Exercise Period for Options. (a) The Exercise Period for Options will be as determined by the Board in the Invitation Letter in its discretion. (b) Unless the Board determines otherwise, any vested Options that have not been exercised by a Participant within the Exercise Period will automatically lapse and be cancelled by the Company.
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Samples: Senior Leadership Long Term Incentive Plan, 2023 Non Executive Directors Long Term Incentive Plan, Long Term Incentive Plan
Exercise Period for Options. β
(a) The Exercise Period for Options will be as determined by the Board in the Invitation Letter in its discretion.
(b) Unless the Board determines otherwise, any vested Options that have not been exercised by a Participant within the Exercise Period will automatically lapse and be cancelled by the Company.
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