Term and Exercise of the Option. (a) The Option will expire on the tenth anniversary of the Grant Date (the “Expiration Date”).
Term and Exercise of the Option. The Option shall expire five years from the date of this Agreement and may be exercised for all or any portion of the Shares (in whole shares) at any time and from time to time during such period. This Option may be exercised only by written notice to the Company indicating the number of whole Shares which are being purchased. Such notice must be signed by the Grantee and be accompanied by full payment of the exercise price.
Term and Exercise of the Option. Subject to Section 2 above, the Option shall be exercisable beginning as of the date hereof and continuing until 5:00 p.m., New York City time, on a date which is five years from the date hereof (such date referred to herein as the "Expiration Date").
Term and Exercise of the Option. The Option shall expire ten (10) years from the date of this Agreement and may be exercised at the times and for the number of Shares as follows:
Term and Exercise of the Option. The Option shall expire __________, 20__ (the "Expiration Date"), and is immediately exercisable and may be exercised in whole or in increments.
Term and Exercise of the Option. The Option shall expire on the 30th of April, 2014 (the "Expiration Date") and may be exercised in whole or in increments in accordance with the following schedule:
Term and Exercise of the Option. Subject to earlier termination as set forth in this Agreement, the Option shall be exercisable, in accordance with the vesting schedule set forth below, commencing on the date hereof and continuing until 5:00 p.m., New York City time, on April 10, 2006 (the "EXPIRATION DATE"). The Option may be exercised in whole or in increments in accordance with the following schedule:
Term and Exercise of the Option. The Option granted hereby shall be deemed to be exercised by Parent, and Parent shall become the sole legal and beneficial owner of all of the outstanding Seller Equity Interests, effective as of August 1, 2024 (“Exercise Date”), if i) the IPO or a Private Sale (as that term is defined in Section 12.3 below) has not been consummated prior to that date, or ii) Seller has not repurchased Parent’s rights under the Option in accordance with Section 12.6 below. Upon exercise of the Option, Parent shall be deemed to be the sole legal and beneficial owner of all outstanding Seller Equity Interests. Seller shall be responsible for assuring that the purchase of the outstanding Equity Interests pursuant to the Option shall cause Parent to succeed to and possess all of Seller’s right title and interest to all of its assets, rights and obligations, including but not limited to tangible and intangible assets, employees (whether employed directly or through a contract with a management company), intellectual property, contracts and agreements, including but not limited to service agreements and customer agreements, and other assets. The Parties agree to take such additional actions and to execute such additional documents as may be reasonably necessary or appropriate in order to effectuate the transfer of the Seller Equity Interests to Parent.
Term and Exercise of the Option. The Option shall expire five years from the date of this Agreement and may be exercised at the times and for the number of Shares as follows:
Term and Exercise of the Option. The term of the Option shall commence on December 1, 2000 and shall terminate at midnight, Eastern Standard Time on December 1, 2005. CHMC may exercise the Option only during its term and only by delivery of written notice to Owner at the address set forth below. In the event that the Option is exercised, the closing shall take place at such time as set out in the notice of exercise of the Option at the offices of CHMC or such other place as agreed by the parties. Upon exercise of the Option, Owner and CHMC shall enter into a Purchase and Sale Agreement substantially in the form attached hereto as Exhibit "A".
