Period of Option and Conditions of Exercise. (a) Unless the Option is previously terminated pursuant to this Agreement or the Plan, the Option shall terminate on the tenth anniversary of the Date of Grant (the “Expiration Date”). Upon the termination of the Option, all rights of the Optionee hereunder shall cease.
Period of Option and Conditions of Exercise. 3.1 The terms of this Option Agreement shall commence on the Date of Grant and terminate at the Expiration Date, or at the time at which the Option expires pursuant to the terms of the ESOP or pursuant to this Option Agreement.
Period of Option and Conditions of Exercise. 3.1 The terms of this Option Agreement shall commence on the date hereof (THE DATE OF GRANT) and terminate at the Expiration Date (as defined in Section 6 below), or at the time at which the Option is completely terminated pursuant to the terms of the Option Plan or pursuant to this Option Agreement.
Period of Option and Conditions of Exercise. 2.1 The term of the Option shall commence on 19 May 1997 ("Date of Grant") and shall terminate as of 18 May 2000 ("Expiration Date"). Upon termination of the Option, all rights of the Optionee hereunder shall cease. Optionee understands and agrees that the Option granted to him is intended to comply with the provisions of Rule 16b-3 under the Securities Exchange Act of 1934, as amended, and is subject to the express terms thereof and the interpretations of the Securities and Exchange Commission thereunder.
Period of Option and Conditions of Exercise. 3.1 The Option Agreement shall commence on the Date of Grant and terminate 10 (ten) years thereafter, as specified in Exhibit B hereto, or at such time on which the Option expires pursuant to the terms of the Plan or this Option Agreement, unless determined otherwise by the Board of Directors of the Company (the "Expiration Date").
Period of Option and Conditions of Exercise. 3.1 The terms of this Option Agreement shall commence on the Date of Grant and terminate at the Expiration Date set forth in Exhibit B hereto, unless sooner terminated pursuant to the terms of the Plan, the Israeli Appendix or this Option Agreement.
Period of Option and Conditions of Exercise. The term of the Option and of this Option Agreement shall commence on the date hereof (the "Date of Grant"). The Option has a term of ten years from the Date of Grant and, to the extent not therefore exercised or terminated, shall expire on the tenth anniversary of the Date of Grant. The Option shall not be exercisable within twelve months after the Date of Grant, and thereafter the Option will become exercisable with respect to _____ shares on each of the first three anniversaries of the Date of Grant; provided that if the Optionee shall die while holding the Option, and at the time of death such Option is exercisable with respect to less than 100% of the shares subject thereto, the number of shares with respect to which the Option shall be exercisable shall be increased to 100% of the total number of shares subject to the Option. Optionee may exercise the exercisable portion of the Option in whole at any time or in part from time to time prior to the tenth anniversary of the Date of Grant subject to earlier termination of the Option, as provided below, upon Optionee's cessation of service as a director. Upon a termination of the Option pursuant to this Option Agreement, all rights of the Optionee hereunder shall cease.
Period of Option and Conditions of Exercise. A. The term of the Option shall commence on July 2, 1996 (the "Date of Grant") and terminate upon the earlier of July 2, 2006 (the "Expiration Date") and the time at which the Option is completely terminated pursuant to Section 3 or Section 4 hereof. Upon the termination of the Option, all rights of the Employee hereunder and under the Plan shall cease. Employee understands and agrees that the Option granted to him is intended to comply with the provisions of Rule 16b-3 under the Securities Exchange Act of 1934, as amended, and is subject to the express terms thereof and the interpretations of the Securities and Exchange Commission thereunder.
Period of Option and Conditions of Exercise. 3.1. The terms of this Award Agreement shall commence on the Grant Date and terminate at its Expiration Date (each as set forth in Exhibit B), or at the time at which the Option expires or otherwise terminates pursuant to the terms of the ISOP or pursuant to this Award Agreement.
Period of Option and Conditions of Exercise. (a) The Option shall be considered granted as of the date hereof (the "Option Date"). The Option shall terminate on the earliest of (i) the date that falls ten (10) years after the Option Date or (ii) the date specified in Section 4 hereof (in either case, the "Expiration Date"). Upon the Expiration Date, the Optionee shall no longer be entitled to exercise the Option.
