Common use of Limitations on Exercise of Option Clause in Contracts

Limitations on Exercise of Option. Notwithstanding the foregoing Subsections, in no event may the Option be exercised, in whole or in part, after ten years following the Original Date of Grant, or after the occurrence of an event which results in termination of the Option under the Plan.

Appears in 6 contracts

Samples: Employment Agreement (Transaction Systems Architects Inc), Employment Agreement (Transaction Systems Architects Inc), Employment Agreement (Transaction Systems Architects Inc)

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Limitations on Exercise of Option. Notwithstanding the foregoing SubsectionsSubsections of this Section, in no event may the Option be exercised, in whole or in part, after ten years following the Original Date of Grantdate upon which the Option is granted, as set forth in Section 1 above, or after the occurrence of an event referred to in Section 7 below which results in termination of the Option. In no event may the Option under the Planbe exercised for a fractional share.

Appears in 4 contracts

Samples: Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing SubsectionsSubsections of this Section, in no event may the Option be exercised, in whole or in part, after ten 10 years following the Original Date of GrantGrant Date, or after the occurrence of an event which referred to in Section 7 below that results in termination of the Option. In no event may the Option under the Planbe exercised for a fractional share.

Appears in 3 contracts

Samples: Non Qualified Option Agreement (S1 Corp /De/), Non Qualified Stock Option Agreement (S1 Corp /De/), Non Qualified Option Agreement (S1 Corp /De/)

Limitations on Exercise of Option. Notwithstanding the foregoing Subsectionsprovisions of this Section 3, in no event may the Option be exercised, in whole or in part, after more than ten years following the Original Date of GrantGrant Date, or after the occurrence of an event which referred to in Section 7 below that results in termination of the Option under the PlanOption.

Appears in 3 contracts

Samples: Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Subsections, in In no event may the Option be exercised, in whole or in part, after ten years following the Original Date of GrantGrant Date, or after the occurrence of an event referred to in Section 8 below which results in termination of the Option. In no event may the Option under the Planbe exercised for a fractional share.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Ps Business Parks Inc/Ca), Non Qualified Stock Option Agreement (Ps Business Parks Inc/Ca)

Limitations on Exercise of Option. Notwithstanding the foregoing SubsectionsSubsections of this Section, in no event may the Option be exercised, in whole or in part, after ten years following the Original Date of GrantGrant Date, or after the occurrence of an event which referred to in Section 7 below that results in termination of the Option. In no event may the Option under the Planbe exercised for a fractional share.

Appears in 2 contracts

Samples: Stock Option Agreement (S1 Corp /De/), Non Qualified Option Agreement (S1 Corp /De/)

Limitations on Exercise of Option. Notwithstanding the foregoing SubsectionsSubsections of this Section, in no event may the Option may not be exercised, in whole or in part, after ten years following the Original Date of GrantGrant of the Option, as set forth in Section 1 above, or after the occurrence of an event referred to in Section 8 below which results in termination of the Option. In no event may the Option under the Planbe exercised for a fractional Share.

Appears in 1 contract

Samples: Share Option Agreement (Guilford Pharmaceuticals Inc)

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Limitations on Exercise of Option. Notwithstanding the foregoing Subsections, in no event may the Option be exercised, in whole or in part, after ten years following the Original Date of Grant, or after the occurrence of an event which that results in termination of the Option under the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Transaction Systems Architects Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Subsectionssubsections, in no event may the Option be exercised, in whole or in part, after ten years following the Original Date of Grant, or after the occurrence of an event which that results in termination of the Option under the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Transaction Systems Architects Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Subsections, in no event may the Option be exercised, in whole or in part, after ten years following the Original Date of Grant, or after the occurrence of an event which results in termination of the Option under the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Transaction Systems Architects Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Subsections, in In no event may the Option be exercised, in whole or in part, after ten years following the Original Date of GrantGrant Date, or after the occurrence of an event referred to in Section 7 below which results in termination of the Option. In no event may the Option under the Planbe exercised for a fractional Share.

Appears in 1 contract

Samples: Stock Option Agreement (Ps Business Parks Inc/Ca)

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