Duration. Options granted hereunder shall be for such term as the Committee shall determine, provided that # no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to a Ten-Percent Shareholder) and # no Nonqualified Stock Option shall be exercisable after the expiration of ten (10) years and one (1) day from the date it is granted.
Duration. Options granted hereunder shall be for such term as the Committee shall determine, provided that # no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to a Ten-Percent Shareholder) and # no Nonqualified Stock Option shall be exercisable after the expiration of ten (10) years and one (1) day from the date it is granted.
Duration. Options granted hereunderDURATION OF OPTIONS. Each Option shall be forexpire at such termtime as the Committee shall determine, provideddetermine at the time of grant; provided, however, that # no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to a Ten-Percent Shareholder) and # no NonqualifiedOption, an Employee may not exercise such Incentive Stock Option shall be exercisable after the expirationdate which is ten years (five years in the case of a Participant who owns more than ten (10) years and one (1) day frompercent of the voting power of the Company or a Subsidiary) after the date iton which such Incentive Stock Option is granted.
Duration. Options granted hereunderThe maximum period in which an Option may be exercised shall be for such term asdetermined by the Committee shall determine, providedon the date of grant, except that # no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it issuch Option was granted (five (5) years from the date such Option was granted in the caseevent of an Incentive Stock Option granted to a Ten-Ten Percent Shareholder) and # no Nonqualified Stock Option shall be exercisable after the expiration of ten (10) years and one (1) day from the date it is granted..
Duration. Options granted hereunderThe Committee shall determine the Option Period for an Option, which shall be for such term asspecifically set forth in the Committee shall determine,Agreement; provided that # no Incentive Stockan Option shall not be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to an Employee who on the Date of Grant is a Ten-Percent Shareholder) and # no Nonqualified Stock Option shall be exercisable after the expirationStockholder) from its Date of ten (10) years and one (1) day from the date it is granted.Grant.
Duration. Options granted hereunder shall be for such term as the Committee shall determine, provided that # nounless exercised, terminated, or cancelled sooner, all Incentive Stock OptionOptions shall be exercisableexpire no later than ten years after the expirationdate of ten (10) years from the date it is grantedgrant (five (5) years in the case of an Incentive Stock OptionOptions granted to a Ten-Percent Shareholder) and # no Nonqualified Stock Option shall be exercisable after the expiration of ten (10) years and one (1) day from the date it is granted..
Duration. OptionsEach Option granted hereunderunder this Plan shall be for such term asexercisable only during a Term commencing on the Grant Date, unless otherwise specified in the Grant Agreement, and ending (unless the Option shall have terminated earlier under other provisions of this Plan) on a date to be fixed by the Committee shall determine, providedbut in no event later than the tenth (10th) anniversary of the date it is granted to any Grantee; provided, however, that # noin the event the Grantee would otherwise be ineligible to receive an Incentive Stock Option by reason of the provisions of Sections 422(b)(6) and 424(d) of the Code (relating to stock ownership of more than 10%), an Option granted to such Grantee that is intended to be an Incentive Stock Option shall in no event be exercisable after the expiration of ten (10)five (5) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to a Ten-Percent Shareholder) and # no Nonqualified Stock Option shall be exercisable after the expiration of ten (10) years and one (1) day from the date it is granted.
Duration.Term. Subject to the Committee’s authority under Section 3(A) hereof, each Option and all rights and obligations thereunder shall expire on the date determined by the Committee and specified in the Award Agreement. The Committee shall be under no duty to provide terms of like duration for Options granted hereunder shall be for such term asunder the Committee shall determine, provided that #Plan. Notwithstanding the foregoing, no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case ofsuch Option was granted; provided, however, that if an Incentive Stock Option is granted to a Ten-Percent Shareholder) and # no Nonqualifiedan employee who owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than 10% of the combined voting power of all classes of stock of the Company or any Subsidiary or Parent Corporation (within the meaning of Section 424(e) of the Code), the term of such Incentive Stock Option shall be exercisable after the expiration of ten (10)no more than five years and one (1) day from the date it is granted.of grant.
Duration. Options granted hereunder shall be for such term as the Committee shall determine, provided that # no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to a Ten-Ten Percent Shareholder)Shareholder shall in no event be exercisable after five (5) years from the Date of Grant, and #all other Options shall in no Nonqualified Stockevent be exercisable after ten (10) years from the Date of Grant; provided, that for so long as the Shares are traded on the TSX Venture Exchange, no Option shall be exercisable aftergranted having a term in excess of five years or such other period as provided under the expirationrules of ten (10) years and one (1) day fromsuch exchange at the date it is granted.time of grant.
Duration. Options granted hereunderExercise Term. Each Stock Option agreement shall state the period or periods of time within which the Stock Option may be exercised, in whole or in part, which shall be for such termperiod or periods of time as may be determined by the Committee shall determine,Committee, provided that # no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it is granted (five (5) yearsof grant thereof (or, in the case of an Incentive Stock Option granted to a Ten-Percent Shareholder) and #an employee referred to in [Section 6.6(ii)] below, such term shall in no Nonqualified Stock Option shall be exercisable after the expiration of ten (10)event exceed five years and one (1) day from the date iton which such Incentive Stock Option is granted.granted). The Committee shall have the power to permit an acceleration of previously established exercise upon such circumstances and subject to such terms and conditions as the Committee deems appropriate.
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