Common use of Term of the Option Clause in Contracts

Term of the Option. The term of the Option (the “Option Period”) shall be for a period of ten (10) years from the Effective Date, terminating at the close of business on the tenth anniversary of the Effective Date (the “Expiration Date”) or such shorter period as provided in Section 6 hereof.

Appears in 14 contracts

Samples: Stock Option Agreement (Imation Corp), Stock Option Agreement (Imation Corp), Stock Option Agreement (Imation Corp)

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Term of the Option. The term of the Option (the “Option Period”) shall be for a period of ten seven (107) years from the Effective Date, terminating at the close of business on the tenth seventh anniversary of the Effective Date (the “Expiration Date”) or such shorter period as provided in Section 6 hereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Imation Corp), Stock Option Agreement (Imation Corp)

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Term of the Option. The term of the Option (the “Option Period”) shall be for a period of ten seven (107) years from the Effective Date, terminating at the close of business on the tenth seventh anniversary of the Effective Date (the “Expiration Date”) or such shorter period as provided in Section 6 Sections 4 and 7 hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Imation Corp)

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