Common use of Maximum Option Period Clause in Contracts

Maximum Option Period. The maximum period in which an Option may be exercised shall be determined by the Administrator on the date of grant, except that no Option that is an incentive stock option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding the foregoing, any Option granted to any person then owning more than ten percent (10%) of the total combined voting power of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereof. The terms of any Option that is an incentive stock option may provide that it is exercisable for a period less than such maximum period.

Maximum Option Period. The maximum period in which an Option may be exercised shall be determined by the Administrator on the date of grant, except that no Option that is an incentive stock option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding the foregoing, any Option granted to any person then owning more than ten percent (10%) of the total combined voting power of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereof. The terms of any Option that is an incentive stock option may provide that it is exercisable for a period less than such maximum period.

Maximum Option Period. The maximum period in which an Option may be exercised shall be determined by the Administrator on the date of grant, except that no Option that is an incentive stock option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding the foregoing, any Option that is an incentive stock option granted to any person then owning more than ten percent (10%) of the total combined voting power of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereof. The terms of any Option that is an incentive stock option may provide that it is exercisable for a period less than such maximum period.

Maximum Option Period. The maximum period in which an Option may be exercised shall be determined by the Administrator on the date of grant, except that no Option that is an incentive stock option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding In the foregoing, any Option case of an incentive stock option that is granted to any person then owning more than ten percent (10%) a Participant who is a Ten Percent Shareholder on the date of grant, such Option shall not be exercisable after the total combined voting power expiration of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereofgrant. The terms of any Option that is an incentive stock option may provide that it is exercisable for a period less than such maximum period.

Maximum Option Period. The maximum period in which an Option may be exercised shall be determined by the Administrator Committee on the date of grant; provided, except however, that no Option that is an incentive stock option Incentive Stock Option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding ; and provided, further, however, that in the foregoing, any case of an Incentive Stock Option granted to any person then owning more than ten percent (10%) a Participant who is a Ten Percent Shareholder, such Option shall not be exercisable after the expiration of the total combined voting power of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereofgrant. The terms of any Option that is an incentive stock option Incentive Stock Option may provide that it is exercisable for a period less than such maximum periodperiods.

Maximum Option Period. The maximum period in which an Option may be exercised shall be determined by the Administrator Board on the date of grant, except that no Option that is an incentive stock option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding In the foregoing, any Option case of an incentive stock option that is granted to any person then owning more than ten percent (10%) a Participant who is a Ten Percent Shareholder on the date of grant, such Option shall not be exercisable after the total combined voting power expiration of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereofgrant. The terms of any Option that is an incentive stock option may provide that it is exercisable for a period less than such maximum period.

Maximum Option Period. The maximum period in which an Option may --------------------- be exercised shall be determined by the Administrator Board on the date of grant, except that no Option that is an incentive stock option shall be exercisable after the expiration of ten years from the date such Option was granted. Notwithstanding In the foregoing, any Option case of an incentive stock option that is granted to any person then owning more than ten percent (10%) a Participant who is a Ten Percent Shareholder on the date of grant, such Option shall not be exercisable after the total combined voting power expiration of all classes of shares of the Company, or of its parent or subsidiary corporation, must be exercised within five years from the date of the grant thereofgrant. The terms of any Option that is an incentive stock option may provide that it is exercisable for a period less than such maximum period.