Common use of Term and Exercisability of Option Clause in Contracts

Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the Option Term shall commence on the date hereof (the "Date of Grant") and terminate on the tenth anniversary of the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.

Appears in 2 contracts

Samples: Stock Option Agreement (Refac), Stock Option Agreement (Refac)

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Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the Option Term shall commence on the date hereof (the "Date of Grant") and terminate on the tenth anniversary of the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.. (b)

Appears in 1 contract

Samples: Option and Incentive Plan Nonqualified Stock Option Agreement (Refac Technology Development Corp)

Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the Option Term shall commence on the date hereof (the "Date of Grant") and terminate on the tenth fifth anniversary of the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.

Appears in 1 contract

Samples: Stock Option Agreement (Refac)

Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the term of the Option Term and of this Agreement shall commence on the date hereof (the "Date of Grant") and shall terminate on the tenth anniversary of the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Buslease Inc /New/)

Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the Option Term shall commence on the date hereof (the "Date of Grant") and terminate on the tenth anniversary of the Date of Grant. Grant.(2) Upon the termination of the Option, all rights of the Optionee hereunder shall cease.. ---------------------------

Appears in 1 contract

Samples: 1998 Stock Option and Incentive Plan Incentive Stock Option Agreement Incentive Stock Option Agreement (Refac Technology Development Corp)

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Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the term of the Option Term and of this Agreement shall commence on the date hereof (the "Date of Grant"') and terminate on the tenth anniversary of the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.

Appears in 1 contract

Samples: Employment Agreement (Iasis Healthcare Corp)

Term and Exercisability of Option. (a) Unless the Option is previously cancelled pursuant to this Agreement, the Option Term shall commence on the date hereof (the "Date of Grant") Grant and terminate on the tenth anniversary of the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.

Appears in 1 contract

Samples: Stock Option Agreement (Neurologix Inc/De)

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