Common use of Option Term Clause in Contracts

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth (8th) anniversary of the Grant Date as specified in Section 18. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 10 contracts

Samples: Nonqualified Stock Option Agreement (Resaca Exploitation, Inc.), Nonqualified Stock Option Agreement (Resaca Exploitation, Inc.), Nonqualified Stock Option Agreement (Resaca Exploitation, Inc.)

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Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth tenth (8th10th) anniversary of the Grant Date as specified in Section 18. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 4 contracts

Samples: Stock Option Agreement (T-3 Energy Services Inc), Stock Option Agreement (T-3 Energy Services Inc), Non Statutory Stock Option Agreement (T-3 Energy Services Inc)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 19 below) and terminate on the eighth tenth (8th10th) anniversary of the Grant Date as specified in Section 1819. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 4 contracts

Samples: Non Statutory Stock Option Agreement (Consolidated Graphics Inc /Tx/), Non Statutory Stock Option Agreement (Consolidated Graphics Inc /Tx/), Non Statutory Stock Option Agreement (Consolidated Graphics Inc /Tx/)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth (8th) tenth anniversary of the such Grant Date as specified Date, unless earlier exercised, terminated or forfeited in Section 18accordance with its terms. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Basic Energy Services Inc), Nonqualified Stock Option Agreement (Basic Energy Services Inc), Nonqualified Stock Option Agreement (Basic Energy Services Inc)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 20 below) and terminate on the date immediately prior to the eighth (8th) anniversary of the Grant Date as specified in Section 18Date. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Resaca Exploitation, Inc.), Incentive Stock Option Agreement (Resaca Exploitation, Inc.)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below2 above) and terminate on the eighth tenth (8th10th) anniversary of the Grant Date as specified in Section 182. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 2 contracts

Samples: Option Agreement (Smith International Inc), Option Agreement (Smith International Inc)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 19 below) and terminate on the eighth fifth (8th5th) anniversary of the Grant Date as specified in Section 1819. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Vaalco Energy Inc /De/), Nonstatutory Stock Option Agreement (Vaalco Energy Inc /De/)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth (8th) tenth anniversary of the such Grant Date as specified Date, unless earlier exercised, terminated or forfeited in Section 18accordance with its terms. The period during which the Option is in effect and may be exercised is referred to herein as the "Option Period".

Appears in 2 contracts

Samples: Basic Energy Services Inc, Basic Energy Services Inc

Option Term. The Option shall commence on the Grant Date (identified in Section 18 21 below) and terminate on the eighth tenth (8th10th) anniversary of the Grant Date as specified in Section 1821. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Consolidated Graphics Inc /Tx/), Incentive Stock Option Agreement (Consolidated Graphics Inc /Tx/)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 20 below) and terminate on the eighth (8th) anniversary of the Grant Date as specified in Section 1820. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Resaca Exploitation, Inc.), Nonqualified Stock Option Agreement (Resaca Exploitation, Inc.)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below17) and terminate on the eighth tenth (8th10th) anniversary of the Grant Date as specified in Section 1817. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (T-3 Energy Services Inc), Robbins & Myers Inc

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth (8th) tenth anniversary of the Grant Date as specified Date, unless earlier exercised, terminated or forfeited in Section 18accordance with its terms. The period during which the Option is in effect and may be exercised is referred to herein as the "Option Period".

Appears in 1 contract

Samples: Basic Energy Services Inc

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Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth (8th) anniversary of the Grant Date as specified [TENTH ANNIVERSARY FROM GRANT DATE], unless earlier exercised, terminated or forfeited in Section 18accordance with its terms. The period during which the Option is in effect and may be exercised is referred to herein as the "Option Period".

Appears in 1 contract

Samples: Basic Energy Services Inc

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth date immediately prior to the tenth (8th10th) anniversary of the Grant Date as specified in Section 18Date. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Petroquest Energy Inc)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth (8th) date immediately prior to the _______ anniversary of the Grant Date as specified in Section 18Date. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 1 contract

Samples: Nonstatutory Stock Option (Sanders Morris Harris Group Inc)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth date immediately prior to the tenth (8th10th) anniversary of the Grant Date as specified in Section 18Date. The period during which the Option is in effect and may be exercised is referred to herein as the "Option Period".

Appears in 1 contract

Samples: Employment Agreement (Washington Homes Inc)

Option Term. The Option shall commence on the Grant Date (identified in Section 18 19 below) and terminate on the eighth ____ (8th___) anniversary of the Grant Date as specified in Section 1819. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Vaalco Energy Inc /De/)

Option Term. The Option shall commence on the Date of Grant Date (identified in Section 18 19 below) and terminate on the eighth (8th) 10th anniversary of the Date of Grant Date as specified in Section 1819. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 1 contract

Samples: Vaalco Energy Inc /De/

Option Term. The Option shall commence on the Grant Date (identified in Section 18 below) and terminate on the eighth seventh (8th7th) anniversary of the Grant Date as specified in Section 18. The period during which the Option is in effect and may be exercised is referred to herein as the “Option Period”.

Appears in 1 contract

Samples: Stock Option Agreement (Robbins & Myers Inc)

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