Option Exercise Date Sample Clauses
The Option Exercise Date clause defines the specific date or time period by which a party must notify the other party of its intention to exercise an option under the agreement. In practice, this clause sets a clear deadline for actions such as purchasing additional shares, extending a lease, or renewing a contract, and may outline the method and form of notice required. Its core function is to provide certainty and structure to the option process, ensuring both parties are aware of their rights and obligations and preventing disputes over timing or validity of the option exercise.
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Option Exercise Date. Each Player’s option exercise date shall be no later than the later of (i) December 1st and (ii) the day after the Player’s Team is eliminated from the playoffs or wins MLS Cup or plays US-Mexico Champions Cup (if applicable), but in no event later than December 16. If the Option Exercise Date is later than December 1st and the Player’s option is not exercised, then the League shall continue to pay the Player and provide health insurance through the date that is thirty-seven (37) days after the Option Exercise Date (e.g., if Option Exercise Date is December 8, 2015, the Player with the non-exercised option will be paid and health insurance will be extended through January 14, 2016).
Option Exercise Date. The term “
Option Exercise Date. The exercise of the Option shall become effective, and the licenses granted under Sections 7.1.2 and 7.2.2 with respect to such Designated Target and the corresponding Collaboration Program shall be in full force and effect, immediately upon Takeda’s payment of the Option Exercise Fee set forth in Section 8.2.2 to Denali (the “Option Exercise Date”).
Option Exercise Date. This Option may be exercised on or before three (3) years from the date of this Agreement.
Option Exercise Date. The last sentence of Section 3(b)(iii) of the Agreement is hereby amended in its entirety to read as follows: Option Holder may exercise the Option by giving written notice (the “Option Exercise Notice”) of the exercise thereof to Option Grantor on or before April 28, 2008 (the “Option Exercise Date”). Section 3(c) is deleted in its entirety.
Option Exercise Date. The deadline for a Club to exercise its options for the 725 upcoming Contract Year may be no later than November 30.
Option Exercise Date. Section 2(c) of the Agreement is deleted, and replaced with the following new Section 2(c):
Option Exercise Date. 2 person......................................................................53 Premises.....................................................................2
Option Exercise Date. The deadline for a Club to exercise its options for the 754 upcoming Contract Year may be no later than November 30. 755 ▇. ▇▇▇▇▇▇ Right. 756 1. Subject to the limitations set forth in Article 8.P.2 below, each Club may 757 unilaterally terminate Players on Guaranteed SPAs for the following 758 Season(s)1, for any reason or for no reason, provided that the Club: (i) 759 satisfied any obligations to the Player for the prior Season and (ii) pays the 760 Player an amount equal to 60% of his base Salary for each Guaranteed 761 Contract Year remaining in his SPA (i.e., excluding any option terms), 762 with at least half payable within fourteen (14) days of the exercising of 763 such right and the remainder payable within sixty (60) days thereafter (the 764 “Buyout Right”). The Club shall pay any reasonable costs of collection 765 actually incurred by the Player. Upon the exercise of such Buyout Right, 766 the Player’s registration shall be promptly processed and released by the 1 By way of example, if during 2025, a Club wanted to utilize Article 8.P to terminate a Guaranteed SPA, such Club could only exercise such right with respect to the 2026 Season (and beyond)—the Club could not, however, utilize Article 8.P to cut short its obligations with respect to the 2025 Season. 767 Club and/or the League (as the case may be), and the League shall 768 promptly notify the USLPA that the Buyout Right has been exercised.
Option Exercise Date. Not applicable.