Term of Option definition
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.