Option Term definition

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

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Option Term means the period beginning on the Grant Date of an Option and ending on the expiration date of such Option, as specified in the Award Agreement for such Option and as may, consistent with the provisions of the Plan, be extended from time to time by the Board prior to the expiration date of such Option then in effect.

Option Term means the maximum term of an Option as set forth in Section 7.3.

Examples of Option Term in a sentence

Unless otherwise determined by the Board, all unexercised Options shall be cancelled at the expiry of the Option Term.
All other terms and conditions of the Lease shall apply throughout the Option Term; however, Tenant shall, in no event, have the option to extend the Lease Term beyond the Option Term described in Section 1 above.
Upon the proper exercise of such option to extend, the Lease Term shall be extended for the Option Term.
The annual Base Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the greater of (i) the annual Base Rent payable during the last year of the initial Lease Term, or (ii) the Fair Market Rental Rate for the Premises.
Should the expiry date of any Option Term fall within a Black-Out Period or within nine (9) Business Days following the expiration of a Black-Out Period, then unless the extension would result in tax penalties, such expiry date shall be automatically extended without any further act or formality to that date which is the tenth (10th) Business Day after the end of the Black-Out Period, such tenth (10th) Business Day to be considered the expiry date for such Options for all purposes under the Plan.

More Definitions of Option Term

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

Option Term means the period beginning on the Grant Date of an Option and ending on the date such Option expires, terminates or is cancelled.

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

Option Term means the period of 20 years commencing on 1 January 1993 and expiring on 31 December 2012;

Option Term shall have the meaning ascribed to such term in Section 3 of this Agreement.

Option Term shall have the meaning ascribed to such term in Section 2 herein.

Option Term means the period of time during which an Option is exercisable as the Committee shall determine at the time of grant; provided, however, no Option shall be exercisable later than the tenth anniversary of its grant date.