Term of the Option definition

Term of the Option means the period during which a particular option may be exercised, as provided in Section 8(a) hereof.
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Term of the Option means the period during which a particular option or related SAR may be exercised in Section 8(a) hereof.
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Term of the Option has the meaning ascribed thereto in Section 3 of this Agreement;
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Examples of Term of the Option in a sentence

  • Each Option grant shall be evidenced by an Award Agreement that shall specify the Exercise Price, the Term of the Option, the number of Shares to which the Option pertains, the time or times at which such Option shall be exercisable and such other provisions as the Committee shall determine.

  • The ten-year period from the Grant Date to its tenth anniversary shall constitute the "Term" of the Option.

  • Each Agreement, other than those relating solely to Awards of Shares without restrictions, shall set forth the Term of the Option, Stock Appreciation Right, Restricted Stock or other Award or the Performance Cycle for the Performance Units, as the case may be.

  • Each Agreement, other than those relating solely to Awards of Shares without restrictions, shall set forth the Term of the Option or Restricted Stock or the Performance Cycle for the Performance Units, as the case may be.

  • Each option granted under the Plan shall be exercisable only during a term (the "Term of the Option") commencing one year, or such other period of time (which may be less than or more than one year) as is determined to be appropriate by the Committee, after the date when the option was granted and ending (unless the option shall have terminated earlier under other provisions of the Plan) on a date to be fixed by the Committee.

  • If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option).

  • The term (the "Option Term") of the Option shall commence on the date of this Agreement and shall expire on the Expiration Date set forth in the Notice of Grant unless such Option shall theretofore have been terminated in accordance with the terms of the Notice of Grant, this Agreement or of the Plan.

  • If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option).

  • If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • Except as set forth below in this Section 4(c)(i), if the Optionee's employment with the Corporation shall terminate for any reason, (a) the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option) and (b) the Option, to the extent not then vested, shall immediately expire upon such termination.


More Definitions of Term of the Option

Term of the Option through August 11, 2008". The amended definitions shall apply throughout the $5 Option. Section 8(a) of the $5 Option is hereby deleted and the following amended Section 8(a) is substituted therefore:
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Term of the Option. Ten (10) years from Date of Grant.
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Term of the Option means the period commencing with the Date of Grant through the date which is one day prior to the Expiration Date.
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Term of the Option means the period commencing on the date of this agreement and expiring on the Expiry Date;
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Related to Term of the Option

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Option Period means the period during which an Option may be exercised.

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning set forth in Section 2.

  • Renewal Term has the meaning set forth in Section 2.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating 5 years thereafter.

  • Primary Term means for the purposes of any Service provided under any Schedule of Service under:

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Base Term Commencing (i) with respect to the Existing Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 16, 2016 (“Expiration Date”).”

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • Extension Term means the time period defined in §2.C.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Option Expiration Date means the last day of the maximum term of an Option.

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.