Common use of Maximum Term of Option Clause in Contracts

Maximum Term of Option. The Expiration Date of this Option is the date that is ten years from the Date of Grant. This Option may not be exercised on or after the Expiration Date.

Appears in 6 contracts

Sources: Executive Employment Agreement (Wyndham International Inc), Executive Employment Agreement (Wyndham International Inc), Executive Employment Agreement (Wyndham International Inc)

Maximum Term of Option. The Expiration Date of this Option is the date that is ten years from the Date of Grant. This Option Optionee may not be exercised on or after the Expiration Date.

Appears in 2 contracts

Sources: Executive Employment Agreement (Wyndham International Inc), Executive Employment Agreement (Wyndham International Inc)