Common use of Extension of Time Periods Clause in Contracts

Extension of Time Periods. The time periods for exercises of certain rights hereunder shall be extended (but in no event by more than six (6) months): (a) to the extent necessary to obtain all governmental approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (b) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 10 contracts

Samples: Exhibit 2 Stock Option Agreement (CFM Technologies Inc), Exhibit 5 Stock Option Agreement (Mattson Technology Inc), Trenwick Stock Option Agreement (Chartwell Re Holdings Corp)

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Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2 and 7 shall be extended extended: (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 4 contracts

Samples: Stock Option Agreement (Sigcorp Inc), Stock Option Agreement (Indiana Energy Inc), Stock Option Agreement (Indiana Energy Inc)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2, 6 and 7 shall be extended extended: (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 4 contracts

Samples: Stock Option Agreement (Ku Energy Corp), Bug Stock Option Agreement (Long Island Lighting Co), Energy Corporation Stock Option Agreement (Ku Energy Corp)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2 shall be extended (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; periods and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Kulicke & Soffa Industries Inc), Agreement and Plan of Merger (Kulicke & Soffa Industries Inc), Stock Option Agreement (Kulicke & Soffa Industries Inc)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2, 6 and 7 shall be extended (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Puget Sound Power & Light Co /Wa/), Stock Option Agreement (Puget Sound Power & Light Co /Wa/), Stock Option Agreement (Washington Energy Co)

Extension of Time Periods. The time periods for exercises of certain rights hereunder shall be extended (but in no event by more than six (6) months): (a) to the extent necessary to obtain all governmental approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (b) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise. Section 22.

Appears in 2 contracts

Samples: Cascade Stock Option Agreement (Ascend Communications Inc), Ascend Stock Option Agreement (Cascade Communications Corp)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2, 6 and 7 shall be extended extended: (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration expira- tion of all statutory waiting periods; and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 2 contracts

Samples: Bug Stock Option Agreement (Brooklyn Union Gas Co), Lilco Stock Option Agreement (Brooklyn Union Gas Co)

Extension of Time Periods. The time periods for exercises of certain rights hereunder shall be extended (but in no event by more than six twelve (612) months): (a) to the extent necessary to obtain all governmental approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (b) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 2 contracts

Samples: Company Stock Option Agreement (Mariner Health Group Inc), Parent Stock Option Agreement (Mariner Health Group Inc)

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Extension of Time Periods. The time periods for exercises of certain ------------------------------ rights hereunder shall be extended (but in no event by more than six twelve (612) months): (a) to the extent necessary to obtain all governmental approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; and (b) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 2 contracts

Samples: Parent Stock Option Agreement (Paragon Health Network Inc), Company Stock Option Agreement (Paragon Health Network Inc)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2 and 4 hereof shall be extended (but in no event by more than six (6) months): (a) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; periods and (b) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Securities Exchange Act of 1934, as amended, by reason of such exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Snyder Oil Corp)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2 and 6 shall be extended (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; periods and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Horizon CMS Healthcare Corp)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2 and 6 shall be extended extended: (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, and for the expiration of all statutory waiting periods; (ii) during the pendency of any temporary restraining order, injunction or other legal ban to the exercise of such rights; and (biii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Earthlink Inc)

Extension of Time Periods. The time periods for exercises exercise of certain rights hereunder under Sections 2, 7 and 10 shall be extended (but in no event by more than six (6) months): (ai) to the extent necessary to obtain all governmental regulatory approvals for the exercise of such rights, rights and for the expiration of all statutory waiting periods; periods and (bii) to the extent necessary to avoid any liability or disgorgement of profits under Section 16(b) of the Exchange Act by reason of such exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Cyrix Corp)

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