Expiration Clause Example with 6 Variations from Business Contracts
This page contains Expiration clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Expiration. The Option will expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which date shall not be later than ten years after the date of grant]; (b) The expiration of the period after the termination of employment of the Optionee within which the Option can be exercised (as specified in Section 7 of this Agreement); (c) At the election of the Company, upon termination of the Optionee's employment for Cause or if it is determined by... the Company within ten days after termination of the Optionee's employment by the Optionee, such as Optionee's resignation, that Cause existed for termination by the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 of the Plan. In no event may anyone exercise the Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company.View More
Variations of a "Expiration" Clause from Business Contracts
Expiration. The This Option will shall expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which date shall not be later than ten years after the date of grant]; Agreement; (b) The expiration of the period after the termination of employment Service (as defined below) of the Optionee within which the Option can be exercised (as specified in Section 7 of this Agreement); (c) At the election of the Company, upon termination Termination of ...the Optionee's employment Service to the Company for Cause Cause. "Cause" shall be deemed to exist upon (i) an act or if it acts of dishonesty undertaken by Optionee and intended to result in substantial gain or personal enrichment of Optionee at the expense of the Company; (ii) unlawful conduct or gross misconduct that is determined willful and deliberate on Optionee's part and that, in either event, is materially injurious to the Company; (iii) the conviction of Optionee of a felony; or (iv) material breach by Optionee of any terms and conditions of any consulting, independent contractor, employment, confidentiality or non-competition/non-solicitation agreement between the Optionee and the Company not caused by the Company Company, which breach has not been cured by Optionee within ten days after termination of the Optionee's employment by the Optionee, such as Optionee's resignation, that Cause existed for termination by written notice thereof to Optionee from the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 Section 17 of the Plan. In no event may anyone exercise the this Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company. View More
Expiration. The This Option will shall expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which date shall not be later than ten years after the date of grant]; Agreement; (b) The expiration of the period after the termination of employment Service of the Optionee within which the Option can be exercised (as specified in Section 7 of this Agreement); (c) At the election of the Company, upon termination Termination of the Optionee's Serv...ice for Cause. "Cause" shall be deemed to exist upon (i) an act or acts of dishonesty undertaken by Optionee and intended to result in substantial gain or personal enrichment of Optionee at the expense of the Company; (ii) unlawful conduct or gross misconduct that is willful and deliberate on Optionee's part and that, in either event, is materially injurious to the Company; (iii) the conviction of Optionee of a felony; or (iv) material breach by Optionee of any terms and conditions of any consulting, services, advisory board, confidentiality, employment for Cause or if it is determined non-competition/non-solicitation agreement between the Optionee and the Company not caused by the Company Company, which breach has not been cured by Optionee within ten days after termination of the Optionee's employment by the Optionee, such as Optionee's resignation, that Cause existed for termination by written notice thereof to Optionee from the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 Section 17 of the Plan. In no event may anyone exercise the this Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company. View More
Expiration. The This Option will shall expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which (which date shall not be later than ten years after the date of grant]; grant or, if the Optionee owns or is deemed to own stock possessing more than 10% of the combined voting power of all classes of stock of the Company, five years after the date of grant); (b) The expiration of the period after the termination of employment of the Optionee... within which the Option can be exercised (as specified in Section 7 of this Agreement); (c) At the election of the Company, upon termination Termination of the Optionee's employment for Cause Cause. "Cause" shall be deemed to exist upon (i) an act or if it acts of dishonesty undertaken by Optionee and intended to result in substantial gain or personal enrichment of Optionee at the expense of the Company; (ii) unlawful conduct or gross misconduct that is determined willful and deliberate on Optionee's part and that, in either event, is materially injurious to the Company; (iii) the conviction of Optionee of a felony; or (iv) material breach by Optionee of any terms and conditions of any employment or non-competition/non-solicitation agreement between the Optionee and the Company not caused by the Company Company, which breach has not been cured by Optionee within ten days after termination of the Optionee's employment by the Optionee, such as Optionee's resignation, that Cause existed for termination by written notice thereof to Optionee from the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 Section 17 of the Plan. In no event may anyone exercise the this Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company. View More
Expiration. The This Option will shall expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which date shall not be later than ten years after the date of grant]; Agreement; (b) The expiration of the period after the termination of employment of the Optionee within which the Option can be exercised (as specified in Section 7 of this Agreement); (c) At the election of the Company, upon termination Termination of the Optionee's employment f...or Cause Cause. "Cause" shall be deemed to exist upon (i) an act or if it acts of dishonesty undertaken by Optionee and intended to result in substantial gain or personal enrichment of Optionee at the expense of the Company; (ii) unlawful conduct or gross misconduct that is determined willful and deliberate on Optionee's part and that, in either event, is materially injurious to the Company; (iii) the conviction of Optionee of a felony; or (iv) material breach by Optionee of any terms and conditions of any employment or non-competition/non-solicitation agreement between the Optionee and the Company not caused by the Company Company, which breach has not been cured by Optionee within ten days after termination of the Optionee's employment by the Optionee, such as Optionee's resignation, that Cause existed for termination by written notice thereof to Optionee from the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 Section 17 of the Plan. In no event may anyone exercise the this Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company. View More
Expiration. The Option will expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which date shall not be later than ten years after the date of grant]; Agreement; (b) The expiration of the period after the termination of employment Service of the Optionee to the Company within which the Option can be exercised (as specified in Section 7 of this Agreement); (c) At the election of the Company, upon termination of the Optionee's employment S...ervice to the Company for Cause or if it is determined by the Company within ten days after termination of the Optionee's employment by Service to the Optionee, such as Optionee's resignation, that Cause existed for termination by the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 of the Plan. In no event may anyone exercise the Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company.View More
Expiration. The Option will shall expire at 5:00 p.m. Central Time on the earliest of: (a) The expiration date specified at the beginning of this Agreement [which (which date shall not be later than ten years after the date of grant]; grant or, if the Optionee owns or is deemed to own stock possessing more than 10% of the combined voting power of all classes of stock of the Company, five years after the date of grant) or thereafter agreed upon with the Optionee; (b) The expiration of the period after the te...rmination of employment of the Optionee within which the Option can be exercised (as specified in Section 7 of this Agreement); Agreement), provided that the Committee may extend any such period following the termination of employment during which the Option can be exercised; (c) At the election of the Company, upon termination of the Optionee's employment for Cause or if it is determined by the Company within ten days after termination of the Optionee's employment by the Optionee, such as Optionee's resignation, that Cause existed for termination by the Company; or (d) The date (if any) fixed for cancellation pursuant to paragraph 11(c) or 12 of the Plan. In no event may anyone exercise the Option, in whole or in part, after it has expired, notwithstanding any other provision of this Agreement. In addition, if the Option is exercised, and prior to the delivery of the certificate representing the Shares so purchased, it is determined that Cause for termination existed, then the Company may rescind the Option exercise by the Optionee and the Option shall terminate at the election of the Company. View More
