Term of the Options Sample Clauses

Term of the Options. Subject to the earlier termination provisions set forth in the Stock Option Agreement, the Option shall have a term of ten (10) years from the date hereof. The granting of the Options shall be effective only upon delivery of a fully executed Stock Option Agreement.
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Term of the Options. The Option shall remain exercisable as to Optioned Shares for five (5) years from the date of vesting of such Optioned Shares. If the Optionee is terminated as an employee without cause (as defined in any employment agreement with the Corporation applicable to Optionee) then all of Optionee's unvested Options shall immediately vest and become exercisable and the term of any such Options shall be extended to the fifth anniversary of Optionee's employment termination date. Should the Optionee’s service be terminated for cause (as defined in any employment agreement with the Corporation applicable to Optionee), then in any such event this Option shall terminate immediately and with respect to all unvested shares of Common Stock. In the event Optionee is unable to continue as an employee as a result of his total and permanent disability (as defined in Section 22(e)(3) of the Code), all of Optionee's unvested Options shall immediately vest and become exercisable and the term of any such Options shall be extended to the fifth anniversary of Optionee's employment termination date. During the term of this Option if the Optionee was at the time of his death an employee, all of the Optionee's unvested Options shall immediately vest and become exercisable and the term of any such Options shall be extended to the fifth anniversary of the Optionee's date of death and the Option may be exercised by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance. If during the term of this Agreement and while the Optionee remains an employee of the Corporation, the Corporation shall be subject to a Change in Control, then in such case all of the Optionee's unvested Options shall immediately vest and become exercisable and the term of any such Options shall be extended to the fifth anniversary of the date of such Change in Control.
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Term of the Options. The Options shall remain exercisable for a period continuing until May 31, 2009.
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Term of the Options. Unless sooner terminated in accordance herewith or in the Plan, the Options shall expire on the tenth anniversary of the Grant Date.
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Term of the Options. The term of each option shall be determined by the Committee at the time the option is granted; provided, however, that no option shall be exercisable after the expiration of ten (10) years from the date of grant and all options shall be subject to earlier termination as hereinafter provided.
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Term of the Options. The Options shall remain exercisable for a period continuing until September 23, 2012..
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Term of the Options. Option I shall be exercisable from the date of the "Closing" under the terms of, and as defined in, that certain Stock Purchase Agreement (the "SFNB Stock Purchase Agreement") among Royal Bank of Canada, Purchaser, SFNB and upon organization, Holdings, dated as of even date herewith ("the SFNB Closing Date") until the close of business on the first business day which is 90 days after the SFNB Closing Date. Option II shall be exercisable from the SFNB Closing Date until the close of business on the first business day which is 270 days after the SFNB Closing Date. Option III shall be exercisable from the SFNB Closing Date until the close of business on the first business day which is 450 days after the SFNB Closing Date. Option IV shall be exercisable from the SFNB Closing Date until the close of business on the first business day which is 630 days after the SFNB Closing Date. Notwithstanding anything to the contrary provided herein, the Options shall terminate and be of no further effect upon termination of the Stock Purchase Agreement, other than by reason of Closing thereunder.
Sample 1
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Term of the Options. Purchaser may exercise the Parcel A Option at any time after May 1, 2019, if the Developer has not commenced Site Work for the Parcel A Facility by such date or does not complete construction of the Parcel A Facility in accordance with the requirements of the Development Agreement. The Parcel A Option, which is separate and distinct from the Parcel B Option, shall expire upon the earlier of (i) 90 days after May 1, 2020, or (ii) Substantial Completion of the Parcel A Facility. Purchaser may exercise the Parcel B Option, which is separate and distinct from the Parcel A Option, at any time after September 1, 2017, if the Developer has not commenced Site Work for the Parcel B Facility by such date or does not complete construction of the Parcel B Facility in accordance with the requirements of the Development Agreement. The Parcel B Option shall expire upon the earlier of (i) 90 days after April 1, 2019, or (ii) Substantial Completion of the Parcel B Facility. At any time after either the Parcel A Option or Parcel B Option (individually each, an “Option”, and collectively, the “Options”) is exercisable, Purchaser may provide written notice to the Seller that it is exercising the applicable Option (“Exercise Notice”). Closing shall occur within thirty (30) days of the date of said Exercise Notice.
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Related to Term of the Options

  • 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 Options Unless the Options terminate earlier pursuant to the provisions of this Agreement or the Plan, the Options shall expire on the seventh (7th) anniversary of the Grant Date (“Option Expiration Date”).

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Vesting of the Option Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent (20%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.”

  • Grant of the Option The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $ (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Termination of the Option The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

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