Term of Option: Exercise Sample Clauses

Term of Option: Exercise. (a) Subject to earlier termination pursuant hereto, the Option shall terminate five (5) years from the date hereof. The Option shall be exercisable in full on the date hereof.
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Term of Option: Exercise. (a) The Option shall terminate on November 29, 2002 subject to extension by the Company. The Option shall be exercisable in whole or in part, as determined by the Optionee, provided, however, that no exercise shall be permitted for less than $25,000 at any one time.
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Term of Option: Exercise. The foregoing option shall expire, whether or not it has become exercisable pursuant to Section 13.1, if not exercised prior to the earlier of: (a) the second anniversary of the Effective Date, (b) delivery of the Phase III clinical trial report described in Sections 6.1 and 6.2 or (c) the exercise or waiver of either of Schering’s options under Section 6.1 or 6.2. The parties also agree to confer on or about the first anniversary of the Effective Date in order to consider in good faith whether the foregoing option of Section 13.4.1 may be terminated at that time by mutual agreement. Such option may be exercised by Schering upon written notice to BioMedicines.
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Term of Option: Exercise. This Option shall expire with respect to all of the shares of Company Common Stock subject hereto on , (the "Expiration Date"), unless it shall be terminated at an earlier date in accordance with the provisions of the Plan. This Option shall be come exercisable and the Optionee may purchase all or any portion of the shares subject hereto at any time (i) on or after the earlier of (A) , and (B) Optionee's retirement at or after the age of sixty (60) and (ii) before the Expiration Date (or before any earlier termination date, in accordance with the provisions of the Plan).
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Term of Option: Exercise. (a) Subject to earlier termination pursuant hereto, the Option shall terminate five (5) years from the date hereof. The Option shall be exercisable as follows: 20,000 upon signing of Employment Agreement, and 5,000 for each 10,000 sales of ID-Check Products sold that exceed 10,000.
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Term of Option: Exercise. (a) Subject to earlier termination pursuant hereto, the Option shall terminate ten (10) years from the date hereof. The Option shall vest as follows: 25,000 shall vest January 1, 2005; 25,000 shall vest January 1, 2006; and the remaining 25,000 shall vest January 1, 2007 provided that Mr. Mandelbaum remains as an employee or director of the Xxxxxxx. Xxxxxd there be a change of control as defined in 4.05 of the employment agreement, then all remaining options shall vest.
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Term of Option: Exercise. (a) The Option shall terminate ten (10) years from the date hereof, unless earlier terminated in accordance with the terms hereof. The Option shall be exercisable in whole or in part, as determined by the Optionee, at any time from the date hereof.
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Term of Option: Exercise 
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Related to Term of Option: Exercise

  • Method of Option Exercise The Option may be exercised in whole or in part by filing a written notice with, and which must be received by, the Secretary of the Company at its corporate headquarters prior to the Expiration Date. Such notice shall (a) specify the number of shares of Stock which the Participant elects to purchase; provided, however, that not less than one hundred (100) shares of Stock may be purchased at any one time unless the number purchased is the total number of shares available for purchase at that time under the Option, and (b) be accompanied by payment of the Exercise Price for such shares of Stock indicated by the Participant’s election. Payment shall be by cash or by check payable to the Company, or, at the discretion of the Committee at any time: (a) all or a portion of the Exercise Price may be paid by the Participant by delivery of shares of Stock acceptable to the Committee (including, if the Committee so approves, the withholding of shares otherwise issuable upon exercise of the Option) and having an aggregate Fair Market Value (valued as of the date of exercise) that is equal to the amount of cash that would otherwise be required; and (b) the Participant may pay the Exercise Price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise.

  • Option Exercise Period Check One:

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Option Exercise Fee Subject to Section 3.2 of the Master Collaboration Agreement, the Parties acknowledge and agree that Celgene will pay the Phase 1 Option Exercise Fee (as defined in the Master Collaboration Agreement) for the Licensed Program in accordance with the Master Collaboration Agreement.

  • Option Exercise To exercise its option to purchase the Option Aircraft, Buyer shall give written notice thereof to Boeing on or before the first business day of the month in each Option Exercise Date shown below: Option Aircraft Option Exercise Date [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

  • Option Exercisability The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

  • Xxxxx of Option The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

  • Stock Option Exercise Agreement To exercise this Option, Participant (or in the case of exercise after Participant’s death or incapacity, Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in the form attached hereto as Exhibit A, or in such other form as may be approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia, (i) Participant’s election to exercise the Option, (ii) the number of Shares being purchased, (iii) any restrictions imposed on the Shares and (iv) any representations, warranties and agreements regarding Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option and such person shall be subject to all of the restrictions contained herein as if such person were the Participant.

  • Option Exercise Price The per share price to be paid by Optionee in the event of an exercise of the Option will be $ .

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