Term of Options Clause Example with 6 Variations from Business Contracts
This page contains Term of Options 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.
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 (b) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termi...nation is due to Optionee's death or if death occurs during the three-month period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 below.View More
Variations of a "Term of Options" Clause from Business Contracts
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the (a)the expiration of ten (10) years from the date of this Agreement; 1 (b) the Grant Date; (b)the expiration of one (1) year six (6) months from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability the Disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) the Optionee; (c)the expiration of one (1) year si...x (6) months from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during the three-month thirty day period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) the 2 (d)the expiration of three (3) months thirty (30) days from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, Disability or cause; death; provided, however, that if Optionee dies during such three-month thirty (30) day period the provisions of Section 3(c) above shall apply; (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon (e)upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 11 below. View More
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 Grant Date;2 (b) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability Disability of the Optionee (as defined in Section 22(e)(3) of the Code); Optionee; (c) the expiration of one (1) year from the date of termination of Optionee'...s Continuous Service if such termination is due to Optionee's death or if death occurs during either the three-month or thirty (30) day period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; or 3(e), as the case may be; (d) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, Disability, death, voluntary resignation or cause; Cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; 2 If Optionee is a 10% Stockholder (as defined in the Plan) as of the Grant Date, and to the extent that the Option is an Incentive Option, the Option will expire five (5) years from the Grant Date. (e) the expiration of thirty (30) days from the date of termination of Optionee's Continuous Service if such termination occurs due to voluntary resignation; provided, however, that if Optionee dies during such thirty (30) day period the provisions of Section 3(c) shall apply; or (f) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 below. Cause. View More
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; Grant Date; 1 (b) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability Disability of the Optionee (as defined in Section 22(e)(3) of the Code); Optionee; (c) the expiration of one (1) year from the date of termination of Optionee's... Continuous Service if such termination is due to Optionee's death or if death occurs during either the three-month or ninety (90) day period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; or 3(e) below, as the case may be; 1 If Optionee is a 10% Stockholder (as defined in the Plan) as of the Grant Date, and the Option is an Incentive Option, the Option will expire five (5) years from the Grant Date, unless terminated earlier as provided in the Option Agreement. 2 (d) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, Disability, death, voluntary resignation or cause; Cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the expiration of ninety (90) days from the date of termination of Optionee's Continuous Service if such termination occurs due to voluntary resignation; provided, however, that if Optionee dies during such ninety (90) day period the provisions of Section 3(c) above shall apply; (f) the termination of Optionee's Continuous Service, if such termination is for cause; Cause; or (f) (g) upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 11 below. View More
Term of Options. The Optionee's right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 or (b) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent Disability, death or for Cause (as defined in Section 9 below); provided, however, that if Optionee dies during such three-month period the pr...ovisions of Section 3(d) below shall apply; or (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to the permanent disability Disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) Optionee; or (d) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during the three-month period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) 3(b) above, as the expiration case may be; or 1 Note to Draft: The vesting schedule may be changed to reflect the actual terms of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; award. (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon the consummation of a "Change Change in Control" (as defined in Section 2.4 of the Plan), Control, unless otherwise provided pursuant to Section 10 below. 9 below; or (f) the termination of Optionee's Continuous Service for Cause. View More
Term of Options. The Optionee's right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 or (b) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent Disability, death or for Cause (as defined in Section 8 below); provided, however, that if Optionee dies during such three-month period the pr...ovisions of Section 3(d) below shall apply; or (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to the permanent disability Disability of Optionee; or 1 Note to Draft: The vesting schedule may be changed to reflect the actual terms of the Optionee (as defined in Section 22(e)(3) of the Code); (c) award. (d) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during the three-month period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) 3(b) above, as the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, case may be; or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon the consummation of a "Change Change in Control" (as defined in Section 2.4 of the Plan), Control, unless otherwise provided pursuant to Section 10 below. 8 below; or (f) the termination of Optionee's Continuous Service for Cause. View More
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 (b) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death or voluntary resignation; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(e) below sha...ll apply; (c) the expiration of one (1) month from the date of termination of Optionee's Continuous Service if such termination occurs due to voluntary resignation; provided, however, that if Optionee dies during such one-month period the provisions of Section 3(e) below shall apply; (d) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) (e) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during either the three-month or one-month period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) 3(b) or 3(c) above, as the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the termination of Optionee's Continuous Service, if such termination is for cause; case may be; or (f) upon the consummation of a "Change Change in Control" (as defined in Section 2.4 Control, unless such Option is otherwise assumed or replaced with a new option of the Plan), unless otherwise provided comparable value or other New Incentives pursuant to Section 10 8 below. View More
