Exercise Term Clause Samples

Exercise Term. The Holders may not exercise their registration rights under Article II after the seven-year anniversary of the closing of the Business Combination.

Exercise Term. Subject to Section 1.4 hereof, UARS’ may not be exercised more than five (5) years after the Date of Grant contained in Section 1.1.

Exercise Term. This Option may not be exercised until six (6) months after the Date of Grant, and will expire and may not be exercised after the earliest of the following: (i) the expiration date set out in Section 2 above; or (ii) three (3) months after the date Optionee ceased to be an employee or director of the Company and its Subsidiaries, unless Optionee’s status ended due to death, in which case this Option will expire and may not be exercised more than one (1) year following the date of death.

Exercise Term. Subject to the terms and conditions hereinafter set forth, the Holder shall be entitled to purchase and acquire up to 110 Non-Voting Units (in minimum increments of 5 Non-Voting Units at a time) at any time and from time to time from the date of this Warrant until 5:00 p.m. E.

Exercise Term. This Warrant may be exercised at any time during the Term of this Warrant.

Exercise Term. The Holder may exercise this Warrant, in whole or ------------- in part (but not as to fractional shares), at any time or from time to time during that period (the "Exercise Period") commencing as of the Warrant Effective Date designated on the first page of this Warrant and ending at 5:00 p.m., Pacific Standard Time, on the Warrant Expiration Date designated on the first page of this Warrant. This Warrant shall, to the extent this Warrant is not fully and timely exercised during the Exercise Period, expire and be null and void and of no further force or effect.

Exercise Term. (a) The maximum term during which Options and SARs may be exercised shall be determined by the Board, but in no event shall the Exercise Term of an Option or SAR exceed seven (7) years from the date of its grant, unless the Exercise Term has been extended by a Blackout Exercise Term. (b) Subject to paragraph 3.2(a), the provisions of this Plan and any Award Agreement, Options and SARs may be exercised by means of giving an Exercise Notice addressed to the Company. Where Options or SARs are exercised, they shall be deemed to have been exercised on the date that the Exercise Notice in respect of such Options or SARs is received by the Treasurer or Secretary of the Company at the Company’s head office.

Exercise Term. The Options may be exercised at any time commencing upon the Registration Statement for the IPO's becoming effective (the "Effective Date") until the fifth anniversary of the Effective Date at which anniversary the Options shall terminate (the "Term"); notwithstanding the foregoing, the Options shall be subject to earlier termination as provided below. An Option shall terminate prior to the expiration of the Term upon termination of such Grantee's employment pursuant to the terms of the Employment Agreement between the respective Grantee and Catalina of even date herewith.

Exercise Term. The Holder may not exercise its registration rights under Article II after: (i) the Holder no longer holds any Registrable Securities; and (ii) with respect to any Registrable Securities, seven (7) years after the date such Registrable Securities were issued to Holder.