Common use of Exercise of this Option Clause in Contracts

Exercise of this Option. 3.1 This Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Paragraph s 6 and 7 of the Plan. 3.2 Unless earlier terminated in accordance with the terms and provisions of the Plan, this Option shall expire and shall no longer be exercisable after the expiration of ten years from the Grant Date (the "Option Period"). 3.3 In no event shall this Option be exercisable for a fractional share of Common Stock.

Appears in 8 contracts

Samples: Stock Option Agreement (Reading & Bates Corp), Stock Option Agreement (Reading & Bates Corp), Stock Option Agreement (Reading & Bates Corp)

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Exercise of this Option. 3.1 4.1 This Option shall become exercisable in accordance with and to the extent provided by the terms and provisions of Paragraph s 6 and 7 Section 6.6 of the Plan. 3.2 4.2 Unless earlier terminated in accordance with the terms and provisions of the PlanPlan and/or this Agreement, this Option shall expire and shall no longer be exercisable after the expiration of ten years from the Date of Grant Date (the "β€œOption Period"”). 3.3 4.3 In no event shall this Option be exercisable for a fractional share of Common Stock.

Appears in 1 contract

Samples: Stock Option Award Agreement (First Albany Companies Inc)

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