Duration and Exercise of Option. Subject to the terms and conditions set forth herein, the Option may be exercised, in whole but not in part, by the Optionholder by:
Duration and Exercise of Option. (a) The Option may be exercised, from time to time, with respect to all or any part of the total number of shares, beginning on the date reflected on and subject to the conditions listed on Schedule I hereto, and subject to earlier termination of the Option as provided in Section 5(b) below.
Duration and Exercise of Option. To the extent that the right to purchase Option Shares becomes vested pursuant to this Agreement, the duration of the right to purchase shall be governed by the terms of the Plan; provided that the Grantee’s right to purchase Option Shares shall expire no later than the tenth anniversary of the Effective Date. Similarly, the manner in which any vested right to purchase Option Shares is exercised shall be governed by the terms of the Plan.
Duration and Exercise of Option. (a) The Option may be exercised, from time to time, with respect to all or any part of the total number of shares, beginning on the date reflected on and subject to the conditions listed on Schedule I hereto, and subject to earlier termination of the Option as provided in Section 5(b) below. Notwithstanding Section 6.7(b) of the Plan, in the event of Grantee’s termination of employment by reason of Retirement, any unvested portion of the Option as of the date of Retirement will not vest but will be forfeited.
Duration and Exercise of Option. This Option expires on the Option Expiration Date set forth above or prior thereto in the event of death or termination of employment of the Participant, as provided herein. The exercise of this Option is contingent upon receipt by the Company of the full purchase price of such shares, During the period between the date of the grant of this Option and the end of the tenth year after the date of the granting of this Option, this Option may be exercised with respect to not more than the percentage of the total number of Option Shares as set forth in the following schedule: Years After Grant of Option Percentage of Total Shares Subject to Option three (3) fifty percent (50%) four (4) one hundred percent (100%)
Duration and Exercise of Option. This Option shall expire on 5:00 p.m. Eastern Standard Time on December 31, 1998 (the "Expiration Date"). After the Expiration Date, any unexercised portion of this Option will be wholly void and of no value. This Option may be exercised by the Holder on any business day beginning on October 6, 1998 and on or prior to the Expiration Date. For purposes of this Option, the term "business day" means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York, New York are authorized or obligated by law or executive order to close. Subject to the provisions of this Option, the Holder shall have the right to purchase from Shaw (xxd Shaw xxxll as soon as practicable sell to such Holder) Three Million One Hundred and Fifty Thousand (3,150,000) fully paid and nonassessable Option Shares, including any shares of any class or series of stock into which such shares may hereafter be changed and subject to the adjustments contemplated by Section 3 hereof, at the Exercise Price, upon surrender to Shaw xx this Option, with the Form of Exercise attached thereto duly filled in and executed by the Holder or its duly authorized agent and upon payment of the Exercise Price in lawful money of the United States of America in cash, or by wire transfer to Shaw'x xxxount (or the account of Shaw'x xxxcessors, transferees or assigns) of immediately available funds. The number of Shares, and the amount and type of securities or other property purchasable upon exercise of this Option shall be subject to adjustment as provided in Section 3. Subject to Section 3, (i) upon such surrender of this Option and payment of the Exercise Price on or prior to the Expiration Date, Shaw xxxll deliver or cause to be delivered to the Holder certificates or other appropriate instruments for any other securities, and such other property issuable upon the exercise of this Option, in such name or names as the Holder shall designate on the Form of Exercise attached thereto; and (ii) such Option Shares, securities and other property shall be deemed to have been transferred to, and any person so designated therein shall be deemed to have become, the holder of record of such Option Shares, securities or property as of the date of the surrender of this Option and payment of the Exercise Price. This Option shall be exercisable, at the election of the Holder, in whole but not in part.
Duration and Exercise of Option
