Exercise Term definition

Exercise Term means the period of time during which an Option may be exercised.

Exercise Term. - means the period of time during which Options may be exercised.

Exercise Term has the meaning ascribed to it in section "4.3" hereinbelow;

Examples of Exercise Term in a sentence

• The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

• The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

• The Exercise Term is eight (8) years, starting from the date of the Offer.

• Each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining period of the Exercise Term.

• In the event the employment of the Optionee is terminated by reason of Disability, the Option shall become immediately and fully exercisable as of the date the Committee determines the Optionee terminated for Disability and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of termination, whichever period is shorter.

More Definitions of Exercise Term

Exercise Term means (a) with respect to a single Event which (i) is a windstorm, the one (1) year period commencing upon the occurrence of a Qualifying Catastrophic Event and ending at 12:00 a.m. midnight Bermuda Time on the first anniversary of such occurrence (as the same may be extended under Section 2.4) during which Trenwick has the right to exercise the Securities Issuance Option, or (ii) is other than a windstorm, the eighteen (18) month period commencing upon the occurrence of a Qualifying Catastrophic Event and ending at 12:00 a.m. midnight Bermuda Time on the date which is eighteen (18) months following such occurrence (as the same may be extended under Section 2.4) during which Trenwick has the right to exercise the Securities Issuance Option, or (b) with respect to a series of Events, the period commencing upon the occurrence of a Qualifying Catastrophic Event and ending one (1) year following the end of the Exposure Period during which such series of Events occurs, which one (1) year period ends at 12:00 a.m. midnight Bermuda Time on the January 1 next following the end of such Exposure Period (as the same may be extended under Section 2.4), during which Trenwick has the right to exercise the Securities Issuance Option.

Exercise Term means the period of time during which Options, SARs, LARs or other Awards may be exercised;

Exercise Term means (i) if this Warrant is issued at the time of closing of the IPO, any time between January 1, 2003 and the date ten years after the Grant Date or (ii) if no IPO has been completed by the Company as of July 31, 2003, any time between July 31, 2003 and the date seven years after the Grant Date.

Exercise Term means the Salary Continuation Period (as defined in Section 6.4 of this Agreement) plus two years.

Exercise Term has the meaning set forth in Section 2.4.

Exercise Term means (a) with respect to a single Event, the one (1) year period commencing upon the occurrence of a Qualifying Catastrophic Event and ending at 12:00 A.M. Central Time on the first anniversary of such occurrence during which HM has the right to exercise the Option, or (b) with respect to multiple Events, the period commencing upon the occurrence of a Qualifying Catastrophic Event and ending at 12:00 A.M. Central Time on the anniversary of the Effective Date next following the end of the Agreement Year during which such Qualifying Catastrophic Event occurs during which HM has the right to exercise the Option.

Exercise Term. A Period of _____ Years from the Date of Grant VESTING SCHEDULE: Percentage of Shares Date (from Grant Date) ---------- ---- ______* __________ ______* __________ ______* __________ ______* __________ *rounded to the next whole number of Shares THIS OPTION AGREEMENT (the "AGREEMENT") is entered into effective as of the _______ day of __________, 2001 by and between QUADRACOMM, INC., a Colorado corporation (the "COMPANY"), and the individual designated above (the "OPTIONEE").