Exercise Periods Sample Clauses
The "Exercise Periods" clause defines the specific timeframes during which a party may exercise certain rights or options granted under an agreement, such as purchasing shares, renewing a contract, or invoking a right of first refusal. Typically, this clause will outline the start and end dates of the exercise window, any conditions that must be met before the period begins, and the procedures for notifying the other party of the intent to exercise the right. Its core practical function is to provide clear boundaries and expectations for when rights can be exercised, thereby preventing disputes and ensuring both parties are aware of their respective obligations and opportunities.
Exercise Periods. 8 SECTION 3.3 Expiration......................................................8 SECTION 3.4
Exercise Periods. (a) Subject to the terms and conditions set forth herein, the Warrants shall be exercisable at any time and from time to time on any Business Day after the first anniversary of the Issue Date; provided, however, that holders of Warrants will be able to exercise their Warrants only if (i) the Common Shelf Registration Statement relating to the Warrant Shares is effective or (ii) the exercise of such Warrants is exempt from the registration requirements of the Securities Act, and the Warrant Shares are qualified for sale or exempt from qualification under the applicable securities laws of the states or other jurisdictions in which such Holders reside.
(b) No Warrant shall be exercisable after July 15, 2008 (the "Expiration Date").
Exercise Periods. (a) Subject to the terms and conditions set forth herein, each Warrant shall be exercisable at any time or from time to time on or after the Plan Effective Date.
(b) No Warrant shall be exercisable after 5:00 p.m., New York City time, on the Expiration Date.
Exercise Periods. Each Option shall terminate at 5:00 p.m. (Eastern ---------------- standard time) on the [fourth] anniversary of December 31st of each year in which the Options were granted.
Exercise Periods. (a) Subject to the terms and conditions set forth herein, the Warrants shall be exercisable at any time and from time to time on or after the Issue Date.
(b) No Warrant shall be exercisable after [ , 2022]1 or, if not a Trading Day, the next subsequent Trading Day (the “Expiration Date”).
Exercise Periods. Subject to the terms of this Agreement, the Option shall become exercisable, in whole or in part, only at the times and during the periods and for the number of Shares set forth below:
(a) On or after ________________, but no later than _______________, __________ Shares;
(b) On or after ________________, but no later than _______________, __________ Shares;
(c) On or after ______________, but no later than _______________, __________ Shares; and
(d) On or after ______________, but no later than ______________, ___________ Shares.
Exercise Periods. At any time from and after the date of this Warrant and until 5:00 p.m., New York City time, on the Expiration Date, the Holder may exercise this Warrant, subject to required regulatory approval (other than in connection with any such exercise and contemporaneous sale by the Holder of the applicable shares of Common Stock issued upon exercise of the Warrant), if any, on any Business Day, for all or any part of the number of shares of Common Stock purchasable hereunder.
Exercise Periods. (a) Subject to the terms and conditions set forth in this Agreement, the Warrants shall be exercisable, in whole or in part, at any time and from time to time on or after the Closing Date.
(b) Reserved.
Exercise Periods. (a) The Shares Option shall be exercisable for a period commencing on the date of ABL’s death (the “Shares Option Exercise Commencement Date”) and expiring at 5:00 PM, Eastern time, on the later of (i) the date which is six (6) months following the Shares Option Exercise Commencement Date and (ii) if applicable, the date which is ten (10) calendar days following the Grantee’s receipt of the Valuation Statement (as hereinafter defined). Following the expiration of the exercise period described in the preceding sentence or the earlier termination of this Agreement in accordance with Section 7, the Shares Option or the unexercised portion thereof, if any, shall thereupon automatically terminate and be void and will no longer be exercisable.
(b) Each Purchase Right Option shall be exercisable for a period commencing on the date of exercise, if any, of a Purchase Right by a Grantor (the “Purchase Right Option Exercise Commencement Date”) and expiring at 5:00 PM, Eastern time, on the latest of (i) the date which is sixty (60) calendar days following the Purchase Right Option Exercise Commencement Date, (ii) the date which is six (6) months following the Shares Option Exercise Commencement Date, and (iii) if applicable, the date which is ten (10) calendar days following the Grantee’s receipt of the Valuation Statement (as hereinafter defined). Following the expiration of the exercise period described in the preceding sentence or the earlier termination of this Agreement in accordance with Section 7, each Purchase Right Option or the unexercised portion thereof, if any, shall thereupon automatically terminate and be void and will no longer be exercisable. Each Purchase Right Option will also automatically terminate at such time, if any, as the Purchase Right to which it relates expires unexercised by the applicable Grantor.
Exercise Periods. Subject to the terms of this Agreement, the Option shall become exercisable, in whole or in part, only at the times and during the periods and for the number of Shares set forth below:
(a) On or after December 31, 2006, but no later than January 20, 2016, 20,000 Shares;
(b) On or after December 31, 2007, but no later than January 20, 2016, 20,000 Shares;
(c) On or after December 31, 2008, but no later than January 20, 2016, 20,000 Shares;
(d) On or after December 31, 2009, but no later than January 20, 2016, 20,000 Shares, and
(e) On or after December 31, 2010, but no later than January 20, 2016, 20,000 Shares. Provided, however, notwithstanding the above exercise periods, each vesting date of the Option set forth above shall be accelerated one year for each incremental $2.00 that the average of the daily closing sales prices of a share of common stock of the Company on the New York Stock Exchange over a period of 60 consecutive trading days exceeds $18.01 per share during the term of the Option. Provided further, notwithstanding the above exercise periods, the Option may become fully exercisable immediately under certain circumstances set forth in the Plan.