Option Term Clause Example with 5 Variations from Business Contracts

This page contains Option Term 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.
Option Term. The term of the Option shall be until the tenth anniversary of the Grant Date, after which time it shall expire (the "Expiration Date"). Upon the Expiration Date, the Option shall be canceled for no consideration and no longer shall be exercisable. The Option is subject to termination prior to the Expiration Date to the extent provided in Sections 5 and 6 below.
Found in 99 CENTS ONLY STORES LLC contract

Variations of a "Option Term" Clause from Business Contracts

Option Term. The term of the Option shall be until February 27, 2019, the tenth anniversary expiration date of the Grant Date, Predecessor Option, after which time it shall expire (the "Expiration Date"). Upon the Expiration Date, the Option shall be canceled for no consideration and no longer shall be exercisable. The Option is subject to termination prior to the Expiration Date to the extent provided in Sections 5 and 6 below.
Found in Smart & Final Stores, Inc. contract
Option Term. The term of the Option shall be until January 27, 2018, the tenth anniversary expiration date of the Grant Date, Predecessor Option, after which time it shall expire (the "Expiration Date"). Upon the Expiration Date, the Option shall be canceled for no consideration and no longer shall be exercisable. The Option is subject to termination prior to the Expiration Date to the extent provided in Sections 5 and 6 below.
Found in Smart & Final Stores, Inc. contract
Option Term. The term of the Option shall be until January 1, 2019, the tenth anniversary expiration date of the Grant Date, Predecessor Option, after which time it shall expire (the "Expiration Date"). Upon the Expiration Date, the Option shall be canceled for no consideration and no longer shall be exercisable. The Option is subject to termination prior to the Expiration Date to the extent provided in Sections 5 and 6 below.
Found in Smart & Final Stores, Inc. contract
Option Term. The term of the Option shall be until April 6, 2017, the tenth anniversary expiration date of the Grant Date, Predecessor Option, after which time it shall expire (the "Expiration Date"). Upon the Expiration Date, the Option shall be canceled for no consideration and no longer shall be exercisable. The Option is subject to termination prior to the Expiration Date to the extent provided in Sections 5 and 6 below.
Found in 2 Contracts from Smart & Final Stores, Inc.
Option Term. The term of the Option shall be until the tenth anniversary of the Grant Date, after which time it shall expire (the "Expiration Date"). Upon the Expiration Date, the Option shall be canceled for no consideration and no longer shall be exercisable. The Option is subject to termination prior to the Expiration Date to the extent provided in Sections 5 2 and 6 10 below.
Found in Pivotal Software, Inc. contract