Duration of the Option. The Option shall terminate and may no longer be exercised on the Option Term Date as defined above.
Duration of the Option. This Option shall automatically and without notice terminate and become null and void on the earliest to occur of the following:
Duration of the Option. Subject to reductions in the Option period as hereinafter provided in the event of termination of employment or death of the Optionee, the Option shall continue in effect for a period of ten (10) years from the date hereof.
Duration of the Option. The Option shall expire ten (10) years from the date of this Agreement.
Duration of the Option. Unless it expires earlier pursuant to Section 3, above, the Option shall expire as follows:
Duration of the Option. The Option shall be exercisable to the extent and in the manner provided herein to and including November 17, 2013 (the “Exercise Term”); provided, however, that the Option may be terminated earlier as provided in Section 5(b), 7(a), 7(b), 11(a) or 11(b). Any unexercised portion of the Option that is not exercised during the Exercise Term shall be deemed terminated at the end of the Exercise Term (or at such earlier time as provided in Section 5(b), 7(a), 7(b), 11(a) or 11(b)).
Duration of the Option. Upon the cessation of the Grantee's membership on the Board of Directors for any reason except retirement as described in Section 5(a), the Option, to the extent not then exercisable, shall expire, and to the extent then exercisable, shall remain exercisable until the Expiration Date. Upon the cessation of the Grantee's membership on the Board of Directors by reason of retirement as described in Section 5(a), the Option shall become fully exercisable and remain exercisable until the Expiration Date.
Duration of the Option. Upon the cessation of the Grantee's membership on the Board of Directors for any reason except death, disability or retirement as described above, this Option, to the extent not then exercisable, shall expire, and to the extent then exercisable, shall remain exercisable until the Expiration Date. Upon the Grantee's cessation of service by reason of death, disability, retirement (i.e., the cessation of membership on the Board of Directors either (1) after ten (10) years of service on the Board of Directors or (2) as of the date of the first annual Shareholders’ meeting of the Company on or after the date the Grantee attains age 75 and is no longer eligible to stand for reelection as per the By-laws of the Company) this Option to the extent not then exercisable (unvested), shall become immediately exercisable (vested), and shall remain exercisable until the Expiration Date.
Duration of the Option. 3.1. Subject to the terms of the Plan and notwithstanding the durations set forth in subsection 10.4, 10.5(1) and 10.5(2) of the Option Plan, the Options may be exercised into shares subject to the purchase dates listed in Appendix B of this Agreement, as of the grant date of the Options and until the expiration date of the Options, as set forth in Appendix B, unless the Options or part thereof have expired before the end of the aforesaid duration under the terms of the Option Plan (other than as stated above) and this Agreement.
Duration of the Option. Except as set forth below, the Option will expire on the Option Expiration Date set forth in Annex A. If a Recipient dies, an Option granted to the Recipient will expire on the one-year anniversary of the Recipient’s death, or if earlier, the original expiration date of the Option. If the Recipient terminates Employment or services with the Company because of their Disability, an Option granted to the Recipient will expire on the one year anniversary of the Recipient’s last day of Employment or services, or, if earlier, the original expiration date of the Option. If the Recipient terminates Employment or services with the Company as a result of their retirement in accordance with the Company’s normal retirement policies, an Option granted to the Recipient will expire 180 days following the Recipient’s last day of Employment or services, or, if earlier, the original expiration date of the Option. If the Company terminates the Recipient’s Employment or services other than for cause an Option granted to the Recipient will expire 180 days following the last day of the Recipient’s Employment or services, or, if earlier, the original expiration date of the Option, unless the Committee sets an earlier or later expiration date on the Date of Grant or a later expiration date subsequent to the Date of Grant but prior to 180 days following the Recipient’s last day of Employment or services. If the Recipient’s Employment or service relationship with the Company terminates for any reason other than the foregoing reasons, an Option granted to the Recipient will expire 30 days following the last day of the Recipient’s Employment or services with the Company, or, if earlier, the original expiration date of the Option.
