Option Year in respect of an Option means the year commencing on the Earliest Exercise Date of the Option or on any anniversary of such date, and ending prior to or on the Latest Exercise Date;

Option Year means the year that would be added to a Player Contract if an Option were exercised.

Option Year means the additional twelve-month period that is added to the term of the Standard Player Contract of certain Rookies if the option provided for in Article V, Section 4 is exercised by the Team.

Examples of Option Year in a sentence

The Contractor shall provide the services shown below for Option Year 2 of the contract, and continuing for a period of 12 months.
The Contractor shall provide the services shown below for Option Year 1 of the contract, and continuing for a period of 12 months.
The Contractor shall provide the services shown below for Option Year 1, starting one year after the date stated in the Notice to Proceed and continuing for a period of 12 months.
The Contractor shall provide the services shown below for Option Year 2, starting two years after the date stated in the Notice to Proceed and continuing for a period of 12 months.
The Contractor shall provide the services shown below for Option Year 3, starting three years after the date stated in the Notice to Proceed and continuing for a period of 12 months.

More Definitions of Option Year

Option Year means a twelve (12) month period commencing on the Effective Date and each twelve (12) month period thereafter during the term of this Agreement.

Option Year means, with respect to a Stock Option granted under this Plan, a period of 12 consecutive months beginning on its Date of Grant or an anniversary of its Date of Grant.

Option Year has the meaning ascribed thereto in Section 2.1(g) (Key Principles) of this Agreement;

Option Year means One (1) year period following the Effective Date and each anniversary of the Effective Date.

Option Year has the meaning specified in Section 2.2.

Option Year means the year that would be added to a Player Contract if an Option were exercised. (mm) “Performance Bonus” means any Incentive Compensation described in Article II, Section 3(c)(iii). (nn) “Player Contract” (see “Uniform Player Contract”).

Option Year refers to the period commencing on either the Date of Grant of this option or an annual anniversary of such date and ending on the next ensuing annual anniversary of such date.