Term of this Option Sample Clauses

Term of this Option. This Option may not be exercised, in whole or in part, after the Expiration Date set forth in the Notice of Grant.
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Term of this Option. Unless sooner terminated in accordance herewith or in the Plan, this Option shall expire on the tenth anniversary of the Grant Date.
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Term of this Option. Unless sooner terminated, this option must be exercised on or before ten years from date of grant, provided that this option must be exercised on or before five years from the date of grant for individuals who at the date of grant own shares possessing more than 10% of the total combined voting power of all classes of stock of the Company. This option is exercisable in accordance with its terms until it is terminated or expires.
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Term of this Option. Unless sooner terminated in accordance herewith or in the Plan, this Option shall expire on the tenth anniversary of the Grant Date (“Final Exercise Date”).
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Term of this Option. Unless sooner terminated, this option must be exercised on or before Vesting: This option is fully vested and immediately exercisable.
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Term of this Option. Unless sooner terminated, this option must be exercised on or before, as described more fully in the attached Exercise Schedule. Exercise Schedule and Prices: This option shall vest and become exercisable according to the schedule and at the exercise prices set forth in the attached Exercise Schedule. How to Exercise. To exercise this option in whole or in part (i.e., in 100 share increments), you must deliver to the Secretary of the Company, at least two full business days prior to the date on which you wish to exercise the option, a written notice of exercise and the exercise price, payable in cash by bank certified or cashier's check, for the number of shares that you desire to purchase. In addition, you may pay for all or any portion of the aggregate exercise price by (i) delivering to the Company shares of Common Stock previously held by you, (ii) having shares withheld from the amount of shares of Common Stock to be received by you or (iii) delivery of an irrevocable subscription agreement obligating you to take and pay for the shares of Common Stock to be purchased within one year of the date of such exercise. A form of Notice of Exercise of Incentive Stock Option and a form of Irrevocable Subscription Agreement that you may use have been attached to this Agreement. You must pay all applicable withholding taxes upon "exercise of this option. At the Company's discretion, you also may pay the exercise price through irrevocable instructions to a stock broker to deliver the amount of sales proceeds necessary to pay the exercise price and applicable withholding tax in accordance with applicable governmental regulations. The Company may also require you to execute other documents as a condition to exercising this option. You should contact the Secretary in advance when you are considering an exercise of this option.
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Related to Term of this Option

  • Term of this Agreement The term of this Agreement shall continue in effect, unless earlier terminated by either party hereto as provided hereunder, for a period of two years. Thereafter, unless otherwise terminated as provided herein, this Agreement shall be renewed automatically for successive one-year periods. This Agreement may be terminated without penalty: (i) by provision of sixty (60) days' written notice; (ii) by mutual agreement of the parties; or (iii) for "cause" (as defined herein) upon the provision of thirty (30) days' advance written notice by the party alleging cause.

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Maximum Term of Option In no event may the Option be exercised, in whole or in part, after the tenth anniversary of the Option Date (the "Expiration Date").

  • Effective Period of this Agreement This Agreement shall take effect upon its execution and shall remain in full force and effect for an initial term of two (2) years from the date of its execution (unless terminated as set forth in Section 11), and shall continue in effect from year to year thereafter, subject to annual approval of such continuance by the Board of Trustees of the Trust, including the approval of a majority of the Trustees of the Trust who are not interested persons of the Trust or of Distributor by vote cast in person at a meeting called for the purpose of voting on such approval.

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Date of Grant; Term of Option This Option is granted as of , 2005 (the “Date of Grant”), and it may not be exercised than later than the date that is ten (10) years after date of grant, subject to earlier termination, as provided in the Plan.

  • 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.

  • Term of Service Except as otherwise provided in this Agreement, Atlas shall serve as the Managing General Partner of the Partnership until either it:

  • Term of Consultancy Company hereby agrees to retain the Consultant to act in a consulting capacity to the Company, and the Consultant hereby agrees to provide services to the Company commencing on the Effective Date and ending 6 MONTHS from the Effective Date unless terminated pursuant to Section 8 of this Agreement.

  • Term of Services The initial term of this agreement is for a two ---------------- year period commencing on January 1, 1999, subject to the termination section of this agreement, with the parties agreeing to confirm any subsequent extension of this initial term in a signed written agreement setting forth any amended or supplemental conditions.

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