The Option Period. In the event that a condition is imposed by any of the relevant authorities in respect of any of the approvals and consents referred to in this Article IV which affects any of the parties hereto, that party shall have the option to be exercised within fourteen (14) days from the date on which the condition is made known to the party affected (the "OPTION PERIOD") by written notice to the other party, not to accept such condition, whereupon the approval or consent in respect of which the said condition is imposed shall be deemed not to have been obtained for the purpose hereof. If such option is not exercised within the Option Period such approval or consent in respect of which the said condition is imposed shall be deemed to have been obtained for the purpose hereof.
The Option Period. The "Option Period" shall commence on the date hereof and extend until One (1) year from the Effective Date, provided that, upon written notice from Optionee to the Company not more than 60 days and not less than 30 days prior to such date, the Option Period may be extended until Two (2) years from the Effective Date, in the sole and absolute discretion of Optionee.
The Option Period for Options granted to Employees shall be determined by the Committee and specifically set forth in the Agreement, provided, however, that an Option shall not be exercisable after ten years (five years in the case of an Incentive Stock Option granted to a Ten-Percent Stockholder) from its Date of Grant.
The Option Period as defined in the second paragraph of the Option Agreement is hereby amended by deleting the words in line 7 "...or before thirty (30) days from the Effective Date ..." and inserting: "...August 30, 2004 at 5:00 p.m. (Chicago, Illinois time)..."
The Option Period. The Option shall run and be exercisable, upon and subject to the terms and conditions set forth herein, for a period commencing on February 1, 2018 and expiring at 11:59 p.m. on February 28, 2018 (the “Option Period”). The Optionee shall have no right or entitlement to an extension of the Option Period (except as otherwise provided in Section 1.4 hereof). No later than five (5) business days after receipt of the Option Exercise Notice (as hereinafter defined) from Optionee, and in all events prior to the Closing Date, to the extent changes to such exhibits are required due to actions taken in accordance with the terms hereof after the date hereof and prior to the date of the Option Exercise Notice, Owner shall deliver to Optionee and Escrow Agent updated Exhibits D and F and Schedule 5.01(l) to the Purchase and Sale Agreement (the “Updated Exhibits and Schedules”) consistent with the terms of this Agreement and the Purchase and Sale Agreement.
The Option Period. The Option referred to in Paragraph 3.1 of the Purchase Agreement shall expire on October 1, 1999, instead of on October 1, 2000. In order to effectuate the foregoing, the parties agree that the Purchase Agreement shall be amended as set forth in Paragraphs 2 and 3 below. If and to the extent that any other provisions of the Purchase Agreement conflict with or are otherwise inconsistent with the provisions or intent of this Amendment No. 1, this Amendment No. 1 shall govern.
The Option Period. 3.1 The Option Period in pursuance of this Contract is for 24 (twenty four) months (the "First Option").
The Option Period for Options granted to Employees shall be determined by the Committee and specifically set forth in the Agreement, provided, however, that an Option shall not be exercisable after ten years (five years in the case of an Incentive Stock Option granted to a Ten-Percent Stockholder) from its Date of Grant. 6.3. The Committee, in its discretion, may provide in an Agreement for the right of the Optionee to surrender to the Corporation an Option (or a portion thereof) that has become exercisable and to receive upon such surrender, without any payment to the Corporation (other than required tax withholding amounts) that number of Shares (equal to the highest whole number of Shares) having an aggregate fair market value as of the date of surrender equal to that number of Shares subject to the Option (or portion thereof) being surrendered multiplied by an amount equal to the excess of (i) the Fair Market Value on the date of surrender over (ii) the Option Price, plus an amount of cash equal to the fair market value of any fractional Share to which the Optionee would be entitled but for the parenthetical above relating to whole number of Shares. Any such surrender shall be treated as the exercise of the Option (or portion thereof).
The Option Period. Section 20 of the agreement will remain with the following changes: (a) the Option Period will start at the end of the Addition to Lease Period (i.e. on 1/1/2016). (b) despite the said in section 20 of the Agreement, the option exercise will be in written notice to the Lessor at least 5 months before the end of the Lease Period (i.e. not later than August 1, 2015). (c) the rent in the Option Period will be same as the rent in the Addition to Lease Period plus cost of leaving adjustment as defined in the Agreement.
The Option Period. The Repurchase Option shall be exercisable at any time by the Seller (or its assignee or transferee) commencing on the date hereof and ending at 5 p.m. Little Rock, Arkansas time on December 24, 2008. The period during which the Repurchase Option may be exercised is referred to herein as the “Option Period.”
