Term of Options Clause Example from Business Contracts

This example Term of Options clause appears in 5 contracts from 4 companies

Term of Options. The Option will in any event expire on the expiration date set forth in the Notice, which date is ten (10) years after the Date of Grant (five (5) years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies).