Common use of Option Period Clause in Contracts

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025. The remaining Shares shall become exercisable on and after February __, 2026. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights or

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 20252026. The remaining Shares shall become exercisable on and after February __, 20262027. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, "Option Period" shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __________, 2025_______. The remaining Shares shall become exercisable on and after February __________, 2026_______. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights or

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025________________. The remaining Shares shall become exercisable on and after February __, 2026_____________. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, "Option Period" shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025__________. The remaining Shares shall become exercisable on and after February __, 2026__________. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, "Option Period" shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025[Date]. The remaining Shares shall become exercisable on and after February __, 2026[Date]. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option it shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement “Option Period” shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025____________. The remaining Shares shall become exercisable on and after February __, 2026___________. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, "Option Period" shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025[Insert Date]. The remaining Shares shall become exercisable on and after February __, 2026[Insert Date]. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option it shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, “Option Period” shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025. The remaining Shares shall become exercisable on and after February __, 2026. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option it shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, “Option Period” shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025. The remaining Shares shall become exercisable on and after February __, 2026. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For the purposes of this agreement, “Option Period” shall mean the seven (7) year period commencing on the Grant Date.

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February ____________, 2025_______. The remaining Shares shall become exercisable on and after February ____________, 2026_______. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights or

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025. The 2019.The remaining Shares shall become exercisable on and after February ___, 20262020. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights oror obligations hereunder. For

Option Period. The Option shall be and become first exercisable to the extent of 50% of the Shares on and after February __, 2025. The 2019.The remaining Shares shall become exercisable on and after February __, 20262020. Notwithstanding any other provision of this Agreement, if the Option is not exercised with respect to all Shares prior to seven (7) years from the Grant Date, the Option shall terminate and the parties hereto shall have no further rights orOption