Exercise Term. The Option shall be exercisable to the extent and in the manner provided in Section 4 for a period of seven years from the Grant Date (the “Exercise Term”); provided that the Option may expire earlier as provided in Section 6.
Exercise Term. The Holders may not exercise their registration rights under Article II after the seven-year anniversary of the closing of the Business Combination.
Exercise Term. Subject to Section 1.4 hereof, UARS’ may not be exercised more than five (5) years after the Date of Grant contained in Section 1.1.
Exercise Term. This Option may not be exercised until six (6) months after the Date of Grant, and will expire and may not be exercised after the earliest of the following:
(i) the expiration date set out in Section 2 above; or
(ii) three (3) months after the date Optionee ceased to be an employee or director of the Company and its Subsidiaries, unless Optionee’s status ended due to death, in which case this Option will expire and may not be exercised more than one (1) year following the date of death.
Exercise Term. Subject to the terms and conditions hereinafter set forth, the Holder shall be entitled to purchase and acquire up to 110 Non-Voting Units (in minimum increments of 5 Non-Voting Units at a time) at any time and from time to time from the date of this Warrant until 5:00 p.m. E.
Exercise Term. This Warrant may be exercised at any time during the Term of this Warrant.
Exercise Term. The Holder may exercise this Warrant, in whole or ------------- in part (but not as to fractional shares), at any time or from time to time during that period (the "Exercise Period") commencing as of the Warrant Effective Date designated on the first page of this Warrant and ending at 5:00 p.m., Pacific Standard Time, on the Warrant Expiration Date designated on the first page of this Warrant. This Warrant shall, to the extent this Warrant is not fully and timely exercised during the Exercise Period, expire and be null and void and of no further force or effect.
Exercise Term. The Holder, or its permitted successors and assigns, is entitled to purchase from the Company, subject to the terms and conditions hereinafter set forth, fully paid and non-assessable shares of Common Stock (“Stock”) which represents that number of shares determined by dividing (X) the sum of (a) $1,379,376.00 (being the principal amount of a promissory note issued by the Company to the initial Holder in the form attached as Exhibit C hereto), and (b) any interest accrued on such sum, to the extent any such obligations remain unpaid, prior to the Expiration Date (the sum of (a) and (b) being herein sometimes referred to as the “Aggregate Indebtedness”) by (Y) the Warrant Price.
Exercise Term. This Warrant may be exercised at the principal executive offices of the Company during the period commencing on August 4, 2003 and ending at 5:00 p.m. local time on August 4, 2009 (the "Warrant Exercise Term").
Exercise Term. This Option may not be exercised before the date of grant (six (6) months after the date of grant if Optionee is an Insider), and will expire and may not be exercised after the earliest of the following: The expiration date set out in Section 2 above; Three (3) months after the date Optionee ceased to be an Employee, Director or Director Emeritus, unless Optionee’s status ended due to Disability, in which case this Option will expire and may not be exercised more than one (1) year following the date Optionee ceased to be an Employee, Director or Director Emeritus, or death, in which case this Option will expire and may not be exercised more than two (2) years following the date of death; or the tenth (10th) anniversary of the date of grant. To be treated as an "incentive stock option," Optionee must be an Employee continuously from the date of grant through the date three (3) months before the date the Option is exercised, except in the event of death or Disability. This could occur if Optionee continued to provide services to the Corporation as a Director or Director Emeritus after Optionee’s termination of employment, in which case the Option could be treated as a Non-Incentive Stock Option. Non-transferability of Option. This Option may not be transferred in any manner otherwise than by will or the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
