Option Year definition

Option Year in respect of an Option means the year commencing on the Earliest Exercise Date of the Option or on any anniversary of such date, and ending prior to or on the Latest Exercise Date;
View Source
Option Year means the year that would be added to a Player Contract if an Option were exercised.
View Source
Option Year means the additional twelve-month period that is added to the term of the Standard Player Contract of certain Rookies if the option provided for in Article V, Section 4 is exercised by the Team.
View Source

Examples of Option Year in a sentence

  • Option Year Number 1 (2nd year of the contract) and Option Year Number 2 (3rd year of the contract) cover additional acreage.

  • The CDRL Submission B001 shall be considered late IAW FAR 15.208 if they are not received no later than 180 days prior to the end of Option Year 2 and/or Option Year 3 of their contracts.

  • The term of a Two-Way Contract may not exceed two (2) Seasons in length and may not include any Option Year or Early Termination Option.

  • For the avoidance of doubt, in no event may a Team and a player extend, renegotiate, or include an Option Year or Early Termination Option in a Two-Way Contract or a Contract containing an Exhibit 10.

  • The Contract Period of Performance shall be as follows: Performance Period Dates Price Base Year: Option Year One: Option Year Two: Option Year Three: Option Year Four: Option years may be exercised unilaterally by the City at the City’s sole discretion.


More Definitions of Option Year

Option Year means a twelve (12) month period commencing on the Effective Date and each twelve (12) month period thereafter during the term of this Agreement.
View Source
Option Year means, with respect to a Stock Option granted under this Plan, a period of 12 consecutive months beginning on its Date of Grant or an anniversary of its Date of Grant.
View Source
Option Year has the meaning ascribed thereto in Section 2.1(g) (Key Principles) of this Agreement;
View Source
Option Year means One (1) year period following the Effective Date and each anniversary of the Effective Date.
View Source
Option Year has the meaning specified in Section 2.2.
View Source
Option Year in respect of an Option means a year commencing on the Date of Grant and any anniversary of such date, and ending immediately prior to the next anniversary of such date;
View Source
Option Year refers to the period commencing on either the Date of Grant of this option or an annual anniversary of such date and ending on the next ensuing annual anniversary of such date.
View Source