Common use of Expiration of the Option Clause in Contracts

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25, 2012, which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including termination of the Optionee's employment or other business relationship with the Company and/or any Affiliated Entity, as set forth in SECTIONS 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (New Visual Corp), Non Qualified Stock Option Agreement (New Visual Corp), Non Qualified Stock Option Agreement (New Visual Corp)

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Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25_________, 2012201_, which date is not in excess of ten (10) years from the date of grant (the “Date of Grant Grant”) of the Option. The Option may terminate sooner under certain circumstances, including termination of the Optionee's ’s employment or other business relationship with the Company and/or any Affiliated Entity, as set forth in SECTIONS 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Inyx Inc), Incentive Stock Option Agreement (Inyx Inc)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated due to cessation of the Optionee’s employment or otherwise in accordance with the Plan) will expire at the end of business on February 25March 14, 2012, which date is not in excess of ten Ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including including, without limitation, termination of the Optionee's employment or ’s employment, death, retirement, disability and termination for other business relationship with the Company and/or any Affiliated Entityreasons, as set forth in SECTIONS Section 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Ascendant Solutions Inc), Nonqualified Stock Option Agreement (Ascendant Solutions Inc)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25__________, 201220__ , which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including including, without limitation, termination of the Optionee's employment or other business relationship engagement with the Company and/or any Affiliated Entity, upon certain Changes of Control (as defined in the Plan) as provided in Section 12.2 of the Plan or as set forth in SECTIONS 5.13 and 5.14 SECTION 5 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Planthis Agreement. The Option may not be exercised after its expiration or termination.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Internet Venture Group Inc), Incentive Stock Option Agreement (Satx Inc)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25__________, 201220__ , which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including including, without limitation, termination of the Optionee's employment or other business relationship engagement with the Company and/or any Affiliated Entity, upon certain Changes of Control (as defined in the Plan) as provided in Section 12.2 of the Plan or as set forth in SECTIONS 5.13 and 5.14 Section 5 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Planthis Agreement. The Option may not be exercised after its expiration or termination.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (New Visual Corp)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25, 2012, which the date is not in excess immediately preceding the tenth (10th) anniversary of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including termination of the Optionee's employment or other business ’s relationship as a Service Provider with the Company and/or any Affiliated Entity, as set forth in SECTIONS Sections 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 Section 9.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Airgain Inc)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25, 2012, which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including termination of the Optionee's employment or other business relationship with the Company and/or any Affiliated Entity, as set forth in SECTIONS Sections 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION Section 8.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (New Visual Corp)

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Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25September 9, 20122014, which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including termination of the Optionee's employment or other business relationship with the Company and/or any Affiliated Entity, as set forth in SECTIONS Sections 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Voip Inc)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25July 1, 2012, which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may will terminate sooner under certain circumstances, including one (1) year after the termination of the Optionee's employment or other business relationship with the Company and/or any Affiliated Entity, as set forth in SECTIONS 5.13 and 5.14 regardless of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Planreason therefor. The Option may not be exercised after its expiration or termination.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (New Visual Corp)

Expiration of the Option. The Option (to the extent not earlier exercised or terminated in accordance with the Plan) will expire at the end of business on February 25on___________, 201220__, which date is not in excess of ten (10) years from the Date of Grant of the Option. The Option may terminate sooner under certain circumstances, including termination of the Optionee's employment or other business relationship with the Company and/or any Affiliated Entity, as set forth in SECTIONS Sections 5.13 and 5.14 of the Plan or upon certain Changes in Control, as provided in SECTION 8.2 of the Plan. The Option may not be exercised after its expiration or termination.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (American Healthchoice Inc /Ny/)

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