Common use of Duration of Options and SARs Clause in Contracts

Duration of Options and SARs. Subject to Sections 6.5 and 6.6(b) hereof, each Option and SAR and all rights thereunder shall expire on such date as the Board of Directors may determine, but in no event later than ten years from the day on which the Option or SAR is granted.

Appears in 6 contracts

Samples: Total Shareholder Return Performance Restricted Stock Unit Agreement (Atmi Inc), Total Shareholder Return Performance Restricted Stock Unit Agreement (Atmi Inc), Non Employee Director Restricted Stock Grant Agreement (Atmi Inc)

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Duration of Options and SARs. Subject to Sections 6.5 and Section 6.6(b) hereof, each Option and SAR and all rights thereunder shall be expressed to expire on such date as the Board of Directors may determine, but in no event later than ten years from the day on which the Option or SAR is grantedgranted and shall be subject to earlier termination as provided herein.

Appears in 1 contract

Samples: 1997 Stock Plan (Atmi Inc)

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