Common use of Option Period Clause in Contracts

Option Period. No Incentive Option may be exercised on or after the tenth anniversary of the Grant Date, or on or after the fifth anniversary of the Grant Date if the Optionee is a Ten Percent Owner. The Option period under each Nonstatutory Option shall not be so limited solely by reason of this Section.

Appears in 12 contracts

Samples: Restricted Stock Unit Award Agreement (Protara Therapeutics, Inc.), Stock Option Agreement (Netlist Inc), Stock Option Agreement (Radius Health, Inc.)

AutoNDA by SimpleDocs

Option Period. No Incentive Option may be exercised on or after the tenth anniversary of the Grant Date, or on or after the fifth anniversary of the Grant Date of an Incentive Option if the Optionee is a Ten Percent Owner. The Option period under each Nonstatutory Option shall not be so limited solely by reason of this Section.

Appears in 2 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!