Common use of Duration of Options Clause in Contracts

Duration of Options. Options may be exercised, upon satisfaction of the conditions specified in Section 1.3, for terms of up to but not exceeding ten (10) years from the date of grant.

Duration of Options. Options may The Option shall be exercised, upon satisfaction exercisable to the extent and in the manner provided herein for a period of the conditions specified in Section 1.3, for terms of up to but not exceeding ten (10) years from the date of grantGrant Date; provided however, that the Option may be terminated earlier as provided in Section 7.