Maximum Option Period. No Option shall be exercisable after the expiration of ten years from the date the Option was granted. For Ten Percent Shareholders no Option shall be exercisable after five (5) years from the date it is granted. The terms of any Option may provide that it is exercisable for a period less than such maximum period.
Appears in 7 contracts
Samples: Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp)
