Common use of Term and Termination of Option Clause in Contracts

Term and Termination of Option. Except as otherwise provided below, the term of the Option (the "Option Period") shall commence on the Grant Date and terminate on the date of the first to occur of the following events:

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Southern Electronics Corp), Non Qualified Stock Option Agreement (First Capital Bancorp, Inc.), Non Qualified Stock Option Agreement (First Capital Bancorp, Inc.)

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Term and Termination of Option. Except as otherwise provided belowherein, the term of the Option (the "Option Period") shall commence on the Grant Date and terminate at 5:00 p.m. Eastern Time on the date of the first to occur of the following events:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Quadramed Corp)

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Term and Termination of Option. Except as otherwise provided belowherein, the term of the Option (the "Option Period") " shall commence begin on the Grant Date and terminate shall expire on the date of the first to occur of the following events:

Appears in 1 contract

Samples: Employee Stock Option Agreement (Chestatee Bancshares Inc)

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