Option Terms definition

Option Terms means the Exercise Prices, the maximum number of Shares that the Executive may purchase pursuant to the terms of the Option, and the other terms and conditions of the Option.

Option Terms. Lessee is hereby granted the right and option to extend this Lease for the additional term or terms as provided in Section 1.03c (herein "Option Term" or "Option Terms") commencing at the expiration of the Initial Term at a mutually agreeable increase. Such option is granted upon the following terms and conditions:

Option Terms means the terms of the WHL Options as set out in SCHEDULE 1.

Examples of Option Terms in a sentence

• If City and Lessee exercise Option Terms or negotiate a new Lease after the expiration or earlier termination of this Lease, there shall be no requirement to remove its building, furniture, fixtures and equipment from the Premises.

• Option Terms – This includes the period in which a tenant can exercise their option to purchase the property, what steps a tenant must take to exercise the option and the purchase price (or how it will be calculated).

• The Establishing JBE may elect to extend this Agreement for up to two consecutive one-year terms (each an “Option Term”), at the end of which Option Terms this Agreement shall expire.

• The Court may, at its sole option, extend this Agreement for up to two consecutive one-year terms, at the end of which Option Term(s) this Agreement shall expire.

• The Judicial Council may, at its sole option, extend this Agreement to one- 5 year term, at the end of which Option Terms this Agreement shall expire.

More Definitions of Option Terms

Option Terms have the meanings set forth in Section 2.2.

Option Terms. The Tenant has the right to purchase the leased property for $ 80,000.00 until December 31, 2006. If Tenant exercises the option, the Owner agrees to sign the attached Contract of Sale. [Attach a Contract of Sale form with all the blanks filled in Tenant will be given credit toward purchase price $ $50.00 of the rent paid monthly until option is exercised up to four (4) years. WHEN PROPERLY COMPLETED THIS IS A BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK COMPETENT LEGAL AID AND/OR COUNSEL BEFORE SIGNING. DATED this 31st day of December, 2002. /s/ Xxxxx Xxxxxx Xx. /s/ Xxxxxxxxx Xxxxxx ---------------------------------- ----------------------------------- for Costas, Inc. as Trustee for ALCAR FAMILY TRUST (Tenant's Signature) (Owner's Signature) XXXXX XXXXXX XX. ALCAR FAMILY TRUST (print or type name here) (print or type name here) COSTAS, INC. ALCAR FAMILY TRUST 0000 Xxxx Xxxxxxxxxx Xxxx XX Xxx 0000 Xxx Xxxxx, Xxxxxx 00000 Xxxxxxx, Xxxxxx 00000

Option Terms means the terms specified as such in the Annexure; Party's Representative means:

Option Terms. The Lessee is granted the option to extend this Lease for two (2) consecutive fifteen-year (15) terms. The Option Term(s) must be exercised in accordance with the provisions of Section 4.2 of this Lease.

Option Terms means that right of Tenant to extend the Term for two (2) periods of five (5) years each pursuant to the terms of Section 1.3(D), below.

Option Terms. Lessor is hereby granted the right and option to extend this Lease for the additional term or terms as provided in Section 1 .03c (herein "Option Term" or "Option Terms") commencing at the expiration of the initial Term. Such option is granted upon the following terms and conditions: 2 Initial____

Option Terms. Defined in Paragraph 3.02. ------------