Life of Option Sample Clauses

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Life of Option. Except for the right to exercise the Option (to the extent vested) for the period provided in § 2(d) following the termination of Optionee’s employment, Optionee shall have the right to exercise this Option (to the extent it is vested under the vesting schedule in § 2(a) on such date) until the earlier of (i) the date that the Option is exercised, cancelled in full or otherwise expires, or (ii) the tenth anniversary of the Grant Date.
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Life of Option. The Option shall expire when exercised in full; provided, however, and subject to Section 5 of this Agreement, the Option (to the extent not exercised and not exercisable) also shall expire immediately and automatically on 10/17/2006 (such date being a date preceding the tenth anniversary of the date of this Agreement) or, if earlier, on the day the Optionee ceases to be a director of the Company, provided that the Company may, in its sole and absolute discretion, extend the exercise period for up to an additional thirty (30) consecutive days following such date (but not beyond the date of automatic expiration).
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Life of Option. The “Option Period” of the Option shall commence on the Grant Date and shall expire on the tenth (10th) anniversary of the Grant Date (the “Expiration Date”), unless terminated earlier in accordance with Section 3 above. This Option shall expire and shall not be exercisable for any reason on or after the Expiration Date.
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Life of Option. This Option shall expire when exercised in full; provided, however, the Option also shall expire immediately and automatically on the earlier of (a) the date which is the eleventh (11th) anniversary of the Date of Grant, (b) the end of the three (3) month period which begins on the date Optionee's employment by the Company or any parent or subsidiary corporation of the Company terminates for any reason, other than as a result of the death or disability (within the meaning of Section 22(e)(3) of the Code) of Optionee or as a result of a Change of Control event described in Section 14.1 of the Plan, (c) the end of the six (6) month period which begins on the date Optionee's employment by the Company or any parent or subsidiary corporation of the Company terminates for reasons of death or disability (within the meaning of Section 22(e)(3) of the Code) of Optionee, (d) upon the consummation of a Change of Control event described in Section 14.1(1), (2) or (3) of the Plan, or (e) the end of the six (6) month period which begins on the date Optionee's employment by the Company or any parent or subsidiary corporation of the Company terminates as a result of a Change of Control event described in Section 14.1(4) or (5) of the Plan.
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Life of Option. After an Exercise Event described in Section 3(b) occurs, or in the case of the right to exercise as provided in Section 3(e) due to a termination of employment, Optionee shall have the right to exercise this Option (to the extent it is vested under the vesting schedule in Section 3(a) on such date) until the earlier of (i) the date that the Option is exercised, cancelled in full or otherwise expires, or (ii) the tenth anniversary of the Grant Date.
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Life of Option. The Option shall expire when exercised in full; provided, however, and subject to Section 5 of this Agreement, the Option (to the extent not exercised and not exercisable) also shall expire immediately and automatically on October 15, 2006 (such date being a date preceding the tenth anniversary of the date of this Agreement).
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Life of Option. This Option, to the extent then still in effect, shall expire and shall not be exercisable for any reason on or after the tenth anniversary of the Grant Date.
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Life of Option 
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Related to Life of Option

  • ▇▇▇▇▇ of Option The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

  • Type of Option This Option is a Non-Qualified Stock Option.

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Term of Options Unless the Options terminate earlier pursuant to the provisions of this Agreement or the Plan, the Options shall expire on the seventh (7th) anniversary of the Grant Date (“Option Expiration Date”).

  • Duration of Option The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.