Example ContractsClausesOption Expiration Date
Option Expiration Date
Option Expiration Date contract clause examples

Expiration of Option. The Option shall expire on the date set forth in [Schedule 1] (the “Expiration Date”), unless terminated earlier as set forth in section 5 hereof, and may not be exercised after the earlier of # the Expiration Date and # the earlier termination date established in accordance with section 5 hereof.

Except as otherwise may be provided by the Committee consistent with the terms of the Plan, the Option shall expire and cease to be exercisable as of the earlier of # the Expiration Date set forth in the Grant Notice or # the date specified below in [Sections 4A through 4I], as applicable.

Final Expiration Date.Final Expiration Date” shall mean the date set forth in the Stock Option Grant Notice.

#Section III.A.3 of the IFSA is amended and restated in its entirety as follows:

Except as the Plan Administrator may otherwise approve, ninety (90) days following the date of the Participant’s Termination of Service for any reason other than death or Disability;

Amendment of Expiration Date. The Expiration Date of the Warrants are hereby amended to the Amended Expiration Date as set forth in [Schedule A] attached hereto and incorporated herein by reference.

Expiration. Buyer is submitting this offer by signing a copy of this Agreement and delivering it to Seller, and Seller has five (5) days from receipt hereof within which to accept this offer. When executed by both parties, this Agreement will be a binding agreement for valid and sufficient consideration which will bind and benefit Buyer, Seller, and their respective successors and assigns.

This Stock Option will expire on the 10th anniversary of the Grant Date set forth above ("Expiration Date"), unless sooner terminated or canceled in accordance with the provisions of the Plan and this Grant Agreement. The Employee must exercise this Stock Option, if at all, on a day the New York Stock Exchange is open for trading and on or before the Expiration Date. The Employee shall be solely responsible for exercising this Stock Option, if at all, prior to its Expiration Date. The Company shall have no obligation to notify the Employee of this Stock Option’s expiration.

(i) “First Extension Option” shall mean Tenant’s right to extend the term of the Lease with respect to the Extension Premises for an additional term (the “First Extension Term”) of either # five (5) years (the “Five Year Option”), or # ten (10) years (the “Ten Year Option”) as specified in the Extension Notice, in either case, commencing on the day immediately following the New Expiration Date (the “Commencement Date of the First Extension Term”) and ending on the last day of the month in which occurs the five (5) year anniversary of the New Expiration Date (if Tenant shall have selected the Five Year Option) or the ten (10) year anniversary of the New Expiration Date (if Tenant shall have selected the Ten Year Option) (the “Expiration Date of the First Extension Term”). If Tenant shall not specify in the Extension Notice whether Tenant has selected the Five Year Option or the Ten Year Option, Tenant shall be deemed to have selected the Ten Year Option.

Option Terminates Upon Termination Date. Notwithstanding any provision contained herein to the contrary, this Option shall terminate and become null and void and of no effect after the Termination Date.

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