Common use of Expiry of Option Clause in Contracts

Expiry of Option. If an Option expires or terminates for any reason without having been exercised in full, the unpurchased Shares subject thereto shall again be available for the purposes of the Plan.

Appears in 3 contracts

Sources: Stock Option Agreement (Brazil Potash Corp.), 1995 Stock Option Plan (Metrowerks Inc /Tx/), Stock Exchange Agreement (Great Bear Investments Inc)