Common use of Option Term Clause in Contracts

Option Term. The term of the Option (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below, shall terminate on the [ ] anniversary thereof (the “Expiration Date”). As of the Expiration Date, all rights of Optionee hereunder shall terminate.

Appears in 9 contracts

Samples: Nonqualified Stock Option Agreement (Amerigroup Corp), Incentive Stock Option Agreement (Amerigroup Corp), Incentive Stock Option Agreement (Amerigroup Corp)

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Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below7 of the Plan or Paragraph 4 of this Option Agreement, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 8 contracts

Samples: Executive Employment Agreement (Endo Health Solutions Inc.), Stock Option Agreement (Endo Health Solutions Inc.), Executive Employment Agreement (Endo Pharmaceuticals Holdings Inc)

Option Term. The term of the Option and of the Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section Paragraph 5 below, shall terminate on upon the [ ] anniversary thereof expiration of ten (10) years from the Date of Grant (the “Expiration Date”). As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 8 contracts

Samples: Cashless International Stock Option Agreement (Kinetic Concepts Inc), International Stock Option Agreement (Kinetic Concepts Inc), Cashless International Stock Option Agreement (Kinetic Concepts Inc /Tx/)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 belowParagraph 4 of this Option Agreement, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of Optionee the Participant hereunder shall terminate.

Appears in 5 contracts

Samples: Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below, shall terminate on the [ ] tenth anniversary thereof (the “Expiration Date”). As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 4 contracts

Samples: Option Agreement (xG TECHNOLOGY, INC.), Nonqualified Stock Option Agreement (Amerigroup Corp), Incentive Stock Option Agreement (Amerigroup Corp)

Option Term. The term of the Option and of this Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below7 of this Agreement, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration DateDate (or such earlier date set forth in Section 7), all rights of the Optionee hereunder shall terminate.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Nuvectra Corp), Nonqualified Stock Option Agreement (Nuvectra Corp), Nonqualified Stock Option Agreement (Enovation Controls, Inc.)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below, shall terminate on upon the [ ] tenth anniversary thereof of the Date of Grant (the "Expiration Date"). As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Tokheim Corp), Incentive Stock Option Agreement (Tokheim Corp)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above in the Notice of Grant (the "Date of Grant") and, unless the Option is previously terminated pursuant to Section 5 belowthe terms of this Agreement or the Notice of Grant, shall terminate on upon the [ ] anniversary thereof expiration of five (5) years from the Date of Grant or such different period as set forth in the Notice of Grant (the “Expiration Date”). As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Us Solartech Inc)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously 1 For annual grant. 2 For one-time grant. terminated pursuant to Section 5 belowParagraph 4 of this Option Agreement, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Option Right Agreement (Dana Holding Corp)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 belowParagraph 4 hereof, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of Optionee the Participant hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Avadel Pharmaceuticals PLC)

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Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below, shall terminate on upon the [ ] tenth (10th) anniversary thereof of the Date of Grant (the "Expiration Date"). As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Solomon Technologies Inc)

Option Term. The term of the Option and of this Option Award Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section Paragraph 5 belowof this Option Award Agreement, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Award Agreement (Duff & Phelps Corp)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below, shall terminate on upon the [ ] tenth (10th) anniversary thereof of the Date of Grant (the “Expiration Date”). As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Solomon Technologies Inc)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 belowParagraph 4 of this Option Agreement, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Endo Health Solutions Inc.)

Option Term. The term of the Option and of this Option Agreement (the “Option Term”) shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 belowParagraph 4 hereof, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of Optionee the Participant hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Dole PLC)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant set forth above and, unless the Option is previously terminated pursuant to Section 5 below, shall terminate on upon the [ ] anniversary thereof (the “Expiration Date”)Date set forth above. As of the Expiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Titan Energy Worldwide, Inc.)

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