the Option Period definition

the Option Period means the period beginning on the date of notification of a Notified Discovery under clause 3.2 and ending on whichever is the first to occur of twelve (12) months thereafter or the service of a counter-notice by LeukoSite (UK) under clause 3.3: the University will not unreasonably refuse a reasoned request from LeukoSite (UK) for an extension of the twelve-(12)-month period in relation to any individual Notified Discovery.

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the Option Period shall begin upon the Lessee's delivery to Lessor of its Notice of acceptance of the Improvements.

the Option Period. A period commencing on the Date of the Signature upon this Agreement and ending at the end of the fifth year from the aforementioned date or on the date in which the Option will be cancelled by the Corporation in accordance with the provisions of this Agreement, the earlier of these. The Period of the Agreement: The first period and the additional period (if the Option in respect thereof shall be exercised), as these terms are defined in clause 9 below.

Examples of the Option Period in a sentence

The number of Option Shares subject to this Option during the Option Period shall be cumulative as to all prior dates of calculation and shall be adjusted for any stock dividend, subdivision, split-up or combination of Common Stock.
The right of exercise provided herein shall be cumulative so that if the Option is not exercised to the maximum extent permissible after vesting, the vested portion of the Option shall be exercisable, in whole or in part, at any time during the Option Period.
Buyer’s agreement to accept the Property As Is under Paragraph 7D(1) or (2) does not preclude Buyer from inspecting the Property under Paragraph 7A, from negotiating repairs or treatments in a subsequent amendment, or from terminating this contract during the Option Period, if any.
Subject to paragraph (j) below, the Option may be exercised at any time or from time to time during the Option Period in regard to all or any portion of the Option which is then exercisable, as may be adjusted pursuant to paragraph (g) below.
The Company shall at all times during the Option Period reserve and keep available under the Plan such number of Shares as shall be sufficient to satisfy the requirements of this Option.
The Shares may be purchased at any time after they become vested, in whole or in part, during the Option Period; provided, however, the Option may only be exercisable to acquire whole Shares.
In no event shall the Option be exercisable after the Option Period, i.e., after the earlier of June 30, 2010, or five years from the Participant's separation from employment with the Company.
In the event Optionee dies before the expiration of this option, Optionee's estate, or the person or persons to whom his rights under this option shall pass by will or the laws of descent and distribution, may exercise this option, to the extent exercisable at the date of death, at any time within six months following Optionee's death (but in any event before the expiration of the Option Period).
Buyer’s agreement to accept the Property As Is under Paragraph 7D (1) or (2) does not preclude Buyer from inspecting the Property under Paragraph 7A, from negotiating repairs or treatments in a subsequent amendment, or from terminating this contract during the Option Period, if any.
Company shall at all times during the Option Period reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of this Option.

More Definitions of the Option Period

the Option Period the Patents"

the Option Period means the period from the Framework Commencement Date until the third anniversary of the Framework Commencement Date and in relation to One 2 One New Sites until the third anniversary of the date of completion of their commissioning or legal completion of One 2 One's acquisition of the One 2 One's New Sites if later

the Option Period the period commencing on the date of this Agreement and ending on 31 July 1998 unless the Investor shall in its sole discretion have given written notice prior to 31 July 1998 to Powerhouse extending such period to 31 October 1998;

the Option Period the period of two (2) years commencing upon the date of this Agreement;

the Option Period the period of three (3) years commencing on the Effective Date;