Common use of Time and Manner of Exercise of Option Clause in Contracts

Time and Manner of Exercise of Option. (a) 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 2 contracts

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