Common use of Term of Option and Conditions of Exercise Clause in Contracts

Term of Option and Conditions of Exercise. (a) The Option has been granted as of the Grant Date and shall terminate on the Expiration Date specified on Exhibit A (which shall not exceed ten years from the Grant Date), subject to earlier termination as provided herein and in the Plan. Upon the termination or expiration of the Option, all rights of the Optionee in respect of such Option hereunder shall cease.

Appears in 7 contracts

Samples: Stock Option Agreement (Jackson Hewitt Tax Service Inc), Stock Option Agreement (Jackson Hewitt Tax Service Inc), Stock Option Agreement (Jackson Hewitt Tax Service Inc)

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Term of Option and Conditions of Exercise. (a) The Option has been granted as of the Grant Date and shall terminate on the Expiration Date specified on Exhibit A (which shall not exceed ten years from the Grant Date)A, subject to earlier termination as provided herein and in the Plan. Upon the termination or expiration of the Option, all rights of the Optionee in respect of such Option hereunder shall cease.

Appears in 3 contracts

Samples: Equity and Incentive Plan Non Qualified Stock Option Agreement (PHH Corp), Stock Option Agreement (Jackson Hewitt Tax Service Inc), Equity and Incentive Plan Non Qualified Stock Option Agreement (PHH Corp)

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Term of Option and Conditions of Exercise. (a) The Option has been granted as of the Grant Date and shall terminate on the Expiration Date specified on Exhibit A (which shall not exceed ten years from the Grant Date)Award Notice, subject to earlier termination as provided herein and in the Plan. Upon the termination or expiration of the Option, all rights of the Optionee in respect of such Option hereunder shall cease.

Appears in 1 contract

Samples: Employment Agreement (PHH Corp)

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