Terms and Conditions of Exercise. (i) The Option shall have a term of ten years from the date hereof.
Terms and Conditions of Exercise. Any Power of Appointment granted to a beneficiary may be exercised outright or in further trust, in such shares and on such terms and conditions as the holder may specify.
Terms and Conditions of Exercise. Each exercise and purchase of shares pursuant to the Option shall be subject to the following terms and conditions:
Terms and Conditions of Exercise. Uninterrupted continuation of the employment relationship. In order to exercise the Options, the Participant must have continued without interruption in his or her employment relationship with one of the Terra Lycos Group companies from the Grant Date to the corresponding Exercise Date. Without prejudice to the foregoing, the Participant shall be entitled to exercise the Options when his or her employment relationship with one of the Terra Lycos Group companies has been suspended for one of the following reasons:
Terms and Conditions of Exercise. Uninterrupted continuation of the employment relationship. In order to exercise the Options, the Participant must have continued without interruption in his or her employment relationship with one of the Terra Lycos Group companies from the Grant Date to the corresponding Exercise Date; however, (x) in situations where Participants take approved leave of absence, vesting and exercisability of Options shall be governed by such policies and procedures as are determined in writing by the Board of Directors and (y) a Participant shall be entitled to exercise vested Options when his or her employment relationship with one of the Terra Lycos Group Companies has been terminated for one of the reasons detailed in Section 6(a)(ii) (in such instances, vested Options are exercisable until termination of the Option, as specified in such Section).
Terms and Conditions of Exercise. There is no obliga- tion to exercise all or any portion of this Warrant. This Warrant is immediately exercisable. This Warrant may be exercised only be delivery to the Company of:
Terms and Conditions of Exercise. (i) The Option shall terminate on April 17, 2001.
