Common use of Term of Option Exercise Period Clause in Contracts

Term of Option Exercise Period. Except to the extent that the Option or any portion thereof shall sooner terminate in accordance with Section 2 or 4 hereof, once any portion of the Option has become vested and exercisable, such portion shall remain exercisable until the end of the day preceding the tenth anniversary of the date hereof (the "Option Period").

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Lexmark International Inc /Ky/), Non Qualified Stock Option Agreement (Lexmark International Inc /Ky/), Non Qualified Stock Option Agreement (Lexmark International Inc /Ky/)

AutoNDA by SimpleDocs

Term of Option Exercise Period. Except to the extent that the Option or any portion thereof shall sooner terminate in accordance with Section 2 or 4 hereof2(b), once any portion of the Option has become vested and exercisable, such portion shall remain exercisable until the end of the day preceding the tenth anniversary of the date hereof (the "Option Period").

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Lexmark International Inc /Ky/), Non Qualified Stock Option Agreement (Lexmark International Group Inc)

AutoNDA by SimpleDocs

Term of Option Exercise Period. Except to the extent that the -------------------------------- Option or any portion thereof shall sooner terminate in accordance with Section 2 or 4 hereof, once any portion of the Option has become vested and exercisable, such portion shall remain exercisable until the end of the day preceding the tenth anniversary of the date hereof (the "Option Period").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Lexmark International Inc /Ky/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!