Term of Stock Options. The Committee shall in its discretion prescribe in an Award Agreement the period during which a vested Stock Option may be exercised, provided that the maximum term of a Stock Option shall be ten (10) years from the Date of Grant. A Stock Option may be earlier terminated as specified by the Committee and set forth in an Award Agreement upon or following the termination of a Participant’s Continuous Service for any reason, including by reason of voluntary resignation, death, Disability, termination for Cause or any other reason. Except as otherwise provided in this Section 6 or in an Award Agreement as such agreement may be amended from time to time upon authorization of the Committee, no Stock Option may be exercised at any time during the term thereof unless the Participant is then in Continuous Service. Notwithstanding the foregoing, unless an Award Agreement provides otherwise:
Term of Stock Options. Each Stock Option shall become exercisable at the time, and for the number of shares of Common Stock, fixed by the Option Agreement, provided, however, that a period of six months must elapse between the date of grant of a Stock Option hereunder and the date of the disposition of the shares of Common Stock purchased upon exercise of the Stock Option. Each Stock Option shall expire and all rights to purchase Common Stock thereunder shall cease on the date fixed on the Option Agreement, which shall not be later than the date ten (10) years from the date such Stock Option is granted.
Term of Stock Options. The Stock Options may be exercised once they have vested at any time for a period of ten (10) years from the date of grant, subject to Section 5.b below. The date of grant, the dates at which the Stock Options vest and the dates at which they are exercisable are set out above in Section 2 hereof.
Term of Stock Options. Each Stock Option shall expire at such time as the Committee shall determine at the time of grant.
Term of Stock Options. In the event of a termination of employment for any reason (other than for Cause), the Company agrees to take such actions are necessary to cause all of the Executive’s outstanding stock options as of the date of such termination of employment to continue to be exercisable for the entire remaining term of each stock option.”
Term of Stock Options. The Options shall have a term of ten (10) years, subject to the provisions below (the "Term"). During the Term, Gonzxxxx xxx exercise the Options to the extent he is vested. To the extent necessary to supplement personal funds, the Company agrees to consider in good faith granting Gonzxxxx x loan in amounts necessary to exercise any Option provided for herein and/or to make any necessary payments for income taxes incurred by Gonzxxxx xx the result of the grant or exercise of Options under this Section 3.2, with interest and payment dates on such loans to be negotiated by the parties in good faith. Said obligation to grant said loan shall terminate upon the Company's initial public offering ("IPO") of common stock. Gonzxxxx xxx also pay the exercise price of Options and/or any income tax withholding requirements in common stock of the Company.
Term of Stock Options. The Committee shall in its discretion prescribe in an Award Agreement the period during which a vested Stock Option may be exercised, provided that the maximum term of a Stock Option shall be ten (10) years from the Date of Grant. A Stock Option may be earlier terminated as specified by the Committee and set forth in an Award Agreement upon or following the termination of a Participant’s Continuous Service for any reason, including by reason of voluntary resignation, death, Disability, termination for Cause or any other reason. Except as otherwise provided in this Section 6 or in an Award Agreement as such agreement may be amended from time to time upon authorization of the Committee, no Stock Option may be exercised at any time during the term thereof unless the Participant is then in Continuous Service. Notwithstanding the foregoing, unless an Award Agreement provides otherwise: If a Participant’s Continuous Service terminates by reason of his or her death, any Stock Option held by such Participant may, to the extent then exercisable, be exercised by such Participant’s estate or any Person who acquires the right to exercise such Stock Option by bequest or inheritance at any time in accordance with its terms for up to one year after the date of such Participant’s death (but in no event after the earlier of the expiration of the term of such Stock Option or such time as the Stock Option is otherwise canceled or terminated in accordance with its terms). Upon expiration of such one-year period, no portion of the Stock Option held by such Participant shall be exercisable and the Stock Option shall be deemed to be canceled, forfeited and of no further force or effect. If a Participant’s Continuous Service terminates by reason of his or her Disability, any Stock Option held by such Participant may, to the extent then exercisable, be exercised by the Participant or his or her personal representative at any time in accordance with its terms for up to one year after the date of such Participant’s termination of Continuous Service (but in no event after the earlier of the expiration of the term of such Stock Option or such time as the Stock Option is otherwise canceled or terminated in accordance with its terms). Upon expiration of such one-year period, no portion of the Stock Option held by such Participant shall be exercisable and the Stock Option shall be deemed to be canceled, forfeited and of no further force or effect. If a Participant’s Continuous Service te...
