Common use of Term and Termination of Option Clause in Contracts

Term and Termination of Option. The maximum term of the Option shall be the date which is 10 years after the Option Date (the “Expiration Date”). The Option shall terminate, to the extent not exercised or earlier terminated pursuant to the terms of this Agreement, on its Expiration Date. In no event may the Option be exercised, in whole or in part, after it terminates.

Appears in 5 contracts

Samples: Inducement Stock Option Agreement (Technology Solutions Company), Employment Agreement (Technology Solutions Company), Inducement Stock Option Agreement (Technology Solutions Company)

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Term and Termination of Option. The maximum term of the Option shall be the date which is 10 years after the Option Date (the "Expiration Date"). The Option shall terminate, to the extent not exercised or earlier terminated pursuant to the terms of this Agreement, on its Expiration Date. In no event may the Option be exercised, in whole or in part, after it terminates.

Appears in 2 contracts

Samples: Option Agreement (Technology Solutions Company), Stock Option Agreement (Technology Solutions Company)

Term and Termination of Option. The maximum term of the Option shall will be the date which is 10 years after the Option Date (the “Expiration Date”). The Option shall will terminate, to the extent not exercised or earlier terminated pursuant to the terms of this Agreement, on its Expiration Date. In Notwithstanding any other term of this Agreement, in no event may the Option be exercised, in whole or in part, after it terminatesthe Expiration Date or its earlier termination.

Appears in 2 contracts

Samples: Employment Agreement (Eloyalty Corp), Non Statutory Stock Option Agreement (Eloyalty Corp)

Term and Termination of Option. The maximum term of the Option shall will be the date which is 10 ten (10) years after the Option Date (the “Expiration Date”). The Option shall will terminate, to the extent not exercised or earlier terminated pursuant to the terms of this Agreement, on its Expiration Date. In Notwithstanding any other term of this Agreement, in no event may the Option be exercised, in whole or in part, after it terminatesthe Expiration Date or its earlier termination.

Appears in 1 contract

Samples: Stock Option Agreement (Mattersight Corp)

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Term and Termination of Option. The maximum term of the Option shall will be the date which is 10 years after the Option Date (the "Expiration Date"). The Option shall will terminate, to the extent not exercised or earlier terminated pursuant to the terms of this Agreement, on its Expiration Date. In Notwithstanding any other term of this Agreement, in no event may the Option be exercised, in whole or in part, after it terminatesthe Expiration Date or its earlier termination.

Appears in 1 contract

Samples: Employment Agreement (Eloyalty Corp)

Term and Termination of Option. The maximum term of the Option shall will be the date which that is 10 ten (10) years after the Option Date (the “Expiration Date”). The Option shall will terminate, to the extent not exercised or earlier terminated pursuant to the terms of this Agreement, on its Expiration Date. In Notwithstanding any other term of this Agreement, in no event may the Option be exercised, in whole or in part, after it terminatesthe Expiration Date or its earlier termination.

Appears in 1 contract

Samples: Stock Option Agreement (Mattersight Corp)

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