Common use of Client to Advise on Expiring Options Clause in Contracts

Client to Advise on Expiring Options. The undersigned acknowledges that the undersigned must advise an account executive of any decision to offset, exercise or abandon the undersigned’s option at least two days prior to the expiration date of the option contract; provided that if the undersigned fails to notify you prior to the last exercise date and you have been unsuccessful in your attempt to notify the undersigned,