Common use of Termination of Option Clause in Contracts

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 18 contracts

Samples: Employment Agreement (Master Graphics Inc), Employment Agreement (Master Graphics Inc), Employment Agreement (Master Graphics Inc)

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Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Termterm").

Appears in 9 contracts

Samples: Bonus and Stock Option Agreement (WGNB Corp), Incentive Stock Option Agreement (WGNB Corp), Incentive Stock Option Agreement (WGNB Corp)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Paysys International Inc), Incentive Stock Option Agreement (Paysys International Inc), Agreement (Resource America Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) five years from the Date of Grant (the "Option Term").

Appears in 5 contracts

Samples: Stock Option Agreement (Hyperdynamics Corp), Stock Option Agreement (Hyperdynamics Corp), Employment Agreement (BPO Management Services)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercisedexercised or terminated earlier in accordance with the terms of this Agreement, shall terminate and become null and void after the expiration of ten (10) years from the Grant Date of Grant (the "Option Term").

Appears in 5 contracts

Samples: Non Qualified Stock (Atlas Energy, Inc.), Agreement (Atlas Energy, Inc.), Option Grant Agreement (Atlas Energy, L.P.)

Termination of Option. (a) The Except as otherwise provided herein, the Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 5 contracts

Samples: Ampace Corp, Ampace Corp, Ampace Corp

Termination of Option. (a) The This Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date date of Grant grant (the "Option Term").

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Liefschultz Steven B), Non Qualified Stock Option Agreement (Liefschultz Steven B), Non Qualified Stock Option Agreement (Liefschultz Steven B)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) ____ years from the Date of Grant (the "Option Term").

Appears in 3 contracts

Samples: Agreement (Rait Investment Trust), Agreement (Rait Investment Trust), Rait Investment Trust

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) 10 years from the Date of Grant (the "Option TermOPTION TERM").

Appears in 3 contracts

Samples: Grant of Incentive (Bancorp, Inc.), Non Qualified (Bancorp, Inc.), Bancorp, Inc.

Termination of Option. (aA) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Intrust Financial Corp /), Intrust Financial Corp /

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option TermExpiration Date").

Appears in 2 contracts

Samples: Employment Agreement (Uci Medical Affiliates Inc), Employment Agreement (Uci Medical Affiliates Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term")) unless sooner terminated pursuant to paragraphs (b) through (h) below.

Appears in 2 contracts

Samples: 7 Eleven Inc, Southland Corp

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 2 contracts

Samples: Regent Communications Inc, Regent Communications Inc

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten five (105) years from the Date of Grant (the "Option Term").

Appears in 2 contracts

Samples: Executive Employment Agreement (Todd Shipyards Corp), Non Qualified Stock Option Agreement (Play by Play Toys & Novelties Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercisedexercised or otherwise terminated pursuant to the terms of this Agreement, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (U S Liquids Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) _____ years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Agreement (Rait Investment Trust)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten __________ (10____) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (New York Bagel Enterprises Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option TermOPTION TERM").

Appears in 1 contract

Samples: Grant of Incentive (Resource America Inc)

Termination of Option. (a) a. The Option Option, and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten fifteen (1015) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Security Pledge Agreement (Jreck Subs Group Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten five (105) years from the Date of Grant (the "Option Term")Grant.

Appears in 1 contract

Samples: Crown American Realty Trust

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Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten three (103) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Vertical Computer Systems Inc

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) __________ years from the Date of Grant (the "Option Term")) [no more than 10 years from Date of Grant].

Appears in 1 contract

Samples: Agreement (Medical Device Alliance Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date date of Grant this Agreement (the "Option Term").

Appears in 1 contract

Samples: Stock Option Participant Agreement (First Chester County Corp)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after upon the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Stock Option Agreement (Troutt Kenny A)

Termination of Option. (a) The Subject to the other provisions of this Agreement, the Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (America Online Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) three years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Stock Option Agreement (Hyperdynamics Corp)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term")._____ years

Appears in 1 contract

Samples: Agreement (Medical Device Alliance Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Option Agreement (Pt 1communications Inc)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (_______years [no more than 10) years ] from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Station Casinos Inc

Termination of Option. (a) 3.1 The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10three(3) years from the Date of Grant (the Grant(the "Option Term").

Appears in 1 contract

Samples: Orlando Predators Entertainment Inc

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) two years from the Date of Grant (the "Option Term").

Appears in 1 contract

Samples: Stock Option Agreement (Hyperdynamics Corp)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the expiration of ten (10) 5 years from the Date of Grant (the "Option TermOPTION TERM").

Appears in 1 contract

Samples: Grant of Incentive (Bancorp, Inc.)

Termination of Option. (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercisedexercised or terminated earlier in accordance with the terms of this Agreement, shall terminate and become null and void after the expiration of ten (10) years from following the Date of Grant (the "Option Term"Expiration Date”).

Appears in 1 contract

Samples: Option Grant Agreement (Atlas Energy Group, LLC)

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