Common use of Lapse of Options Clause in Contracts

Lapse of Options. If none of the options provided for in this Section 4 have been timely exercised, then such options shall expire, but all of the provisions of this Agreement shall apply to any future Disposition or Proposed Disposition of Stock owned or held by the Selling Shareholder.

Lapse of Options. If none of the options provided for in this Section 4 9 have been timely exercised, then such options shall expire, but all of the provisions of this Agreement shall apply to any future Disposition or Proposed Disposition of Stock owned or held by the Selling Shareholder.