement will terminate upon expiration of the Option Period if POZEN has not exercised the Option pursuant to Section 3.1 of this Agreement during the Option Period.
Expiration of Option Period. The Option Period will expire on 5/15/2017 except as follows:
Expiration of Option Period. The Option Period will expire on January 1, 2018 except as follows:
Expiration of Option Period. The Option Period for vested Options shall expire on «expiration».
Expiration of Option Period. The Option Period shall be a period of ten years beginning on the Grant Date. The Option shall expire at the end of the Option Period or upon such earlier date as provided in subsection (b) or subsection (c) below.
Expiration of Option Period. The Option Period will expire on March _____, 2016 except as follows:
