Common use of Option Term Clause in Contracts

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 7 contracts

Sources: Option Agreement (Cherokee International Corp), Stock Option Agreement (Cherokee International Corp), Non Qualified Stock Option Agreement (Classic Communications Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Grant Date of Grant and, unless the Option is previously terminated pursuant to the Plan or this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of GrantGrant Date. Upon Unless earlier terminated or forfeited, upon expiration of the Option Term, all of your rights of under the Optionee hereunder Plan and this Agreement with respect to the Option shall terminate.

Appears in 5 contracts

Sources: Stock Option Agreement (Entergy New Orleans, LLC), Stock Option Agreement (Entergy Mississippi Inc), Stock Option Agreement (Entergy New Orleans, LLC)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Grant Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of GrantGrant Date. Upon expiration of the Option Term, all of your rights of under this Agreement with respect to the Optionee hereunder Option shall terminate.

Appears in 3 contracts

Sources: Stock Option Agreement (Entergy Texas, Inc.), Stock Option Agreement (Entergy Texas, Inc.), Stock Option Agreement (Entergy Texas, Inc.)

Option Term. The term of the Option and of this the Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option AgreementParagraph 5 below, shall terminate upon the expiration of ten (10) years from the Date of GrantGrant (the “Expiration Date”). Upon expiration As of the Option TermExpiration Date, all rights of the Optionee hereunder shall terminate. 3.

Appears in 3 contracts

Sources: International Stock Option Agreement (Kinetic Concepts Inc /Tx/), Nonqualified Stock Option Agreement (Kinetic Concepts Inc /Tx/), Nonqualified 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 and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Petsmart Com Inc), Nonqualified Stock Option Agreement (Petsmart Com Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon expiration of the Option Term, all of your rights of under this Agreement with respect to the Optionee hereunder Option shall terminate.

Appears in 2 contracts

Sources: 2008 Stock Option Agreement (Entergy Mississippi Inc), Stock Option Agreement (Entergy Corp /De/)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Educate Inc), Non Qualified Stock Option Agreement (Educate Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously otherwise terminated pursuant to this Option Agreement, shall terminate upon the expiration tenth anniversary of ten (10) years from the Date of Grant. Upon In no event may the Option be exercised after expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Infrasource Services Inc), Non Qualified Stock Option Agreement (Infrasource Services Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon Notwithstanding any other provision of this Option Agreement, upon expiration of the Option Term, the Option shall expire and all rights of the Optionee hereunder shall terminate.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Petco Holdings Inc), Non Qualified Stock Option Agreement (Petco Holdings Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten seven (107) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 2 contracts

Sources: Stock Option Agreement (General Nutrition Centers Inc), Non Qualified Stock Option Agreement (General Nutrition Centers Inc)

Option Term. The term of the Option and of this the Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option AgreementSection 6 hereof, shall terminate upon the expiration of ten (10) years from the Date of GrantGrant (the “Expiration Date”). Upon expiration As of the Option TermExpiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Alamo Group Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant Grant, as set forth above and, unless the Option is previously terminated pursuant to the Plan or this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Stock Option Agreement (JER Investors Trust Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten seven (107) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Stock Option Agreement (GNC Corp)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously otherwise terminated pursuant to this Option Agreement, shall terminate upon the expiration tenth anniversary of ten (10) years from the Date of GrantGrant (the “Expiration Date”). Upon In no event may the Option be exercised after expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Infrasource Services Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Effective Date of Grant and, unless the Option is previously terminated pursuant to the Plan or this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of GrantEffective Date. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Stock Option Agreement (Regal Entertainment Group)

Option Term. The term of the Option and of this Option Agreement (the ----------- "Option Term") shall commence on the Effective Date (the "Date of Grant Grant") (the and, unless the Option is previously terminated pursuant to this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Altavista Co)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated earlier pursuant to the Plan or this Option Agreement, the Option shall terminate upon expire on the expiration [seventh/tenth] anniversary of ten (10) years from the Date of Grant. Upon expiration of Grant (the Option Term, all rights of the Optionee hereunder shall terminate“Expiration Date”).

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (US BioEnergy CORP)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously otherwise terminated pursuant to this Option Agreement, shall terminate upon the expiration tenth anniversary of ten (10) years from the Date of GrantGrant (the "Expiration Date"). Upon In no event may the Option be exercised after expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Infrasource Services Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously otherwise terminated pursuant to this Option Agreement, shall terminate upon the expiration tenth anniversary of ten (10) years from the Date of Grant. Upon In no event may the Option be exercised after expiration of the Option Term, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Infrasource Services Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated earlier pursuant to the Plan or this Option Agreement, the Option shall terminate upon expire on the expiration tenth anniversary of ten (10) years from the Date of Grant. Upon expiration of Grant (the Option Term, all rights of the Optionee hereunder shall terminate“Expiration Date”).

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (US BioEnergy CORP)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option AgreementSections 5, 7 or 9 below, shall terminate upon the expiration tenth (10th) anniversary of ten (10) years from the Date of Grant. Upon expiration of Grant (the Option Term, all rights of the Optionee hereunder shall terminate"Expiration Date").

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Juno Lighting Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated earlier pursuant to the Plan or this Option Agreement, the Option shall terminate upon expire on the expiration [seventh/tenth]2 anniversary of ten (10) years from the Date of Grant. Upon expiration of Grant (the Option Term, all rights of the Optionee hereunder shall terminate“Expiration Date”).

Appears in 1 contract

Sources: Incentive Stock Option Agreement (US BioEnergy 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 in the Notice of Grant (the "Date of Grant") and, unless the Option is previously terminated pursuant to the terms of this Option AgreementAgreement or the Notice of Grant, shall terminate upon the expiration of ten five (105) years from the Date of GrantGrant or such different period as set forth in the Notice of Grant (the “Expiration Date”). Upon expiration As of the Option TermExpiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

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

Option Term. The term of the Option and of this the Option Agreement (the "Option Term") shall commence on the Date of Grant and, unless the Option is previously terminated pursuant to this Option AgreementParagraph 5 below, shall terminate upon the expiration of ten (10) years from the Date of GrantGrant (the "Expiration Date"). Upon expiration As of the Option TermExpiration Date, all rights of the Optionee hereunder shall terminate.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Kinetic Concepts Inc)

Option Term. The term of the Option and of this Option Agreement (the "Option Term") shall commence on the Grant Date of Grant and, unless the Option is previously terminated pursuant to the Plan or this Option Agreement, shall terminate upon the expiration of ten (10) years from the Date of GrantGrant Date. Upon expiration of the Option Term, all of your rights of under the Optionee hereunder Plan and this Agreement with respect to the Option shall terminate.

Appears in 1 contract

Sources: Stock Option Agreement (Entergy Arkansas Inc)