Term of Option definition

Term of Option. [TEN (10) YEARS] Vesting: Shares subject to issuance under this Option shall be eligible for exercise according to the vesting schedule described in Section 9 on the reverse of this Stock Option Agreement.
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Term of Option. Subject to Section 9 below, this Option expires at 5:00 p.m. Eastern Time on
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Term of Option. This Option expires on ______________. [The term of this Incentive Stock Option shall not exceed 10 years commencing on the Date of Grant, or five (5) years if the employee owns more than 10% of the common stock (“Common Stock”) of First Place Financial Corp. (the “Company”)].
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Examples of Term of Option in a sentence

  • The tenant and landlord will negotiate the following: Purchase Price ($) Downpayment Term of Option Option Fee (if any) The language of the lease-purchase will usually just have these terms with the condition of both parties entering in “good faith” to a purchase agreement.

  • Term of Option 3.2 An Option can be exercisable for a maximum of 10 years from the Effective Date.

  • Unless sooner terminated under Section 15, it shall continue in effect for a term of ten (10) years from the later of (i) the effective date of the Plan, or (ii) the earlier of the most recent board or shareholder approval of an increase in the number of Shares reserved for issuance under the Plan.8. Term of Option.

  • Term of Option Subject to such other terms or conditions that may be attached to an Option granted hereunder, an Option Holder may exercise any vested portion or portions of an Option in whole or in part at any time or from time to time during the Exercise Period.

  • STOCK OPTIONS: Number of Options 25,000 Term of Option 6 years Vesting 20% per year for 5 years Pricing FMV on date of grant Date of grant Effective date of acquisition 6.

  • This Option may be exercised only within the Term of Option set out in the Notice of Grant, and in accordance with the terms of the Plan and this Option Agreement.

  • Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the Term of Option specified on the reverse side.

  • The language in all parts of this Release shall in all cases be construed simply, according to its fair meaning, and not strictly for or against any of the parties hereto.

  • Neither the Bargaining Unit Employees nor the Employer shall expose the staff to potential safety or liability hazards by permitting anyone not classified as a full-time regular Supervisor, an Acting Supervisor, Detention Manager, or Juvenile Court Senior Manager to be the Supervisor on Duty.

  • The exercise of each Option is effected by submitting the respective Term of Option Exercise duly filled out and signed by the Participant.


More Definitions of Term of Option

Term of Option. As specified in Section 5 of the Non-Qualified Stock Option Agreement.
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Term of Option. The option (the "SeaTac Option") is exercisable -------------- by the Operating Partnership beginning on the date of this Agreement and continues until the first anniversary of the consummation of the IPO; provided, that, in the event that -------------- SEA/TAC Properties, Ltd. (the "Owner") is unable to deliver to the Operating Partnership (i) estoppel certificates reasonably satisfactory to the Operating Partnership regarding the continued validity of, and absence of breaches under, the ground leases applicable to the SeaTac Property and (ii) assurance reasonably satisfactory to the Operating Partnership with respect to the indebtedness on the Option Property that such indebtedness can be subject to at least one of the following: (A) assumption with all prior defaults or breaches deemed cured or waived or (B) repayment with the lenders' rights being deemed discharged in all material respects (collectively, the "Estoppel Certificates") prior to the 270th day following consummation of the IPO, then the SeaTac Option shall be exercisable until the date that is 90 days following the delivery of the Estoppel Certificates. The Owner shall use its reasonable efforts to obtain the Estoppel Certificates as soon as reasonably practicable following the date of this Agreement.
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Term of Option. Subject to earlier termination in accordance with the Plan, the ten (10) year period commencing on Grant Date Vesting: At first anniversary of Grant Date -- one third of Total Number of Shares At second anniversary of Grant Date -- one third of Total Number of Shares At third anniversary of Grant Date -- one third of Total Number of Shares
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Term of Option through November 1, 2001, unless sooner terminated as provided in Paragraph 5 hereof.
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Related to Term of Option

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

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

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Director Option means an Option granted pursuant to Section 6.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Purchase Option Period As defined in Section 9.03(a) hereof.

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

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Initial Term has the meaning set forth in Section 7.1.

  • Employee Option means an Option granted pursuant to Section 5.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Renewal Period the period described in clause 13.1.

  • Option means a stock option granted pursuant to the Plan.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Exercise Period means the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Renewal Option has the meaning set forth in §12.1.

  • Option Expiration Date means the last day of the maximum term of an Option.