Term and Exercise Period. Subject to the satisfaction or waiver of the Put Option Conditions and Section 3.2 hereof, the Company may exercise the Put Option at any time prior to the Put Option Expiration Date (the “Exercise Period”). If the Company shall not have exercised the Put Option during the Exercise Period, the Put Option shall automatically terminate without any further action by either the Company or the Investor, and, subject to Section 3.2(c) hereof, neither the Company nor the Investor shall have any further rights, duties or obligations hereunder relating to the Put Option.
Term and Exercise Period. The Company may only exercise the Put Option during the time between the expiration of the Call Option if it has not been exercised and one business day prior to the earlier of the Effective Date (as defined in the Investment Term Sheet) and February 28, 2007 (the "Exercise Period"). If the Company shall not have exercised the Put Option during the Exercise Period, the Put Option shall automatically terminate without any further action by either the Company or the Significant Equityholders, and, subject to Section 3.2(c) hereof, neither the Company nor any of the Significant Equityholders shall have any further rights, duties or obligations hereunder.
Term and Exercise Period. Subject to paragraphs 5 and 6 hereof and to this paragraph 1, the Option shall vest according to the vesting schedule detailed in your Certificate of Stock Option Grant on this website. In no event, however, shall the exercise of the Option or any installment thereof be made later than ten (10) years from the original grant date. You may not exercise the Option with respect to less than fifty (50) shares at any one time except when the number of remaining shares of the Option is less than fifty (50); and except as is otherwise provided herein you may not exercise the Option or any installment thereof unless you are then an employee of the Company or one of its subsidiaries.
Term and Exercise Period. Subject to paragraphs 5 and 6 hereof and to this paragraph 1, the Award shall vest according to the vesting schedule detailed in your Statement. In no event, however, may you exercise any SAR later than ten (10) years from the original grant date of the Award (the “Final Exercise Date”). You may not exercise fewer than fifty (50) SARs at any one time except when the number of remaining SARs is less than fifty (50); and, except as is otherwise provided herein, you may not exercise any SAR unless you are then an employee of the Company or one of its subsidiaries or affiliates (as determined under the Plan).
Term and Exercise Period. The Stock Option becomes exercisable as set forth in your online grant. Any portion of the Stock Option which becomes exercisable continues to be exercisable, until exercised, during the Option Term, except as stated below. No delays in the exercise of an Option are permissible. The Option Term means the period which begins on the date the Exercise Rights Begin and ends on the date the Option Term Expires, except as may otherwise be set forth in this Agreement and your online grant.
Term and Exercise Period. The SAR becomes exercisable as set forth in your online grant. Any portion of the SAR which becomes exercisable continues to be exercisable, until exercised, during the SAR Term, except as stated below. No delays in the exercise of an SAR are permissible. The SAR Term means the period which begins on the date the Exercise Rights Begin and ends on the date the SAR Term Expires, except as may otherwise be set forth in this Agreement and your online grant.
Term and Exercise Period. Subject to paragraphs 5 and 6 hereof and to this paragraph 1, the Award shall vest according to the vesting schedule detailed in your Statement. The term “vest” as used herein means the lapsing of the restrictions described herein and in the Plan with respect to the exercise of the Award or portion thereof. To vest in all or any portion of this Award as of any date, you must have been continuously employed with the Company or any of its Subsidiaries from and after the date hereof and until (and including) the applicable vesting date, except as otherwise provided herein. In no event, however, may you (or your beneficiary in the case of your death) exercise any SAR later than 10 years from the original grant date of the Award (the “Final Exercise Date”). You may not exercise fewer than 50 SARs at any one time except when the number of remaining SARs is less than 50; and, except as is otherwise provided herein, you may not exercise any SAR unless you are then an employee of the Company or one of its Subsidiaries.
Term and Exercise Period. Subject to Section 2.4 below, the Option shall be exercisable, in whole or in part, on or after June 30, 2006 (the "Exercise Date") at an exercise price of $30 per Share (the "Exercise Price"), subject to adjustment as provided in Section 2.3. The Option shall expire on July 31, 2006.
