Maximum Term. The Option, to the extent vested pursuant to Section 4 hereof (or otherwise hereunder or pursuant to terms of the Plan), may be exercised at any time on or after the applicable vesting date and prior to the termination of the Option. The Option shall expire and terminate on the tenth anniversary of the Grant Date, unless it is earlier terminated in accordance with the terms of the Plan or this Agreement (including without limitation, Section 5(b) hereof). Upon any such termination of the Option, the Option shall be forfeited and shall no longer be exercisable.
Appears in 1 contract
Sources: Stock Option Award Agreement (Delcath Systems, Inc.)
Maximum Term. The Option, to the extent vested pursuant to Section 4 hereof (or otherwise hereunder or pursuant to terms of the Planhereunder), may be exercised at any time on or after the applicable vesting date and prior to the termination of the Option. The Option shall expire and terminate on the tenth anniversary of the Grant Date, unless it is earlier terminated in accordance with the terms of the Plan Plan, as incorporated herein by reference, or this Agreement (including without limitation, Section 5(b) hereof). Upon any such termination of the Option, the Option shall be forfeited and shall no longer be exercisable.
Appears in 1 contract
Sources: Inducement Award Stock Option Agreement (Delcath Systems, Inc.)
Maximum Term. The Option, to the extent vested pursuant to Section 4 hereof (or otherwise hereunder or pursuant to terms of the Planhereunder), may be exercised at any time on or after the applicable vesting date and prior to the termination of Expiration Date indicated in the OptionGrant Notice. The Option shall expire and terminate on the tenth anniversary of the Grant Expiration Date, unless it is earlier terminated in accordance with the terms of the Plan Plan, as incorporated herein by reference, or this Option Agreement (including without limitation, Section 5(b) hereof). Upon any such termination of the Option, the Option shall be forfeited and shall no longer be exercisable.
Appears in 1 contract
Maximum Term. The Option, to the extent vested pursuant to Section 4 hereof (or otherwise hereunder or pursuant to terms of the Planhereunder), may be exercised at any time on or after the applicable vesting date and prior to the termination of the Option. The Option shall expire and terminate on the tenth anniversary of the Grant DateOctober 1, 2030, unless it is earlier terminated in accordance with the terms of the Plan Plan, as incorporated herein by reference, or this Agreement (including without limitation, Section 5(b) hereof). Upon any such termination of the Option, the Option shall be forfeited and shall no longer be exercisable.
Appears in 1 contract
Sources: Inducement Award Stock Option Agreement (Delcath Systems, Inc.)