Term of the Option. The term of the Option (the “Option Period”) shall be for a period of ten (10) years from the Effective Date, terminating at the close of business on the tenth anniversary of the Effective Date (the “Expiration Date”) or such shorter period as provided in Section 6 hereof.
Term of the Option. Unless the Option terminates earlier pursuant to other provisions of the Option Agreement, the Option shall expire on the tenth anniversary of the Grant Date (the “Expiration Date”).
Term of the Option. (a) The Option shall be exercisable, in accordance with the provisions of Sections 2 and 3 hereof, through the tenth anniversary of the Grant Date, unless terminated earlier as provided herein.
Term of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (a) the date ten (10) years after the Date of Option Grant (the "Option Term Date"), (b) the last date for exercising the Option following termination of the Optionee's employment as described in paragraph 4(g), or (c) a Transfer of Control of the Company to the extent provided in paragraph 4(h) below.
Term of the Option. This Option will expire ten (10) years from the Grant Date, unless sooner terminated, forfeited, or canceled in accordance with the provisions of the Plan. This means that the Option must be exercised, if at all, on or before the expiration date. This expiration date is indicated in the Awardee’s External Administrator account. The Awardee is responsible for keeping track of this date and will not receive any prior notification of the expiration date from the Company.
Term of the Option. Unless earlier terminated in accordance with the provisions of this Agreement, the Option will terminate on January 4, 2007.
Term of the Option. Except as otherwise provided in this Agreement, to the extent not previously exercised, the right to exercise the Option shall terminate on the tenth (10th) anniversary of the date of grant. Notwithstanding the foregoing, if an Optionee ceases to be a Board Member of the Company for any reason, except death and disability, he or she may, but only within ninety (90) days after the date he or she ceases to be a Board Member of the Company, exercise his or her Option to the extent that he or she was entitled to exercise it at the date of such termination, and in the case of the Optionee's death or disability, the Optionee (or the Administrator or Executor or other Representative of the Optionee's estate) may, but only within one (1) year after the date he or she ceases to be a Board Member of the Company due to death or disability, exercise his or her Option to the extent that he or she was entitled to exercise it at the date of such termination; provided, however that in no event may the Option be exercised after the ten (10) year term has expired. To the extent that the Optionee was not entitled to exercise an Option at the date of such termination, or if he or she does not exercise such Option (which he or she was entitled to exercise) within the time specified herein, the Option shall terminate.
Term of the Option. The Option will commence on the date hereof and will terminate on October 15, 2001 (the "Effective Date").
Term of the Option. Unless earlier terminated in accordance with the provisions of the Plan, the Option will terminate on the earliest to occur of (a) the expiration of Twenty (20) years from the Grant Date; (b) the expiration of ninety (90) days following termination of the Holder's employment with the Company for any reason other than death, Disability or cause (as defined in Section 7.2(b) of the Plan); (c) the expiration of One (1) year following termination of the Holder's employment with the Company on account of death or Disability; and (d) the date of termination of the Holder's employment with the Company for cause (as defined in Section 7.2(b) of the Plan).
Term of the Option a. The entire Option, to the extent not theretofore exercised, shall terminate at the close of business on the earlier of:
