Termination of the Option. The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the close of business on the day that is seven (7) years from the Date of Grant (the "Option Term").
Appears in 3 contracts
Samples: Stock Option Agreement (Provant Inc), Stock Option Agreement (Provant Inc), Stock Option Agreement (Provant Inc)
Termination of the Option. The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the close of business on the day that is seven ten (710) years from the Date of Grant (the "Option Term").
Appears in 2 contracts
Samples: Stock Option Agreement (Bridgestreet Accommodations Inc), Employment Agreement (Bridgestreet Accommodations Inc)
Termination of the Option. The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the close of business on the day that is seven (7) years from the Date of Grant or on such earlier date as may be provided in the Plan (the "Option Term").
Appears in 2 contracts
Samples: Stock Option Agreement (Provant Inc), Stock Option Agreement (Provant Inc)
Termination of the Option. The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised, shall terminate and become null and void after the close of business on that date (the day "Expiration Date") that is seven one (71) day less than ten (10) years from the Date of Grant (Grant. Notwithstanding any other provision set forth herein or in the "Plan, in no event shall the Option be exercised after the expiration of the Option Term").
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