Common use of Period of Option Clause in Contracts

Period of Option. The period of the Option shall commence on the Grant Date and expire on the tenth (10th) anniversary of the Grant Date ("Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp)

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Period of Option. The period of the Option shall commence on the Grant Date and shall expire on the tenth seventh (10th7th) anniversary of the Grant Date ("the “Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 3 contracts

Samples: Release Agreement (Calpine Corp), Executive Employment Agreement (Calpine Corp), Letter Agreement (Calpine Corp)

Period of Option. The period of the Option shall commence on the Grant Date and expire on the tenth (10th) anniversary of the Grant Date Date, subject to earlier termination as set forth in the Plan and this Stock Option Agreement ("Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp)

Period of Option. The period of the Option shall commence on the Grant Date and expire on the tenth (10th) anniversary of the Grant Date August 10, 2015 ("Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Calpine Corp)

Period of Option. The period of the Option shall commence on the Grant Date and expire on the tenth (10th) anniversary of the Grant Date Date, subject to earlier termination as set forth in the Plan and this Stock Option Agreement ("Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Calpine Corp)

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Period of Option. The period of the Option shall commence on the Grant Date and expire on the tenth (10th) anniversary of the Grant Date August 11, 2015 ("Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Calpine Corp)

Period of Option. The period of the Option shall commence on the Grant Date and expire on the tenth (10th) anniversary of the Grant Date September 1, 2015 ("Option Period"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Calpine Corp)

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