Option Extension. The Corporation shall use its best efforts to obtain stockholder approvals, to the extent required, of amendments to any stock option plan it may have which would provide that the termination date for all options held under such plans by the Employee and exercisable as of the date of the termination of Employee (as a result of Employee's disability) shall remain exercisable until (i) the termination date as set forth in the respective option certificates or (ii) 18 months after the date of termination (as a result of Employee's disability), whichever is later.
Option Extension. In addition to the compensation set forth above in Section 1(b), in recognition of Executive’s agreement to continue in the employ of the Company and not seek employment elsewhere during the Retention Period, as of the Effective Date, all of the options to acquire common stock of the Company which have expiration dates during calendar 2009 that are currently held by the Executive are hereby extended such that the expiration date of each such option is extended for an additional twelve months from such respective expiration date. Following the execution hereof, the Company shall cause such extensions to be documented accordingly in its stock option records.
Option Extension. The Option Period may be extended for up to three successive 30-day periods upon Optionee’s delivery of a written notice of extension to Optionor in the form attached hereto as Exhibit B (the “Option Extension Notice”) and the payment by Optionee to Optionor of one hundred thousand U.S. dollars (US$100,000) for each 30-day extension (each, an “Option Extension Payment,” and collectively with the Initial Option Payment, the “Total Option Payment”) not less than 10 days prior to the expiration of the then-current Option Period.
Option Extension. To the maximum extent permitted under the applicable option plans and agreements, Executive shall continue to be able to exercise certain of his vested stock options during the Consulting Period as described on Exhibit A (the “Option Extension”), but shall not continue to vest in any stock options after the Termination Date. The Company represents that Exhibit A accurately sets forth the grant dates, the number of shares subject to options that are vested and unvested as of the Termination Date, and identifies the period in which such options may be exercised.
Option Extension. If you comply fully with your legal and contractual obligations to the Company, then the Company will provide you with the following option extension. The post-termination exercise period of your Equity Awards that are stock options to purchase Shares that are vested and outstanding as of the last day of the Transition Period (each, an “Option”) will be extended such that the Options will remain outstanding and exercisable through December 31, 2023, provided that in no event will any Option remain outstanding beyond the maximum term of the Option, and provided further that all Options are subject to earlier termination as set forth in the Plan under which the applicable Option was granted.
Option Extension. In consideration of the option extension fee payable under paragraph 2.7, and upon receipt of written notice and payment from COMPANY thirty (30) days in advance of the expiration of the Option Period, MSU hereby agrees to grant to COMPANY a twelve (12) month extension to the option period of paragraph 2.2.
Option Extension. As an inducement to Executive’s acceptance of the Agreement, the expiration date of the Stock Option (as defined in Subsection 3.7 of this Agreement) shall be extended from December 31, 2007 to March 22, 2012, subject to the approval of the Board of Directors or its Compensation Committee.
Option Extension. 7.1 The parties acknowledge that prior to the date hereof, the Executive has been awarded by SBS the following options under the Plan to acquire:
Option Extension. If the Arrangement has not closed by the First Option Deadline under the Option Agreement (as defined therein), then the parties agree that the First Option Deadline shall be deemed extended for a period of 60 days.
Option Extension. Notwithstanding anything to the contrary contained herein, and without limitation of any of Purchaser's rights and remedies hereunder, at law or in equity, in the event there is any bona fide claim, litigation or proceeding during the Option Period involving any material breach of any of Seller's material representations, warranties or agreements, or upon the occurrence during the Option Period of any event beyond Purchaser's control which materially prevents or interferes with Purchaser's development of the Property, including, without limitation, a strike, walkout or other labor interruption ("Force Majeure"), the Option Period shall be deemed automatically suspended, and thus extended, for a period of time equal to the entire period of time from the date upon which such event, bona fide claim, litigation or proceeding first occurs until the date upon which such matter is no longer threatened or pending without final disposition, or for the entire duration of such event of Force Majeure. Without limiting the generality of the foregoing, if any claim or litigation involving a breach of any of Seller's material representations, warranties or agreements herein results in a judgment in favor of a third party such that Seller cannot grant to Purchaser the rights as provided herein, Purchaser may, at its sole option, by written notice to Seller, and in addition to any other rights and remedies Purchaser may have, rescind this Agreement, and in such event Seller shall thereupon repay immediately to Purchaser all amounts previously paid to Seller hereunder. In no event will the Option Period be extended for more than six (6) months pursuant to this Paragraph as a result of an event of Force Majeure.
