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;

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Option Year means the year that would be added to a Player Contract if an Option were exercised.

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.

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.
If the Year 1 Option, Year 2 Option, Year 3 Option and/or the Subsidiary Option are required to be issued pursuant to this agreement, the Company shall, within 14 days after the required grant date of the option, file with the SEC a registration statement on Form SB-2 which will register for sale the entire number of shares under the respective 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.

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.

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.

Option Year has the meaning ascribed thereto in Section 2.1(g) (Key Principles) of this Agreement;

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;

Option Year means One (1) year period following the Effective Date and each anniversary of the Effective Date.

Option Year means the 12-month period from the Effective Date until the first anniversary of the Effective Date and each subsequent 12-month period between anniversaries of the Effective Date during the Option Period.

Option Year means the year that would be added to a Player Contract if an Option were exercised. (mm) “Performance Bonus” means any Incentive Compensation described in Article II, Section 3(c)(iii). (nn) “Player Contract” (see “Uniform Player Contract”).