Common use of Maximum Exercise Period Clause in Contracts

Maximum Exercise Period. The maximum period in which an Option may be exercised shall be determined by the Committee on the date of grant except that no Option shall be exercisable after the expiration of 10 years (five years in the case of Incentive Options granted to a Ten Percent Shareholder) from the date it was granted. The terms of any Option may provide that it is exercisable for a shorter period.

Maximum Exercise Period. The maximum period in which an Option may be exercised shall be determined by the Committee on the date of grant except that grant, but in no Option event shall be exercisable after the expiration of 10 such period exceed ten (10) years (five years in the case of Incentive Options granted to a Ten Percent Shareholder) from the date it was granted. The terms of any Option may provide that it is exercisable for a shorter periodgrant of the Option.

Maximum Exercise Period. The maximum period in which an Option a Right may be exercised shall be determined by the Committee on the date of grant except that grant, but in no Option event shall be exercisable after the expiration of 10 such period exceed ten (10) years (five years in the case of Incentive Options granted to a Ten Percent Shareholder) from the date it was granted. The terms of any Option may provide that it is exercisable for a shorter periodgrant of the Right.