GRANT OF OPTION; OPTION TERM Clause Samples

GRANT OF OPTION; OPTION TERM. Subject to the terms and conditions herein, the Company grants to the Grantee during the period commencing on the Effective Grant Date and expiring at 5:00 p.m., Denver, Colorado time ("Close of Business") on July 11, 2007, the tenth anniversary of the Effective Grant Date (the "Option Term"), subject to earlier termination as provided in paragraphs 9 and 13(b) below, an option to purchase from the Company, at the price per share set forth on Schedule 1 hereto (the "Series A Stock Option Price"), the number of shares of Series A Common Stock of the Company ("Series A Stock") set forth on said Schedule 1 (the "Series A Stock Option Shares"). The Series A Stock Option Price and Series A Stock Option Shares are subject to adjustment pursuant to paragraph 13 below. This option is as a "Nonqualified Stock Option" and is hereinafter referred to as the "Series A Stock Option".
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GRANT OF OPTION; OPTION TERM. The Company hereby grants to Grantee the right and option (the "Option"), on the terms and subject to the conditions set forth herein, to purchase the Option Shares from the Company for a price per Option Share equal to the Option Price. Subject to paragraph 2 hereof, the Option shall be exercisable in whole at any time and in part from time to time during the period commencing on the date hereof and expiring at 5:00 p.m., Denver, Colorado time ("Close of Business") on the tenth anniversary of the Determination Date, or such earlier date as the Option may be terminated pursuant to paragraph 6 hereof (the "Option Term").
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GRANT OF OPTION; OPTION TERM. The Company hereby grants to Grantee the right and option (the "OPTION"), on the terms and subject to the conditions set forth herein, to purchase the Option Shares from the Company for a price per Option Share equal to the Option Price. The Option Price and Option Shares are subject to adjustment pursuant to paragraph 9 below. Subject to paragraph 2, the Option shall be exercisable in whole at any time and in part from time to time during the period commencing on the date hereof and expiring at 5:00 p.m., Denver, Colorado time ("CLOSE OF BUSINESS") on the tenth anniversary of the Determination Date, or such earlier date as the Option may be terminated pursuant to paragraph 6 or paragraph 9(c) (the "OPTION TERM").
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GRANT OF OPTION; OPTION TERM. (a) The Company hereby grants to Grantee the right and option (the "OPTION"), on the terms and subject to the conditions set forth herein, to purchase the Option Shares from the Company for a price per Option Share equal to the Option Price. The Option Price and Option Shares are subject to adjustment pursuant to paragraph 9 below. Subject to paragraph 2, the Option shall be exercisable in whole at any time and in part from time to time during the period commencing on the date hereof and expiring at 5:00 p.m., Denver, Colorado time ("CLOSE OF BUSINESS") on the tenth anniversary of the Determination Date, or such earlier date as the Option may be terminated pursuant to paragraph 6 or paragraph 9(c) (the "OPTION TERM"). (b) The grant of the Option hereunder, together with the grant of SARs by TCI Internet Services (each as defined below), shall be deemed to be in substitution for and replacement of the option to purchase TCI Internet Services Common Stock which was previously granted by TCI Internet Services to Grantee, and the parties acknowledge and agree that such prior option grant is hereby terminated and shall cease to be of any further force and effect.
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GRANT OF OPTION; OPTION TERM. USS hereby grants to Stelco the right to exercise the option (the “Option”) to purchase the Option Interest on the terms and subject to the conditions set forth herein and in the Master Agreement. Subject to the termination provisions set forth in Section 10, the Option shall be exercisable by Stelco on the terms and subject to the conditions herein at any time during the period commencing on the Final Payment Date and expiring at 11:59 p.m. Eastern Time on January 31, 2027 or the earlier termination of this Agreement and the Option pursuant to Section 10 (the “Option Term”), which for the avoidance of doubt, shall not be extended or tolled for any reason (including the pendency of any Due Diligence Period or the delivery of an Exercise Notice) (the “Option Termination”).
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GRANT OF OPTION; OPTION TERM. (a) The Company hereby grants to Grantee the right and option (the "OPTION"), on the terms and subject to the conditions set forth herein, to purchase the Option Shares from the Company for a price per Option Share equal to the Option Price. The Option Price and Option Shares are subject to adjustment pursuant to paragraph 9 below. Subject to paragraph 2, the Option shall be exercisable in whole at any time and in part from time to time during the period commencing on the date hereof and expiring at 5:00 p.m., Denver, Colorado time ("CLOSE OF BUSINESS") on the tenth anniversary of the Determination Date, or such earlier date as the Option may be terminated pursuant to paragraph 6 or paragraph 9(c) (the "OPTION TERM"). (b) The grant of the Option hereunder, together with the grant of stock appreciation rights ("CLEC SARS") by TCI Teleport Holdings, Inc. ("TCI TELEPORT") and the grant of stock appreciation rights by TCI Wireless Holdings, Inc. ("TCI WIRELESS"), shall be deemed to be in substitution for and replacement of (i) the option to purchase shares of common stock of TCI Telephony Services, Inc. ("TCI TELEPHONY"), the parent corporation of TCI Teleport and TCI 2 Wireless, (ii) the stock appreciation rights with respect to shares of common stock of TCI Telephony, and (iii) the option to purchase shares of common stock of the Company which were previously granted by TCI Telephony and the Company to Grantee. The parties acknowledge and agree that such prior grants of options and stock appreciation rights are hereby terminated and shall cease to be of any further force and effect.
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GRANT OF OPTION; OPTION TERM. The Company hereby grants to Grantee the right and option (the "OPTION"), on the terms and subject to the conditions set forth herein, to purchase the Option Shares for a price per Option Share equal to the Option Price. TCI hereby agrees to issue the Option Shares to Grantee upon receipt of notice from the Company that the Option has been validly exercised in accordance with paragraph 3. The parties understand and agree that the payment of the Option Price will be credited to the Telephony Group and that the Option Shares issued will reduce the shares of Telephony Group Common Stock available for issuance for the account of the Telephony Group. The Option Price and Option Shares are subject to adjustment pursuant to paragraph 9 below. Subject to paragraph 2, the Option shall be exercisable in whole at any time and in part from time to time during the period commencing on the date hereof and expiring at 5:00 p.m., Denver, Colorado time ("CLOSE OF BUSINESS") on the tenth anniversary of the Determination Date, or such earlier date as the Option may be terminated pursuant to paragraph 6 or paragraph 9(c) (the "OPTION TERM"). The Option is hereby substituted for the Prior Option and the Prior Option is hereby canceled.
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GRANT OF OPTION; OPTION TERM 
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Related to GRANT OF OPTION; OPTION TERM

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Option Period Pursuant to the Contract, the following are the Adjustment Factors for the term ending October 20, 2023: Date Index 1 August 2019 11311.06 3 October 2019 11326.12 6 January 2020 11392.41 7 February 2020 11396.01 8 March 2020 11396.97 9 April 2020 11412.67 10 May 2020 11418.16 11 June 2020 11436.23 12 July 2020 11439.11 Date Index 1 August 2021 12463.13 2 September 2021 12464.55 3 October 2021 12464.94 4 November 2021 12467.32 5 December 2021 12481.82 6 January 2022 12555.55 7 February 2022 12683.97 8 March 2022 12791.43 9 April 2022 12898.96 10 May 2022 13004.47 11 June 2022 13110.50 12 July 2022 13167.84 Adjustment: Third Year Index Average = 12712.8733 = 1.1168 Base Year Index Average 11383.5283 WA−DC−GC03−100120−SWC Original Adjustment Factor x Adjustment = Adjustment Factor through 10/20/23 Normal Working Hours – Prevailing Wage 1.0378 1.1168 1.1590 Other Than Normal Working Hours – Prevailing Wage 1.0638 1.1168 1.1881 Normal Working Hours – Non−Prevailing Wage 1.0357 1.1168 1.1567 Other Than Normal Working Hours – Non− Prevailing Wage 1.0605 1.1168 1.1844 Non Pre−Priced 1.1627 1.0000 1.1627