Option Extension. The Corporation shall use its best efforts to obtain stockholder approvals, to the extent required, of amendments to any stock option plan it may have which would provide that the termination date for all options held under such plans by the Employee and exercisable as of the date of the termination of Employee (as a result of Employee's disability) shall remain exercisable until (i) the termination date as set forth in the respective option certificates or (ii) 18 months after the date of termination (as a result of Employee's disability), whichever is later.
Option Extension. In addition to the compensation set forth above in Section 1(b), in recognition of Executive’s agreement to continue in the employ of the Company and not seek employment elsewhere during the Retention Period, as of the Effective Date, all of the options to acquire common stock of the Company which have expiration dates during calendar 2009 that are currently held by the Executive are hereby extended such that the expiration date of each such option is extended for an additional twelve months from such respective expiration date. Following the execution hereof, the Company shall cause such extensions to be documented accordingly in its stock option records.
Option Extension. The Buyer shall have the right to extend the Option Exercise Deadline to June 30, 2022 provided that the Buyer purchases at least 4 Credits by the Option Exercise Deadline and deposits the Purchase Price, defined below, for such Credits into escrow at least seven (7) Business Days prior to the date of the Closing of such purchase (the date of such Closing is referred to below as the “Initial Closing Date”). The Buyer’s rights and Seller’s obligations to the remaining Credits are set forth in Section 5.
Option Extension. The Company will amend the post-termination exercise periods set forth in the agreements reflecting the Outstanding Options such that Executive shall have until the earlier of (i) January 15, 2022 and (ii) the last day of the applicable ten-year term of the applicable Outstanding Option to exercise the Outstanding Options.
Option Extension. For the consideration contemplated herein, the portion of each Option that is vested as of Employee’s cessation as a Service Provider (expected to occur upon the expiration of the Consulting Term), may be exercised through the twenty-four (24) month anniversary of the Effective Date. Notwithstanding the foregoing, in no event will any Option be exercisable or outstanding beyond the term or expiration date applicable to the Option and, further, the vested portion of the Options shall be subject to earlier termination in accordance with the change in control, merger, Company liquidation and similar provisions of the applicable Plan. The exercise of the vested portion of Employee’s Options and the shares purchased thereunder shall otherwise continue to be governed by the terms and conditions of the applicable Stock Agreements. Employee acknowledges that the extension of the Options may be deemed a modification resulting in the loss of incentive stock option status for those Options.
Option Extension. The Option Period may be extended for up to three successive 30-day periods upon Optionee’s delivery of a written notice of extension to Optionor in the form attached hereto as Exhibit B (the “Option Extension Notice”) and the payment by Optionee to Optionor of one hundred thousand U.S. dollars (US$100,000) for each 30-day extension (each, an “Option Extension Payment,” and collectively with the Initial Option Payment, the “Total Option Payment”) not less than 10 days prior to the expiration of the then-current Option Period.
Option Extension. To the maximum extent permitted under the applicable option plans and agreements, Executive shall continue to be able to exercise certain of his vested stock options during the Consulting Period as described on Exhibit A (the “Option Extension”), but shall not continue to vest in any stock options after the Termination Date. The Company represents that Exhibit A accurately sets forth the grant dates, the number of shares subject to options that are vested and unvested as of the Termination Date, and identifies the period in which such options may be exercised.
Option Extension. The Company shall use its best efforts to ---------------- obtain stockholder approvals, to the extent required, of amendments to its 1985 Non-Qualified Stock Option Plan and its 1996 Employee Stock Option Plan which would provide that the termination date for all options held under such plans by the Executive and exercisable as of the date of his death or the termination of this Agreement by reason of the disability of the Executive pursuant to Section 6 hereof shall remain exercisable until the later of (i) the termination date as set forth in the respective option certificates or (ii) twenty-four (24) months after the Section 5 Termination or the Section 6 Termination, whichever is applicable.
Option Extension. The Parent shall be permitted to extend the Option Expiration Date (as may have been extended pursuant to this Section 2.1.3 or Section 2.1.2.4) by up to three consecutive months in the aggregate, in one or more whole month increments, by delivering one or more written notices to the Company (each an “Extension Notice”) prior to the then Option Expiration Date (as may be extended pursuant to this Section 2.1.3 or Section 2.1.2.4). Within five Business Days following the delivery by Parent to the Company of any Extension Notice, the Parent shall pay to the Company, by wire transfer of immediately available funds, an amount equal to $[***] (an “Extension Payment”) for each month that the Option Expiration Date is to be extended as set forth in the applicable Extension Notice.
Option Extension. In consideration of the opportunity to further develop the Project and participate in Phase 2 of the Lab, the Option Period shall be extended for a further twenty-four (24) months (the “Extended Option Period”). If development funding is sought from the Canada Media Fund (the “CMF”) the Extended Option Period shall be automatically extended for such time as necessary to comply with the minimum requirements of the CMF. Notwithstanding the foregoing, if eOne is in active negotiations for the development, production, and/or financing of the Project with a broadcaster at the time the Extended Option Period, is due to expire, then the Extended Option Period, shall be automatically extended further until such negotiations are completed or terminated, but in any event no more than ninety (90) days.
