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

The Administrator shall determine the time period, including the time period following a Termination of Service, during which the Holder has the right to exercise the vested Options, which time period may not extend beyond the last day of the Option Term.
Except as limited by the requirements of Section 409A or Section 422 of the Code and regulations and rulings thereunder, the Administrator may extend the Option Term of any outstanding Option, and may extend the time period during which vested Options may be exercised, in connection with any Termination of Service of the Holder, and may amend any other term or condition of such Option relating to such a Termination of Service.
The term of each Option (the “Option Term”) shall be set by the Administrator in its sole discretion; provided, however, that the Option Term shall not be more than ten (10) years from the date the Option is granted, or five (5) years from the date an Incentive Stock Option is granted to a Greater Than 10% Stockholder.

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.