Common use of Term of the Option Clause in Contracts

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.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Tab Products Co), Nonqualified Stock Option Agreement (Tab Products Co), Nonqualified Stock Option Agreement (Tab Products Co)

AutoNDA by SimpleDocs

Term of the Option. The This 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 OptioneeGrantee's employment with the Company and all of its Affiliates as described in paragraph 4(g)Paragraph 5 (b) below, or (c) upon a Transfer of Control corporate reorganization as described in Section 3(d) of the Company to the extent provided in paragraph 4(h) belowPlan.

Appears in 2 contracts

Samples: Employee Stock Option Agreement (Aflac Inc), Employee Stock Option Agreement (Aflac Inc)

Term of the Option. The This Option shall terminate and may no longer be exercised on the first to occur of (a) the date ten (10) 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 Grantee’s employment with the Company and all of its Affiliates as described in paragraph 4(g)Paragraph 5(b) below, or (c) upon a Transfer of Control corporate reorganization as described in Section 3(d) of the Company to the extent provided in paragraph 4(h) belowPlan.

Appears in 2 contracts

Samples: Employee Stock Option Agreement (Aflac Inc), Employee Stock Option Agreement (Aflac Inc)

Term of the Option. The This 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 OptioneeGrantee's employment with the Company as described in paragraph 4(g)Paragraph 5 (b) below, or (c) upon a Transfer of Control corporate reorganization as described in Section XXIII of the Company to the extent provided in paragraph 4(h) belowPlan.

Appears in 1 contract

Samples: Officer Stock Option Agreement (Aflac Inc)

Term of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (ai) the date ten (10) years after the Date of Option Grant (the "Option Term Date")Grant, (bii) the last date for exercising the Option following termination of the Optionee's employment service as a director of the Company as described in paragraph 4(g)6 below, or (ciii) upon a Transfer of Control of the Company to as described in the extent provided in paragraph 4(h) belowPlan.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (C Cube Semiconductor Inc)

AutoNDA by SimpleDocs

Term of the Option. The This 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 OptioneeGrantee's employment with the Company as described in paragraph 4(g)5 (b) below, or (c) upon a Transfer of Control corporate reorganization as described in Section XXIII of the Company to the extent provided in paragraph 4(h) belowPlan.

Appears in 1 contract

Samples: Officer Stock Option Agreement (Aflac Inc)

Term of the Option. The This Option shall terminate and may no longer be exercised on the first to occur of (a) the date ten (10) 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 Grantee’s employment with the Company and all of its Affiliates as described in paragraph 4(g)Paragraph 5 (b) below, or (c) upon a Transfer of Control corporate reorganization as described in Section 3(d) of the Company to the extent provided in paragraph 4(h) belowPlan.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Aflac Inc)

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