Period of Option. This Agreement and the terms of the Option hereunder shall commence on the date hereof (the "Date of Grant") and, unless previously terminated pursuant to this Agreement, the Option shall terminate upon the expiration of ten (10) years from such Date of Grant. Upon the termination of the Option all rights of the Optionee hereunder, with respect to the Option, shall cease.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Newcastle Investment Corp), Nonqualified Stock Option Agreement (Newcastle Investment Corp), Nonqualified Stock Option Agreement (Newcastle Investment Corp)
Period of Option. This Agreement and the terms The term of the Option hereunder and of this Option Agreement shall commence on the date hereof (the "Date of Grant") and, unless the Option is previously terminated pursuant to this Option Agreement, the Option shall terminate upon no later than the expiration of ten (10) years from such the Date of Grant. Upon the termination of the Option Option, all rights of the Optionee hereunder, with respect to the Option, hereunder shall cease.
Appears in 1 contract
Samples: Employee Non Qualified Stock Option Agreement (Lamonts Apparel Inc)
