Term of Options. Each Award Agreement shall specify a term at the end of which the Option automatically expires, subject to earlier termination provisions contained in Section 6(h) hereof; provided, that, the term of any Option may not exceed ten years from the Grant Date. In the case of an ISO granted to an Employee who is a Ten Percent Holder on the Grant Date, the term of the ISO shall not exceed five years from the Grant Date.
Appears in 11 contracts
Samples: 2005 Stock Incentive Plan (Vapotherm Inc), Restricted Share Award Agreement (Commerce Energy Group, Inc.), Employment Agreement (Commerce Energy Group, Inc.)
