Option Period definition

Option Period means the period during which an Option may be exercised.

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Option Period means the period during which an option may be exercised.

Option Period means the period described in Section 7(c).

Examples of Option Period in a sentence

• The Operator shall conduct all business and operations pursuant to the Work Program, and shall require the approval of the Operations Committee prior to implementing any changes to the Work Program during the Option Period.

• The Optionee may not assign any part of its obligations under this Agreement to any third party or Encumber the Property or grant any offtake or royalty rights in respect of the Property during the Option Period, without the prior written consent of the Optionor, which consent may not be unreasonably withheld.

• The Operator shall be responsible for the conduct of all exploration and development work on the Property during the Option Period.

• During the Option Period, however, without the prior consent of the Optionee, the Optionor shall not remove from the Property any buildings, plant, equipment, machinery, tools, appliances or supplies placed on the Property by the Optionee.

• The Optionee and Optionor shall work together in good faith to develop a proposed work program and budget with respect to the Property during the Option Period within 30 days of the execution of this Agreement, which shall include the work required to substantiate the Resource Payment (“Work Program”).

More Definitions of Option Period

Option Period means the period from the date of this Agreement to and including the date of exercise or termination of the Option;

Option Period shall commence on the Date of Grant and shall expire on the date immediately preceding the tenth (10th) anniversary of the Date of Grant, unless terminated earlier in accordance with Section 4 below. The Stock Option is a

Option Period means the period during which a Stock Option may be exercised from time to time, as established by the Board and set forth in the Award Agreement for each Participant who is granted a Stock Option.

Option Period means the period during which an Option shall be exercisable in accordance with the related Agreement and Article VI.

Option Period means the period during which Options may be exercised as set forth in Section 10 hereof.

Option Period shall have the meaning provided in Section 4.3.

Option Period means the period during which an Option is outstanding.