Grouped Into 37 Collections of Similar Clauses From Business Contracts
This page contains Term of Options clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Term of Options. The term of each Option granted herein shall be for a term of up to five (5) years from the Grant Date.
Term of Options. The stated expiration date of the option shall be the fifth (5th) anniversary of the date hereof, subject to earlier termination as provided under the Agreement.
Term of Options. The stated expiration date of the option shall be the fifth (5th) anniversary of the date hereof, subject to earlier termination as provided under the Agreement. hereof.
Term of Options. The Option must be exercised prior to the close of the New York Stock Exchange ("NYSE") on the day before the tenth anniversary of the Grant Date (the "Expiration Date"), subject to earlier termination or cancellation as provided below. If the NYSE is not open for business on the Expiration Date, the Option will expire at the close of the NYSE on the business day immediately preceding the Expiration Date.
Term of Options. The Option must be exercised prior to the close of the New York Stock Exchange ("NYSE") on the day before the tenth anniversary of the Grant Date (the "Expiration Date"), [EXPIRATION DATE], subject to earlier termination or cancellation as provided below. If the NYSE is not open for business on the Expiration Date, expiration date specified, the Option will expire at the close of the NYSE on the business day immediately preceding the Expiration Date. [EXPIRATION DATE].
Term of Options. (a) General Rule. Subject to paragraphs (b) and (c) below, to the extent vested, the Option shall be exercisable for [●] from the date of this Agreement, including after the acceleration of vesting resulting from a Sale Transaction pursuant to Section 3(b) or a mandatory retirement pursuant to Section 3(c). (b) Termination of Service (Other Than Upon Death or Disability). Upon the termination of the service of Optionee to the Company or its subsidiaries for any reason other than a termination ar...ising by virtue of Optionee's death or disability (which situation is governed by paragraph (c) below), Optionee may exercise the Option to the extent vested at the termination of service, but such right shall expire upon the earlier of (i) three months after the termination of service, or (ii) the expiration of the Option. (c) Termination of Service as an Officer or Director Due to Death or Disability. If Optionee is an officer or director of the Company or its subsidiaries, then, upon the termination of service of Optionee to the Company or its subsidiaries due to the death or disability of Optionee, (i) the entirety of this Option shall immediately thereupon vest to the extent not then-already vested, and (ii) Optionee or his or her legal representative may exercise the Option until the earlier of (A) 12 months after the death or disability of Optionee, as applicable, or (B) the expiration of the Option. (d) Termination of Service as a Consultant Due to Death or Disability. If Optionee is a consultant to the Company or its subsidiaries (but not an officer or director), then, upon the termination of service of Optionee to the Company or its subsidiaries due to the death or disability of Optionee, Optionee or his or her legal representative may exercise the Option to the extent vested at the termination of service through the earlier of (i) three months after the death or disability of Optionee, as applicable, or (ii) the expiration of the Option. 2 5. Method of Exercising Option. Subject to the terms and conditions of this Agreement and the Plan, the Option may be exercised, in whole or in part, by giving written notice to the Company specifying the number of Shares to be purchased and accompanied by the full purchase price for such shares (which written notice may be in the form of Notice of Exercise attached hereto). The Exercise Price shall be payable: (a) in United States dollars upon exercise of the Option and may be paid by cash, uncertified or certified check or bank draft; (b) by delivery of shares of common stock in payment of all or any part of the option price, which shares shall be valued for this purpose at the Fair Market Value (as such term is defined in the Plan) on the date on which the Option is exercised; or (c) at Optionee's election, by instructing the Company to withhold from the Shares issuable upon exercise of the Option shares of common stock in payment of all or any part of the exercise price (and/or any related withholding tax obligations, if permissible under applicable law), which shares shall be valued for this purpose at the Fair Market Value or in such other manner as may be authorized from time to time by the Company's board of directors or a compensation committee thereof. Any such notice shall be deemed given when received by the Company at the address provided in Section 10. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and non-assessable.View More
Term of Options. (a) General Rule. Subject to paragraphs (b) and (c) below, to the extent vested, the Option shall be exercisable for [●] 10 years from the date of this Agreement, including after the acceleration of vesting resulting from a Sale Transaction pursuant to Section 3(b) 2(b) or a mandatory retirement pursuant to Section 3(c). 2(c). (b) Termination of Service (Other Than Upon Death or Disability). Upon the termination of the service of Optionee to the Company or its subsidiaries for any reason other t...han a termination arising by virtue of Optionee's death or disability (which situation is governed by paragraph (c) below), below) and other than a mandatory retirement (which situation is governed by paragraph (a) above), Optionee may exercise the Option to the extent vested at the termination of service, but such right shall expire upon the earlier of (i) three months after the termination of service, or (ii) the expiration of the Option. (c) Termination of Service as an Officer or Director Due to Death or Disability. If Optionee is an officer or director of the Company or its subsidiaries, then, upon Upon the termination of service of Optionee to the Company or its subsidiaries due to the death or disability of Optionee, (i) the entirety of this Option shall immediately thereupon vest to the extent not then-already vested, and (ii) Optionee or his or her legal representative may exercise the Option until the earlier of (A) 12 months after the death or disability of Optionee, as applicable, or (B) the expiration of the Option. (d) Termination of Service as a Consultant Due to Death or Disability. If Optionee is a consultant to the Company or its subsidiaries (but not an officer or director), then, upon the termination of service of Optionee to the Company or its subsidiaries due to the death or disability of Optionee, Optionee or his or her legal representative may exercise the Option to the extent vested at the termination of service through the earlier of (i) three months after the death or disability of Optionee, as applicable, or (ii) the expiration of the Option. 2 5. 3 4. Method of Exercising Option. Subject to the terms and conditions of this Agreement and the Plan, Employment Agreement, the Option may be exercised, in whole or in part, by giving written notice to the Company specifying the number of Shares to be purchased and accompanied by the full purchase price for such shares (which written notice may be in the form of Notice of Exercise attached hereto). The Exercise Price shall be payable: (a) in United States dollars upon exercise of the Option and may be paid by cash, uncertified or certified check or bank draft; (b) by delivery of shares of common stock in payment of all or any part of the option price, which shares shall be valued for this purpose at the Fair Market Value (as such term is defined in the Plan) on the date on which the Option is exercised; or (c) at Optionee's election, by instructing the Company to withhold from the Shares issuable upon exercise of the Option shares of common stock in payment of all or any part of the exercise price (and/or any related withholding tax obligations, if permissible under applicable law), which shares shall be valued for this purpose at the Fair Market Value or in such other manner as may be authorized from time to time by the Company's board of directors or a compensation committee thereof. Any such notice shall be deemed given when received by the Company at the address provided in Section 10. 9. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and non-assessable. View More
Term of Options. The Option shall terminate on the ten year anniversary from the Date of Grant (as defined in the Certificate), but shall be subject to earlier termination as provided herein or in the Plan. If the Optionee ceases to be an employee of the Company or of an Affiliate (for any reason other than the death or Disability of the Optionee or termination by the Optionee's employer for Cause), the Option may be exercised to the extent then vested at termination, if it has not previously terminated, within ...ninety (90) days after the date the Optionee ceases to be an employee of the Company or an Affiliate, at such time as may be specified by the Board at or after the time of grant or within the originally prescribed term of the Option, whichever is earlier, but may not be exercised thereafter In the event the Optionee's employment is terminated by the Optionee's employer for Cause, the Optionee's right to exercise any unexercised portion of this Option shall cease as of such termination, and this Option shall thereupon terminate. Notwithstanding anything herein to the contrary, if subsequent to the Optionee's termination as an employee, but prior to the exercise of the Option, the Board determines that, either prior or subsequent to the Optionee's termination, the Optionee engaged in conduct which would constitute Cause, then the Optionee shall immediately cease to have any right to exercise the Option and this Option shall thereupon terminate. In the event of the Disability of the Optionee, as determined in accordance with the Plan, or if the Optionee is determined to be disabled under the Company's long-term disability plan, the Option shall be exercisable to the extent then vested at Disability within one (1) year after the termination of Optionee's employment or, if earlier, within the term originally prescribed by the Option. In the event of the death of the Optionee while an employee of the Company or of an Affiliate, the Option shall be exercisable to the extent vested at death by the Optionee's Survivors within one (1) year after the date of death of the Optionee or, if earlier, within the originally prescribed term of the Option.View More
Term of Options. The Option shall terminate on the ten year anniversary from the Date of Grant (as defined in the Certificate), but shall be subject to earlier termination as provided herein or in the Plan. If the Optionee ceases to be an employee of the Company or of an Affiliate (for any reason other than the death or Disability of the Optionee or termination by the Optionee's employer for Cause), the Option may be exercised to the extent then vested at termination, if it has not previously terminated, within ...ninety (90) days after the date the Optionee ceases to be an employee of the Company or an Affiliate, at such time as may be specified by the Board at or after the time of grant or within the originally prescribed term of the Option, whichever is earlier, but may not be exercised thereafter In the event the Optionee's employment is terminated by the Optionee's employer for Cause, the Optionee's right to exercise any unexercised portion of this Option shall cease as of such termination, and this Option shall thereupon terminate. Notwithstanding anything herein to the contrary, if subsequent to the Optionee's termination as an employee, but prior to the exercise of the Option, the Board determines that, either prior or subsequent to the Optionee's termination, the Optionee engaged in conduct which would constitute Cause, then the Optionee shall immediately cease to have any right to exercise the Option and this Option shall thereupon terminate. In the event of the Disability of the Optionee, as determined in accordance with the Plan, or if the Optionee is determined to be disabled under the Company's long-term disability plan, the Option shall be exercisable to the extent then vested at Disability within one (1) year after the termination of Optionee's employment or, if earlier, within the term originally prescribed by the Option. In the event of the death of the Optionee while an employee of the Company or of an Affiliate, the Option shall be exercisable to the extent vested at death by the Optionee's Survivors within one (1) year after the date of death of the Optionee or, if earlier, within the originally prescribed term of the Option. In the event of a Change in Control (other than an IPO), this Option shall thereupon terminate. For purposes of this Agreement, "Change in Control" means any of the following: (i) any Person or Group (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934) (other than a Person or Group which is a shareholder of the Company on March 17, 2010) is or becomes the beneficial owner, directly or indirectly, through a purchase, merger or other acquisition transaction or series of transactions, of capital stock of the Company entitling such Person or Group to control 50% or more of the total voting power of the capital stock of the Company entitled to vote generally in the election of directors, where any voting capital stock of which such Person or Group is the beneficial owner that are not then outstanding are deemed outstanding for purposes of calculating such percentage; other than in connection with the Company's issuance of its capital stock in a bona-fide financing transaction the proceeds of which are to be utilized for its general corporate purposes (including without limitation the retirement or repayment of outstanding debt obligations), or (ii) any sale or transfer of all or substantially all of the assets of the Company to another Person. "Person" means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or any other entity, including a governmental entity or any department, agency or political subdivision thereof. View More
Term of Options. The Option shall terminate ____ years from the date of this Agreement, but shall be subject to earlier termination as provided herein or in the Plan. If the Non-Employee Director ceases to be a director of the Company or of an Affiliate (for any reason other than the death or Disability of the Non-Employee Director or termination of the Non-Employee Director for "cause" (as defined in the Plan), the Option may be exercised, if it has not previously terminated, within three months after the date ...the Non-Employee Director ceases to be a director of the Company or of an Affiliate, or within the originally prescribed term of the Option, whichever is earlier, but may not be exercised thereafter. In such event, the Option shall be exercisable only to the extent that the Option has become exercisable and is in effect at the date of such cessation of service. Notwithstanding the foregoing, in the event of the Non-Employee Director's Disability (as determined in accordance with the Plan) or death, the Non-Employee Director or the Non-Employee Director's Survivors may exercise the Option within the earlier of (1) one year after the date of the Non-Employee Director's termination of service due to Disability or death, or (2) if earlier, the date of expiration of the term of the Option as originally prescribed in the Option In the event the Non-Employee Director's service is terminated by the Company or by an Affiliate for "cause" (as defined in the Plan), the Non-Employee Director's right to exercise any unexercised portion of this Option shall cease immediately as of the time the Non-Employee Director is notified his or her service is terminated for "cause," and this Option shall thereupon terminate. Notwithstanding anything herein to the contrary, if subsequent to the Non-Employee Director's termination, but prior to the exercise of the Option, the Board of Directors of the Company determines that, either prior or subsequent to the Non-Employee Director's termination, the Non-Employee Director engaged in conduct which would constitute "cause" (as defined in the Plan), then the Non-Employee Director shall immediately cease to have any right to exercise the Option and this Option shall thereupon terminate. 1 5. METHOD OF EXERCISING OPTION. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Section 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Non-Employee Director and if the Non-Employee Director shall so request in the notice exercising the Option, shall be registered in the Company's share register in the name of the Non-Employee Director and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Non-Employee Director, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.View More
Term of Options. The Option shall terminate ____ ten years from the date Date of this Agreement, Grant, but shall be subject to earlier termination as provided herein or in the Plan. If the Non-Employee Director ceases to be a director of the Company or of an Affiliate (for any reason other than the death or Disability of the Non-Employee Director or termination of the Non-Employee Director for "cause" Cause (as defined in the Plan), Plan)), the Option may be exercised, if it has not previously terminated, withi...n three months one year after the date the Non-Employee Director ceases to be a director of the Company or of an Affiliate, Company, or within the originally prescribed term of the Option, whichever is earlier, but may not be exercised thereafter. In such event, the Option shall be exercisable only to the extent that the Option has become exercisable and is in effect at the date of such cessation of service. Notwithstanding service and the foregoing, in the event of the Non-Employee Director's Disability (as determined in accordance with the Plan) or death, the Non-Employee Director or the Non-Employee Director's Survivors may exercise the Option within the earlier of (1) one year after the date of the Non-Employee Director's termination of service due to Disability or death, or (2) if earlier, the date of expiration of the term unvested portion of the Option as originally prescribed in the Option shall terminate. In the event the Non-Employee Director's service is terminated by the Company or by an Affiliate for "cause" Cause (as defined in the Plan), the Non-Employee Director's right to exercise any unexercised portion of this Option shall cease immediately as of the time the Non-Employee Director is notified his or her service is terminated for "cause," Cause, and this Option shall thereupon terminate. Notwithstanding anything herein to the contrary, if subsequent to the Non-Employee Director's termination, but prior to the exercise of the Option, the Board of Directors of the Company determines that, either prior or subsequent to the Non-Employee Director's termination, the Non-Employee Director engaged in conduct which would constitute "cause" (as defined in the Plan), Cause, then the Non-Employee Director shall immediately cease to have any right to exercise the Option and this Option shall thereupon terminate. 1 5. METHOD OF EXERCISING OPTION. Subject to In the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment event of the purchase price for such Shares shall be made Disability of the Non-Employee Director, as determined in accordance with Section 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if Plan, the Option shall be exercisable within one year after the Non-Employee Director's termination of service or, if earlier, within the term originally prescribed by the Option. In such event, the Option shall be exercisable: (a) to the extent that the Option has become exercisable but has not been exercised by as of the date of Disability; and (b) in the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion through the date of Disability of any additional vesting rights that would have accrued on the next vesting date had the Non-Employee Director and if not become Disabled. The proration shall be based upon the Non-Employee Director shall so request number of days accrued in the notice exercising current vesting period prior to the Option, shall be registered in date of Disability. In the Company's share register in event of the name death of the Non-Employee Director and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order while a director of the person exercising the Option. In the event Company, the Option shall be exercised, pursuant to Section 4 hereof, exercisable by any person other than the Non-Employee Director, Director's Survivors within one year after the date of death of the Non-Employee Director or, if earlier, within the originally prescribed term of the Option. In such notice event, the Option shall be accompanied by appropriate proof exercisable: 2 (x) to the extent that the Option has become exercisable but has not been exercised as of the right date of such person death; and (y) in the event rights to exercise the Option. All Shares Option accrue periodically, to the extent of a pro rata portion through the date of death of any additional vesting rights that would have accrued on the next vesting date had the Non-Employee Director not died. The proration shall be purchased based upon the exercise number of days accrued in the Option as provided herein shall be fully paid and nonassessable. current vesting period prior to the Non-Employee Director's date of death. View More
Term of Options. The Option shall terminate in any event on the earliest of (a) the [day before the 6 year anniversary of grant] at 11:59 PM, (b) the expiration of the period described in Paragraph 7 below, (c) the expiration of the period described in Paragraph 8 below, (d) the expiration of the period described in Paragraph 9 below, or (e) in connection with certain corporate events as provided in Section 7.2 of the Plan. 7. Exercise Following Termination of Service. If the Optionee's service with the Corporat...ion terminates for any reason, or no reason, whether voluntarily or involuntarily, with or without cause, other than death, disability or retirement, any portion of the Option granted hereunder held by such person which is not then vested and exercisable shall terminate and any portion of the Option which is then vested and exercisable may be exercised within thirty (30) consecutive days after the date of such cessation of service.View More
Term of Options. The Option shall terminate in any event on the earliest of (a) the [day before the 6 year anniversary of grant] at 11:59 PM, (b) the expiration of the period described in Paragraph 7 Section 8 below, (c) the expiration of the period described in Paragraph 8 below, (d) the expiration of the period described in Paragraph Section 9 below, or (e) (d) in connection with certain corporate events as provided in Section 7.2 of the Plan. 7. Plan.. 8. Exercise Following Termination Cessation of Service. I...f the Optionee's service with the Corporation terminates for any reason, or no reason, whether voluntarily or involuntarily, with or without cause, other than death, disability or retirement, board retirement (as defined below), any portion of the Option granted hereunder held by such person which is not then vested and exercisable shall terminate and any portion of the Option which is then vested and exercisable may be exercised within thirty (30) ninety (90) consecutive days after the date of such cessation or until the expiration of service. the stated term of the Option, whichever period is shorter. View More
Term of Options. This Agreement and the terms of the Option hereunder shall commence on the date hereof (the "Date of Grant") and, unless previously terminated pursuant to this Agreement, the Option shall terminate upon the expiration of ten (10) years from the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder with respect to the Option shall cease.
Term of Options. This Agreement and the terms The term of the Option hereunder and of this Agreement shall commence on the date hereof (the "Date Date of Grant") Grant and, unless previously terminated pursuant to this Agreement, the Option shall terminate upon the expiration of ten (10) years from the Date of Grant. Grant (the "Option Term"). Upon the termination of the Option, all rights of the Optionee Grantee hereunder with respect to the Option shall cease.
Term of Options. The term of the Options (the "Term") shall commence on the Grant Date and shall expire, and all rights hereunder to purchase the Shares shall terminate, on the three-year anniversary date of the Grant Date (the "Option Expiration Date"). Nothing contained herein shall be construed to interfere in any way with the right of the Company to terminate Participant as a consultant to the Company or remove him as a member of the Board, or to increase or decrease the compensation paid to Participant from... the rate in effect as of the date hereof.View More
Term of Options. The term of the Options Option (the "Term") shall commence on the Grant Date and shall expire, and all rights hereunder to purchase the Option Shares shall terminate, on the three-year six-year anniversary date of the Grant Date (the "Option Expiration Date"). Nothing contained herein shall be construed to interfere in any way with the right of the Company to terminate Participant as a consultant counsel to the Company or remove him as a member of the Board, or to increase or decrease the compen...sation paid to Participant from the rate in effect as of the date hereof. View More
Term of Options. Unless otherwise explicitly provided in an Award Agreement, if any Option, or any part thereof, has not been exercised and the Shares covered thereby not paid for within ten (10) years after the date on which the Option was granted, as set forth in the Award Agreement (or any other period set forth in the instrument granting such Option pursuant to Section 6), such Option, or such part thereof, and the right to acquire such Shares shall terminate, all interests and rights of the Participant in a...nd to the same shall expire, and, in the event that in connection therewith any Shares are held in trust as aforesaid, such trust shall expire.View More
Term of Options. Unless otherwise explicitly provided in Anything herein to the contrary notwithstanding, but without derogating from the provisions of Section 10 and Section 13.2(b)(iii) (reflecting the Administrator's ability to extend the term of an Award Agreement, Option within a period of ten years from the date of grant) hereof, if any Option, or any part thereof, has not been exercised and the Shares covered thereby not paid for within ten (10) seven (7) years after the date on which the Option was grant...ed, as set forth in the Award Agreement (or any other period set forth in the instrument granting such Option pursuant to Section 6), 6 hereof), such Option, or such part thereof, and the right to acquire such Shares shall terminate, all interests and rights of the Participant in and to the same shall expire, and, in the event that in connection therewith any Shares are held in trust as aforesaid, such trust shall expire. View More
