Option Terms means the Exercise Prices, the maximum number of Shares that the Executive may purchase pursuant to the terms of the Option, and the other terms and conditions of the Option.
Option Terms. Lessee is hereby granted the right and option to extend this Lease for the additional term or terms as provided in Section 1.03c (herein "Option Term" or "Option Terms") commencing at the expiration of the Initial Term at a mutually agreeable increase. Such option is granted upon the following terms and conditions:
Examples of Option Terms in a sentence
The Option Term(s) must be exercised in accordance with the provisions of Section 4.2 of this Lease.
There shall be no further options to extend or renew the Term beyond the two Option Terms.
Option Terms: The Lessee is granted the option to extend this Lease for two (2) consecutive fifteen-year (15) terms.
More Definitions of Option Terms
Option Terms have the meanings set forth in Section 2.2.
Option Terms. The Tenant has the right to purchase the leased property for $ 80,000.00 until December 31, 2006. If Tenant exercises the option, the Owner agrees to sign the attached Contract of Sale. [Attach a Contract of Sale form with all the blanks filled in Tenant will be given credit toward purchase price $ $50.00 of the rent paid monthly until option is exercised up to four (4) years. WHEN PROPERLY COMPLETED THIS IS A BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK COMPETENT LEGAL AID AND/OR COUNSEL BEFORE SIGNING. DATED this 31st day of December, 2002. /s/ Xxxxx Xxxxxx Xx. /s/ Xxxxxxxxx Xxxxxx ---------------------------------- ----------------------------------- for Costas, Inc. as Trustee for ALCAR FAMILY TRUST (Tenant's Signature) (Owner's Signature) XXXXX XXXXXX XX. ALCAR FAMILY TRUST (print or type name here) (print or type name here) COSTAS, INC. ALCAR FAMILY TRUST 0000 Xxxx Xxxxxxxxxx Xxxx XX Xxx 0000 Xxx Xxxxx, Xxxxxx 00000 Xxxxxxx, Xxxxxx 00000
Option Terms. The Lessee is granted the option to extend this Lease for two (2) consecutive fifteen-year (15) terms. The Option Term(s) must be exercised in accordance with the provisions of Section 4.2 of this Lease.
Option Terms means all of the foregoing. The Option Term for each Program shall terminate in any event upon the date on which the relevant Option or BD Option is exercised for such Program.
Option Terms means March 1, 2006 to February 28, 2007 as to the first Option under Section 4.7 of the Amended Lease and March 1, 2007 to February 29, 2008 as to the second Option under Section 4.7 of the Amended Lease. Unless otherwise defined herein, defined terms shall the meaning or definition used in the Lease.
Option Terms. (as hereinafter defined) of sixty (60) months each. Minimum Rent: Period of Term Minimum Rent Commencement Date-Month 60 1/12th of $18.00 per square foot of Premises Floor Area Month 61-Expiration of Initial Term 1/12th of $19.80 per square foot of Premises Floor Area First Option Term 1/12th of $22.74 per square foot of Premises Floor Area Second Option Term 1/12th of $24.84 per square foot of Premises Floor Area Third Option Term 1/12th of $27.84 per square foot of Premises Floor Area* *Minimum Rent during the Third Option Term shall equal the greater of (i) $27.84 per square foot of Premises Floor Area, or (ii) the “Fair Market Rental Rate” (as hereinafter defined) as of the commencement of the Third Option Term as determined in accordance with Section 3(c)(ii) below.
Option Terms means all of the foregoing. Notwithstanding anything to the contrary in this Agreement: (i) in all cases and in any event, the Option Terms for all Programs for which the Option has not previously been exercised shall expire on the Twelfth (12th) anniversary of the Effective Date; (ii) it is understood and agreed that the term “Option Term” is applicable only to a Program that is subject to an Option, and further does not apply to the [***]SM Program; and (iii) in the event of a Business Combination involving [***]), [***].