Option Extension. The Corporation shall use its best efforts to obtain stockholder approvals, to the extent required, of amendments to any stock option plan it may have which would provide that the termination date for all options held under each such plan by the Employee and exercisable as of the date of his death shall remain exercisable until (i) the termination date as set forth in the respective option certificates or (ii) 18 months after the Section 5 Termination, whichever is later.
Option Extension. In addition to the compensation set forth above in Section 1(b), in recognition of Executive’s agreement to continue in the employ of the Company and not seek employment elsewhere during the Retention Period, as of the Effective Date, all of the options to acquire common stock of the Company which have expiration dates during calendar 2009 that are currently held by the Executive are hereby extended such that the expiration date of each such option is extended for an additional twelve months from such respective expiration date. Following the execution hereof, the Company shall cause such extensions to be documented accordingly in its stock option records.
Option Extension. The Option Period may be extended for up to three successive 30-day periods upon Optionee’s delivery of a written notice of extension to Optionor in the form attached hereto as Exhibit B (the “Option Extension Notice”) and the payment by Optionee to Optionor of one hundred thousand U.S. dollars (US$100,000) for each 30-day extension (each, an “Option Extension Payment,” and collectively with the Initial Option Payment, the “Total Option Payment”) not less than 10 days prior to the expiration of the then-current Option Period.
Option Extension. The Company will amend the post-termination exercise periods set forth in the agreements reflecting the Outstanding Options such that Executive shall have until the earlier of (i) January 15, 2022 and (ii) the last day of the applicable ten-year term of the applicable Outstanding Option to exercise the Outstanding Options.
Option Extension. For the consideration contemplated herein, the portion of each Option that is vested as of Employee’s cessation as a Service Provider (expected to occur upon the expiration of the Consulting Term), may be exercised through the twenty-four (24) month anniversary of the Effective Date. Notwithstanding the foregoing, in no event will any Option be exercisable or outstanding beyond the term or expiration date applicable to the Option and, further, the vested portion of the Options shall be subject to earlier termination in accordance with the change in control, merger, Company liquidation and similar provisions of the applicable Plan. The exercise of the vested portion of Employee’s Options and the shares purchased thereunder shall otherwise continue to be governed by the terms and conditions of the applicable Stock Agreements. Employee acknowledges that the extension of the Options may be deemed a modification resulting in the loss of incentive stock option status for those Options.
Option Extension. To the maximum extent permitted under the applicable option plans and agreements, Executive shall continue to vest in certain of his unvested stock options and be able to exercise certain of his vested stock options during the Consulting Period as described on Exhibit A (the “Option Extension”). The Company represents that Exhibit A accurately sets forth the grant dates, the number of shares subject to options that are vested and unvested as of the Termination Date, and identifies the period in which such options may be exercised.
Option Extension. In consideration of the opportunity to further develop the Project and participate in Phase 2 of the Lab, the Option Period shall be extended for a further twenty-four (24) months (the “Extended Option Period”). If development funding is sought from the Canada Media Fund (the “CMF”) the Extended Option Period shall be automatically extended for such time as necessary to comply with the minimum requirements of the CMF. Notwithstanding the foregoing, if eOne is in active negotiations for the development, production, and/or financing of the Project with a broadcaster at the time the Extended Option Period, is due to expire, then the Extended Option Period, shall be automatically extended further until such negotiations are completed or terminated, but in any event no more than ninety (90) days.
Option Extension. Upon execution of this Agreement Employer will extend Employee's outstanding options to acquire one hundred forty-five thousand (145,000) shares of Employer's common stock for an additional period through and including May 31, 2006.
Option Extension. If you comply fully with your legal and contractual obligations to the Company, then the Company will provide you with the following option extension. The post-termination exercise period of your Equity Awards that are stock options to purchase Shares that are vested and outstanding as of the last day of the Transition Period (each, an “Option”) will be extended such that the Options will remain outstanding and exercisable through December 31, 2023, provided that in no event will any Option remain outstanding beyond the maximum term of the Option, and provided further that all Options are subject to earlier termination as set forth in the Plan under which the applicable Option was granted.
Option Extension. In the event of a Change of Control, the ------ --------- Company or any successor thereto (or an affiliate of the Company or any successor thereto) shall take all such action as may be necessary or appropriate to amend any option to purchase Titan common stock held by Officer to provide that such option will not terminate as a result of or in connection with Officer's termination of employment with the Company or any successor thereto (or an affiliate of the Company or any successor thereto) for reasons other than Cause, but may continue to be exercised following such termination of employment until the date on which such options otherwise would terminate or expire.
