EXPIRATION OF OPTION definition

EXPIRATION OF OPTION. If not exercised or extended pursuant to the terms hereof, this option shall expire on January 10, 1999 and Optionor shall be released from all obligations hereunder and all of Optionee's rights hereunder, legal or equitable, shall cease and the consideration hereinabove receipted for by Optionor shall be retained by Optionor.
Sample 1

Examples of EXPIRATION OF OPTION in a sentence

  • SECTION 4.4 - EXPIRATION OF OPTION The Option shall expire and may not be exercised to any extent after the expiration of ten years from the date the Option was granted.

  • During filling, displaced vapours from the ISO container will be returned to the storage tank to minimise emissions to the activated carbon filtration system.The total air flow through each ventilation system will be 4,000 m3/hr.

  • The remaining provisions of EXPIRATION OF OPTION under the Plan and the Option Agreement are incorporated herein as to Expiration and are applicable to the ANSO.

  • Option agreements need not be identical, but each option agreement by appropriate language shall include the substance of all of the following provisions: 6.1 EXPIRATION OF OPTION.

  • The Participant must be continuously Affiliated with the Company from the date of this Agreement to the date the Participant exercises the Option except that the sections on RETIREMENT, DISABILITY OR DEATH, CHANGES IN CONTROL and EXPIRATION OF OPTION contain special rules which may permit exercise of the Option after termination of Affiliation.

  • Except as may otherwise be expressly provided in such written notice, any acceleration of the exercisability of the Option and any attempted exercise of the Option by the Optionee shall be null and void if the Change in Control does not occur within thirty (30) days of the date contemplated in the notice.3.5 EXPIRATION OF OPTION.

  • No one may exercise an Option after the later of the periods set forth in the Section EXPIRATION OF OPTION.

  • EXPIRATION OF OPTION Except as provided in this Section 4, the Option shall expire and cease to be exercisable as of the Expiration Date set forth in the Term Sheet.

Related to EXPIRATION OF OPTION

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

  • Director Option means an Option granted pursuant to Section 6.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Date of Option Grant means ____________, 199_.

  • Option Expiration Date means the last day of the maximum term of an Option.

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • Option means a stock option granted pursuant to the Plan.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.