Period of Option and Conditions of Exercise Sample Clauses

Period of Option and Conditions of Exercise a. Period of Option. Unless the option is previously terminated pursuant to this Option Agreement, the term of the Option and of this Option Agreement shall commence on the date hereof (the "Date of Grant") and terminate upon the expiration of ten (10) years from the Date of Grant. Upon the termination of the Option, all rights of the Optionee hereunder shall cease.

Period of Option and Conditions of Exercise. 3.1 The terms of this Option Agreement shall commence on the Date of Grant and terminate at the Expiration Date, or at the time at which the Option expires pursuant to the terms of the Plan and/or the Israeli Appendix or pursuant to this Option Agreement. 3.2 Options may be exercised only to purchase whole Shares, and in no case may a fraction of a Share be purchased. If any fractional Share would be deliverable upon exercise, such fraction shall be rounded up one-half or less, or otherwise rounded down, to the nearest whole number.

Period of Option and Conditions of Exercise. 3.1 The terms of this Option Agreement shall commence on the date hereof (THE DATE OF GRANT) and terminate at the Expiration Date (as defined in Section 6 below), or at the time at which the Option is completely terminated pursuant to the terms of the Option Plan or pursuant to this Option Agreement. 3.2 The Options may be exercised by the Optionee in whole at any time or in part from time to time, as determined by the Board, and to the extent that the Options become vested and exercisable, prior to the Expiration Date, and provided that, subject to the provisions of Section 3.4 below, the Optionee is an employee of the Company or any of its subsidiaries, at all times during the period beginning with the granting of the Option and ending upon the date of exercise. 3.3 Subject to the provisions of Section 3.4 below, in the event of termination of the Optionees employment with the Company or any of its subsidiaries, all Options granted to him or her will immediately be expired. A notice of termination of employment by either the Company or the Optionee shall be deemed to constitute termination of employment. 3.4 Notwithstanding anything to the contrary hereinabove, an Option may be exercised after the date of termination of Optionee's employment with the Company or any subsidiary of the Company during an additional period of time beyond the date of such termination, but only with respect to the number of Options already vested at the time of such termination according to the vesting periods of the Options, set forth in Section 4 below, if: (I) prior to the date of such termination, the Committee shall authorize an extension of the terms of all or part of the Options beyond the date of such termination for a period not to exceed the period during which the Options by their terms would otherwise have been exercisable, (ii) termination is without Cause (as defined below), in which event any Options still in force and unexpired may be exercised within a period of 90 (ninety) days from the date of such termination, but only with respect to the number of shares purchasable at the time of such termination, according to the vesting periods of the Options, (iii) termination is the result of death or disability of the Optionee, in which event any Options still in force and unexpired may be exercised within a period of 3 (three) months from the date of termination, but only with respect to the number of Options already vested at the time of such termination according t...

Period of Option and Conditions of Exercise. (a) Unless the Option is previously terminated pursuant to this Agreement or the Plan, the Option shall terminate on the tenth anniversary of the Date of Grant (the “Expiration Date”). Upon the termination of the Option, all rights of the Optionee hereunder shall cease. (b) Subject to the provisions of the Plan and this Agreement, the Option shall become exercisable: (i) as to % of the Option Shares on ; (ii) as to % of the Option Shares on ; (iii) as to % of the Option Shares on ; and (iv) as to % of the Option Shares on .

Period of Option and Conditions of Exercise. (a) Unless the Option is previously terminated pursuant to this Agreement or the Plan, the Option shall terminate on the tenth anniversary of the Date of Grant (the “Expiration Date”). Upon the termination of the Option, all rights of the Optionee hereunder shall cease. (b) The Option shall become exercisable as set forth in this Section 2(b) and on Exhibit A. (i) The Company’s total shareholder return (as defined in more detail on Exhibit A, “TSR”) over the period beginning on and ending on (the “Performance Period”), as calculated by comparison to the indices stipulated on Exhibit A to this Agreement (and using the methodology set forth on such Exhibit A), shall be compared to the threshold, target and maximum TSR hurdles set forth on Exhibit A to determine the “Vesting Portion” (as defined on Exhibit A) of the Option as a percentage of the Target Option Shares. Such calculations shall be determined by the Committee no later than (the date of such determination, the “Determination Date”). Restrictions with respect to 50% of the related Vesting Portion of the Option set forth on Exhibit A shall lapse as of the later of the Determination Date and the third anniversary of the Date of Grant (the “Vesting Date”), with the restrictions on the remaining 50% of such Vesting Portion lapsing on the fourth anniversary of the Date of Grant (the “Anniversary Date”). (ii) Except as set forth in Section 4, each such lapse of restrictions shall occur only if the Recipient has remained employed by the Company through the Vesting Date or the Anniversary Date, as the case may be (the “Restricted Period”). The portion of the Option that does not vest as of the Vesting Date (or the Anniversary Date, as the case may be) based on TSR performance, shall, as of the Vesting Date (or the Anniversary Date, as the case may be), be forfeited to the Company without payment of any consideration by the Company, and neither the Recipient nor any of his or her successors, heirs, assigns or personal representatives shall thereafter have any further rights or interests in such Option. (iii) All determinations with respect to the calculations pursuant to this Agreement shall be made in the sole discretion of the Committee.

Period of Option and Conditions of Exercise. (a) The Option shall be deemed to have been granted on the date hereof (the "Date of Grant") and, unless the Option is previously terminated pursuant to this Option Agreement, the Option shall terminate upon the expiration of ten years from the date hereof (the "Expiration Date"). Upon the termination of the Option, all rights of the Optionee hereunder shall cease. (b) Subject to the provisions of the Plan and this Option Agreement, the Option shall become exercisable as to all of the Option Shares on the date which is six months after the date hereof.

Period of Option and Conditions of Exercise. 3.1 The term of this Option Agreement shall commence on the date hereof (the "Date of Grant") and terminate on the Expiration Date (as defined in Section 6 below), or at the time at which all of the Options have expired or been terminated pursuant to the terms of the Option Plan or pursuant to this Option Agreement. 3.2 The Options may be exercised by the Optionee in whole at any time or in part from time to time, as determined by the Board, and to the extent that the Options become vested in accordance with section 4 of Exhibit B , prior to the Expiration Date, and provided that, subject to the provisions of Section 3.4 below, the Optionee is an employee of the Company or a Subsidiary of the Company or a company or a Parent or a subsidiary company of such company issuing or assuming the Options in a transaction described in section 7.1 of the Agreement ( the foregoing collectively, the "Group" ), or continuing to provide services to the Group, at all times during the period beginning with the granting of the Option and ending upon the date of exercise.

Period of Option and Conditions of Exercise. 3.1 The Option Agreement shall commence on the Date of Grant and terminate 10 (ten) years thereafter, as specified in Exhibit B hereto, or at such time on which the Option expires pursuant to the terms of the Plan or this Option Agreement, unless determined otherwise by the Board of Directors of the Company (the "Expiration Date"). 3.2 The Option may be exercised only to purchase whole Shares, and in no case may a fraction of a Share be purchased. If any fractional Share would be deliverable upon exercise, such fraction shall be rounded up one-half or less, or otherwise rounded down, to the nearest whole number.

Period of Option and Conditions of Exercise. 2.1 The term of the Option shall commence on 19 May 1997 ("Date of Grant") and shall terminate as of 18 May 2000 ("Expiration Date"). Upon termination of the Option, all rights of the Optionee hereunder shall cease. Optionee understands and agrees that the Option granted to him is intended to comply with the provisions of Rule 16b-3 under the Securities Exchange Act of 1934, as amended, and is subject to the express terms thereof and the interpretations of the Securities and Exchange Commission thereunder. 2.2 The Option Shares shall immediately vest. 2.3 The Option may be exercised only to purchase whole Shares, and in no case may a fraction of a Share be purchased. The right of the Optionee to purchase Option Shares may be exercised in whole at any time or in part from time to time, provided that no partial exercise of the Option for less than ten (10) Option Shares will be permissible.