Common use of Expiration of the Option Clause in Contracts

Expiration of the Option. After the applicable Exercise Period provided above, the Option, if unexercised, shall be forfeited and no longer exercisable (even if the reason Employee has not exercised the Option is because the Option Price exceeded the Fair Market Value of a Share at the Expiration Date).

Appears in 3 contracts

Sources: Stock Option Award Agreement (DST Systems Inc), Stock Option Award Agreement (DST Systems Inc), Stock Option Award Agreement (DST Systems Inc)