Common use of Period of Option Clause in Contracts

Period of Option. The Option is exercisable at any time during a ---------------- period of five years commencing January 4, 1999 and ending January 3, 2004. The Option may be exercised from time to time during the option period as to the total number of shares covered thereby or any lesser amount thereof. The Option is nonexercisable after January 3, 2004. Termination of the Optionee's relationship with the Company shall not affect the Optionee's ability to exercise the Option.

Appears in 5 contracts

Samples: Option Agreement (United Leisure Corp), Option Agreement (Grand Havana Enterprises Inc), Option Agreement (United Leisure Corp)

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Period of Option. The Option is exercisable at any time during a ---------------- period of five years commencing January 4February 1, 1999 1996, and ending January 330, 20042001. The Option may be exercised from time to time during the option period as to the total number of shares covered thereby or any lesser amount thereof. The Option is nonexercisable after January 330, 2004. Termination of the Optionee's relationship with the Company shall not affect the Optionee's ability to exercise the Option2001.

Appears in 2 contracts

Samples: 3 Stock Option Agreement (Grand Havana Enterprises Inc), 4 Stock Option Agreement (Grand Havana Enterprises Inc)

Period of Option. The Option is exercisable at any time during a ---------------- period of five years commencing January 4February 1, 1999 and ending January 331, 2004. The Option may be exercised from time to time during the option period as to the total number of shares covered thereby or any lesser amount thereof. The Option is nonexercisable after January 331, 2004. Termination of the Optionee's relationship with the Company shall not affect the Optionee's ability to exercise the Option.

Appears in 1 contract

Samples: Option Agreement (United Leisure Corp)

Period of Option. The Option is exercisable at any time during a ---------------- period of five years commencing January 4September 22, 1999 1998 and ending January 3September 21, 20042003. The Option may be exercised from time to time during the option period as to the total number of shares covered thereby or any lesser amount thereof. The Option is nonexercisable after January 3September 21, 20042003. Termination of the Optionee's relationship with the Company shall not affect the Optionee's ability of Optionee to exercise the Option.

Appears in 1 contract

Samples: Option Agreement (United Leisure Corp)

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Period of Option. The Option is exercisable at any time during a ---------------- period of five years commencing January 4September 30, 1999 1998 and ending January 3September 29, 20042003. The Option may be exercised from time to time during the option period as to the total number of shares covered thereby or any lesser amount thereof. The Option is nonexercisable after January 3September 29, 20042003. Termination of the Optionee's relationship with the Company shall not affect the Optionee's ability to exercise the Option.

Appears in 1 contract

Samples: Option Agreement (United Leisure Corp)

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