Option Terms and Conditions. Except as provided above, the terms and conditions applicable to the New EWS Options and the SNI Options shall be substantially similar to the terms and conditions applicable to the corresponding Old EWS Option, including the terms and conditions relating to vesting, the post-termination exercise period, and the applicable exercise and tax withholding methods (as set forth in the applicable plan, award agreement or in the holder’s then applicable employment agreement). The SNI Options shall be issued under and governed by the terms of the SNI Share Plan. The SNI Share Plan shall provide that for purposes of the SNI Options held by EWS Employees, continued service with the EWS Group from and after the Distribution Date shall be deemed to constitute service with SNI.
Option Terms and Conditions. The date of grant, the maximum number of Shares the Option entitles the Optionee to purchase, whether the Option is intended to qualify as an Incentive Stock Option (“ISO”) or as a non-incentive stock option (“non-ISO”), the Option expiration date, the Option exercise price per Share and the date or dates on which the Option will vest (i.e., will become first exercisable) are as set forth on Exhibit A.
Option Terms and Conditions. The Option shall become immediately exercisable upon the execution of this Agreement. The Option shall expire on the tenth anniversary date of the date hereof.
Option Terms and Conditions. The terms and conditions of options granted under the Nonqualified Plan may differ from one another as the Program Administrators shall in their discretion determine as long as all options granted under the Nonqualified Plan satisfy the requirements of the Nonqualified Plan.
Option Terms and Conditions. Any capitalized term that is not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future.
Option Terms and Conditions. 1.1 The Option Issuer hereby grants to the Option Holder the right (an option) to purchase the Shares from the Option Issuer for a consideration which for each Company share corresponds to 1.1 newly issued shares in the Option Holder (the “Consideration Shares”). If the Option Holder exercises its right to purchase the Shares and during a nine month period from the commencement of payment of consideration under the Offer increases the purchase price or if any additional or other consideration or compensation is paid for any shares issued by the Company other than pursuant to compulsory acquisition proceedings under Swedish law, the Option Holder shall pay to the Option Issuer an additional consideration per Share equal to such increase per Company share.
Option Terms and Conditions. A. The Premium Amount for any Option granted hereunder shall be paid by the Holder of such Option to the Grantor two Business Days after the date such Option is entered into.
Option Terms and Conditions. Exercise of the Option shall be governed by the following:
Option Terms and Conditions. Lessee shall have three (3) five (5) year options to extend this Lease beyond the expiration date provided in Subsection 2.1 on the following terms and conditions: As long as Lessee is not in default of any of the terms and conditions of this Lease, Lessee may extend the term of this Lease for a total period of fifteen (15) years, with the extended term to begin on the day following the expiration date of the lease term specified in Subsection 2.1. However, if at the date of expiration of the original term, Lessee is in default beyond any grace period provided in this Lease in the performance of any of the terms or provisions of this Lease, this option shall be null and void. All the terms, covenants and provisions of the original lease term shall apply to all extended lease terms. Lessee may exercise the option to extend this Lease by giving Lessor notice of its intention to do so not later than three (3) months prior to the expiration of the Lease Term. To constitute effective notice of an intention to exercise an option under this Lease, the notice must be sent by certified mail or registered mail to Lessor at the address provided on page one of this Lease or hand delivered.
Option Terms and Conditions. 6.1 ENDOGEN hereby grants BECTON an option to take an exclusive license, without the right to grant sublicense, in and to the Licensed Patents to make, use, have made, sell, have sold and import the Product for all IVD applications only (hereinafter referred to as "Option"). Such Option shall continue from the Effective Date until the expiration of the last to expire of the Licensed Patents, providing that Becton continues to pay the annual Option renewal fees as provided in Paragraph 6.5 below.
