Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

Option Term means the period beginning on the Grant Date of an Option and ending on the expiration date of such Option, as specified in the Award Agreement for such Option and as may, consistent with the provisions of the Plan, be extended from time to time by the Board prior to the expiration date of such Option then in effect.

Option Term means the maximum term of an Option as set forth in Section 7.3.

Examples of Option Term in a sentence

You will be sent a notice thirty (30) days prior to the Contract Anniversary and/or Index Account Option Term Anniversary.
The general term used to describe a method of crediting the applicable Index Adjustment at the end of an Index Account Option Term.
To execute an Intra-Term Performance Lock, the Owner must specify the Crediting Method, Index, Index Account Option term, Index Account Option Term Anniversary, and Index Adjustment Factor(s) of the Index Account Option(s) from which to execute the Intra-Term Performance Lock.
Prior to the Index Account Option Term Anniversary, You may elect to transfer the Interim Value of an Index Account Option into the Short Duration Fixed Account Option by requesting an Intra-Term Performance Lock subject to the following: 1.
If the Index or Crediting Method with equal or greater downside protection is no longer available as of the Index Account Option Term Anniversary, the Index Account Option value(s) will be reallocated to the 1-Year Fixed Account Option.

More Definitions of Option Term

Option Term means a period, if any, through which this Agreement may be or has been extended by the Court.

Option Term means the period beginning on the Grant Date of an Option and ending on the date such Option expires, terminates or is cancelled.

Option Term means the period of 20 years commencing on 1 January 1993 and expiring on 31 December 2012;

Option Term means a period, if any, through which this Agreement may be or has been extended by the Judicial Council.

Option Term shall have the meaning ascribed to such term in Section 3 of this Agreement.

Option Term shall have the meaning ascribed to such term in Section 2 herein.

Option Term means the period of time during which an Option is exercisable as the Committee shall determine at the time of grant; provided, however, no Option shall be exercisable later than the tenth anniversary of its grant date.