PERIOD OF Clause Examples

PERIOD OF. EXERCISABILITY Section 3.1

PERIOD OF apprenticeship

PERIOD OF. PROBATION The Employee acknowledges that his ability to perform the duties that will be assigned pursuant to his employment under this agreement are the basis for the Employer entering into this agreement and cannot be demonstrated until a period of employment has elapsed. Accordingly, the Employee agrees that the first three months of employment shall be probationary and that during the period the Employer may terminate the Employee’s employment with no notice or pay in lieu of notice (the “Period of Probation”).

PERIOD OF. EXERCISABILITY ------------------------ Section 3.1 - Commencement of Exercisability ----------- ------------------------------ Subject to Section 3.2 hereof and the Plan, the Option shall be and become exercisable as set forth on the signature page hereof

PERIOD OF execution

PERIOD OF. EXERCISABILITY Section 3.1 - Commencement of Exercisability ----------- ------------------------------ (a) This Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment shall consist of one-fourth (1/4) of the shares covered by the Option and shall become exercisable on the date that is one year from the date the Option was awarded. (ii) The second installment shall consist of one-fourth (1/4) of the shares covered by the Option and shall become exercisable on the date that is two years from the date the Option was awarded. (iii) The third installment shall consist of one-fourth (1/4) of the shares covered by the Option and shall become exercisable on the date that is three years from the date the Option was awarded. (iv) The fourth installment shall consist of one-fourth (1/4) of the shares covered by the Option and shall become exercisable on the date that is four years from the date the Option was awarded. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.

PERIOD OF. Employment This Agreement will commence and be effective as of November 1, 1996, and shall expire and terminate as of October 31, 2000.

PERIOD OF. Cover The period of cover set out in the certificate of insurance. This will be a 12-month period

PERIOD OF. EXERCISABILITY Section 2.1 - Commencement of Exercisability (a) Subject to Sections 2.5, the Option shall become exercisable in [five (5) cumulative installments as follows: (i) The first installment shall consist of ___________ percent of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of ___________percent of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of __________ percent of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of ____________ percent of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (v) The fifth installment shall consist of __________ percent of the shares covered by the Option and shall become exercisable on the fifth anniversary of the date the Option is granted.] (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable.