Extended Option Period definition

Extended Option Period means, with respect to the first Extended Option Period, the period ending on March 1 of the taxable year next following the taxable year in which the Option Period ends or such later date as the Corporation may designate in the first Extension Notice and, with respect to each subsequent Extended Option Period, shall mean the period ending on March 1 of the next succeeding taxable year or such later date as the Corporation may designate in the applicable Extension Notice. None of the shares of Common Stock issued pursuant to this Agreement nor any interest therein shall be sold, transferred or encumbered until the Repurchase Option as to such shares may no longer become exercisable. The Repurchase Option shall become exercisable during the Option Period or any Extended Option Period, as the case may be, upon the termination of employment of the Employee with the Corporation or any of its subsidiaries other than as a result of the Employee's death or permanent and total disability.
Sample 1Sample 2Sample 3
Extended Option Period has the meaning given to it in clause 5.1;
Sample 1Sample 2Sample 3
Extended Option Period means the extended period for exercise of options following termination of the Optionee’s employment, as provided in Section Four, paragraphs (a), (b), (c) or (d) and as applicable in the circumstances.
Sample 1Sample 2

Examples of Extended Option Period in a sentence

  • The Corporation shall have the right to extend the period during which the Repurchase Option may become exercisable (the "Extended Option Period") for such number of the shares (the "Extended Option Shares") covered by this Agreement as shall be determined as described below.

  • Such right, which may be exercised more than once, shall be exercised by notice (the "Extension Notice") to the Employee no later than the end of the Option Period for the first Extended Option Period, or the then-current Extended Option Period for any subsequent Extended Option Period, of the number of shares that the Corporation designates as Extended Option Shares that shall remain subject to the Repurchase Option through the next Extended Option Period.

  • If the Parent wishes to exercise either of ----------------- the Options, the Parent shall do so by delivering written notice during the Initial Option Period or the Extended Option Period, as the case may be (the date of such notice being herein called the "Notice Date"), to the Investor specifying the place, time and date not earlier than two business days, nor later than ten business days, from the Notice Date for the closing of the purchase by the Parent pursuant to such exercise.

  • The Initial Option Period and, if applicable, the Extended Option Period (as defined in clause 4.2) shall constitute the “Option Period” for the purposes of this Deed).

  • The Initial Option Period and the Extended Option Period shall be collectively referred to as the Option Period.

  • The Company may extend the Initial Option Period to 5pm on 18 December 2019 by providing Biogreen notice in writing advising of the Company intention to extend the Initial Option Period and paying to Biogreen the amount of $100,000 (Extended Option Period).

  • If the total number of shares subscribed for by the Optionees is less than the number of Offered Shares, then for five days following the Option Period (the "Extended Option Period") the Corporation (which for this purpose shall be considered an Optionee) shall have the option to purchase all or any portion of the unpurchased shares at the "Option Price" applicable to it.

  • For the avoidance of any doubt, the Option Period (if the Extended Option Period applies) shall be for a period of 24 months from the Execution Date.

  • In accordance with and subject to CTP's 1991 Stock ------------- Option Plan, Xxxx'x unvested stock options will continue to vest during the period from July 19, 1999 through July 18, 2000 (the "Extended Option Period").

  • All provisions of this Extension Agreement shall be in full force and effect during the Extended Option Period and, if Optionee exercises its right to purchase the Real Property, until Closing.


More Definitions of Extended Option Period

Extended Option Period means the extended period for exercise of options following termination of the Optionee's employment, as provided in Section 8, paragraphs (a), (b), (c) or (d) and as applicable in the circumstances.
Sample 1
Extended Option Period has the meaning set forth in Section 5.4.
Sample 1

Related to Extended Option Period

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Option Period means the period during which an Option may be exercised.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

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

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

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

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Extended Term shall have the meaning set forth in Section 2.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.

  • Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • 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.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Initial Expiration Date shall have the meaning set forth in Section 1.1(d).

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.