Conditions for Exercise of Option Sample Clauses

Conditions for Exercise of Option. During Optionee's lifetime, the Option may be exercised only by him or by his legal representative. The Option must be exercised while Optionee is employed by the Company, or, to the extent exercisable at the time of termination of employment, within 190 days of the date on which he ceases to be an employee, except that (a) if he ceases to be an employee because of Retirement, the Option may be exercised within three years from the date on which he ceases to be an employee, (b) if an Optionee's employment is terminated for cause, the unexercised portion of the Option is immediately terminated, and (c) in the event of Optionee's Disability or death, the Option may be exercised by the Optionee or, in the case of death, by his estate or by the person to whom such right devolves from him by reason of his death within two years after the date of his Disability or death; provided, however, that the Option and all option gain, as defined in Section 4.01, shall at all times be subject to the forfeiture provisions of Section 4 hereof; and provided further that no rights to purchase Common Stock under this Option may be exercised later than ten years after the Date of Grant.

Conditions for Exercise of Option. Notwithstanding any other provision of this Agreement, no Option granted under this Agreement may be exercised in whole or in part: (a) Unless the shares being the subject of this Agreement are registered under the Securities Act of 1933 (the “Act”), or if such registration is not required, unless the Employee exercising the Option furnishes the Corporation with an opinion of counsel acceptable to the Corporation confirming that such registration is not required, provided, however, that the Corporation may waive the presentation of an opinion of counsel but may require a written statement signed by the Employee containing investment representations satisfactory to the Corporation and an agreement to accept such restrictions on transfer of the shares as the Corporation reasonably imposes so long as such shares have not been currently registered under the Act; (b) Until the shares subject to this Agreement are registered under any applicable blue sky laws; or (c) If the issuance of Common Stock of the Corporation upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation.

Conditions for Exercise of Option. 3.1 During the Optionee’s lifetime, the Option may be exercised only by the Optionee or by the Optionee’s guardian or legal representative. The Option must be exercised while the Optionee is employed by IBKC, or in the event of a termination of employment, for such period following termination under certain circumstances, as may be provided in Section 6 of the Plan. Notwithstanding the foregoing, no Option may be exercised more than ten years following the Date of Grant. 3.2 In the event the Optionee is discharged from the employ of IBKC or a subsidiary company for Cause, as defined in the Plan, the Optionee shall forfeit the right to exercise any portion of this Option, which shall be immediately null and void.

Conditions for Exercise of Option. During Optionee's lifetime, the Option may be exercised only by him or by his guardian or legal representative. The Option must be exercised while Optionee is employed by the Company, or, to the extent exercisable at the time of termination of employment, within 190 days of the date on which he ceases to be an employee, except that (a.) if he ceases to be an employee because of Retirement, the Option may be exercised within three years from the date on which he ceases to be an employee, (b.) if an Optionee's employment is terminated for cause, the unexercised portion of the Option is immediately terminated, and (c.) in the event of Optionee's Disability or death, the Option may be exercised by the Optionee or, in the case of death, by his estate, or by the person to whom such right evolves from him by reason of his death within two years after the date of his Disability or death; provided, however, that no Option may be exercised later than ten years after the Date of Grant.

Conditions for Exercise of Option. 3.1 During Optionee’s lifetime, the Option may be exercised only by the Optionee or by Optionee’s guardian or legal representative. The Option must be exercised while Optionee is employed by the Company, or in the event of a termination of employment, for such period following termination and under certain circumstances, as may be provided in the Plan. Notwithstanding the foregoing, no Option may be exercised more than 10 years following the Date of Grant. 3.2 In the event Optionee is discharged from the employ of the Company or a subsidiary company for misconduct under Section 4.3 of the Plan, Optionee shall forfeit the right to exercise any portion of this Option, which shall be immediately null and void.

Conditions for Exercise of Option. During Optionee’s lifetime, the Option may be exercised only by the Optionee or by the Optionee’s guardian or legal representative. The Option must be exercised while Optionee is employed by IBKC, or, to the extent exercisable at the time of termination of employment, but not later than three months after the date on which the Optionee ceases to be an employee, except that if the Optionee ceases to be an employee because of death, retirement or disability, the vested Options may be exercised within one year from the earlier of the Optionee’s death, retirement or disability provided, however, that no Option may be exercised later than 10 years after the Date of Grant.

Conditions for Exercise of Option. The Landlord must renew this lease, for the further term or terms stated in item 0 of Schedule 1 if: 28.1.1 there is no unremedied breach of this lease by the Tenant of which the Landlord has given the Tenant written notice. 28.1.2 the Tenant has not persistently committed breaches of this lease of which the Landlord has given notice during the Term; and 28.1.3 the Tenant has requested the renewal in writing not more than 6 months nor less than 3 months before the end of the Term. The latest date for exercising the option is stated in item 0 of Schedule 1.

Conditions for Exercise of Option. ‌ The Landlord must renew this lease for the further term or terms stated in Item 5 of the Reference Schedule if: 24.1.1 there is no unremedied breach of this lease by the Tenant of which the Landlord has given the Tenant written notice;‌ 24.1.2 the Tenant has not persistently committed breaches of this lease of which the Landlord has given notice during the Term; 24.1.3 the Tenant has requested the renewal in writing on or before the date specified in Item 5 of the Reference Schedule; and 24.1.4 not less than 12 months before the end of the Term the Tenant has met with the Landlord to initiate discussions regarding the future use of the Premises and, if requested by the Landlord, has provided the Landlord with a Business Plan.‌

Conditions for Exercise of Option. During Optionee's lifetime, the Option may be exercised only by him or by his legal representative. The Option must be exercised while Optionee is employed by the Company, or, to the extent exercisable at the time of termination of employment, within 190 days of the date on which he ceases to be an employee, except that (a) if he ceases to be an employee because of Retirement, the Option may be exercised within three years from the date on which he ceases to be an employee, (b) if an Optionee's employment is terminated for cause, the unexercised portion of the Option is immediately terminated, and (c) in the event of Optionee's Disability or death, the Option may be exercised by the Optionee or, in the case of death, by his estate or by the person to whom such right devolves, within two years after the date of his Disability or death; provided, however, that the Option and all option gain, as defined in Section 4.01, shall at all times be subject to the forfeiture provisions of Section 4 hereof; and provided further that no Option may be exercised later than ten years after the Date of Grant.

Conditions for Exercise of Option. During Optionee’s lifetime, the Option may be exercised only by the Optionee or by the Optionee’s guardian or legal representative. The Option must be exercised while Optionee is employed by IBKC, or, to the extent the Option is vested at the time of termination of employment, but not later than ninety (90) days after the date on which the Optionee ceases to be an employee, except that if the Optionee ceases to be an employee because of death or disability, the vested Options may be exercised within one year from the earlier of the Optionee’s death, disability or the date the Optionee ceases to be an employee, if earlier, provided, however, that no Option may be exercised later than 10 years after the Date of Grant. In the event the Optionee ceases service to the Company because of his or her retirement, the Optionee shall have the right to exercise the Option at any time within six (6) months following such termination to the extent the Option is otherwise exercisable as of the date of the Optionee’s termination of service.