The Landlord grants the Tenant, during the Option Period, an option to take the New Lease.
Option to Renew. Effective as of the Effective Date, Article 22 of the Lease, entitled Option to Renew is hereby deleted in its entirety and replaced with the following:
Option to Renew. Tenant shall have the option to renew this Lease for one (1) additional term of five (5) years, commencing upon the expiration of the Extension Term (as such term is defined in the 5th Amendment). The renewal option must be exercised, if at all, by written notice given by Tenant to Landlord not later than twelve (12) months prior to expiration of the Extension Term of this Lease. Notwithstanding the foregoing, at Landlords election, the renewal option shall be null and void and Tenant shall have no right to renew this Lease pursuant thereto if on the date Tenant exercises the option or on the date immediately preceding the commencement of the renewal period # the Tenant originally named in this Lease is not in occupancy of the entire Demised Premises then demised hereunder (which Demised Premises, the parties acknowledge, consists of space on the 3rd floor, the 14th floor and all of the 11th and 12th floors, as of the date of that certain Fifth Amendment to Lease entered into between Landlord and Tenant in conjunction with this Lease) or such Tenant does not intend to continue to occupy the entire Demised Premises (but intends to assign this Lease or sublet the space in whole or in part), or # Tenant is in default of any of its obligations under this Lease.
Option to Renew. Effective as of the Additional Premises Commencement Date, the Additional Premises shall be included in the premises to which Tenants option to renew, as set forth in Article 22 of the Lease, applies such that any exercise of the option to renew shall include the Additional Premises, unless otherwise agreed in writing between Landlord and Tenant; provided, however, Tenant acknowledges that, as of the date of this Amendment, Meredith Corporation, an Iowa corporation (Meredith), has a pre-existing right to lease the 14th floor with the commencement date of any leasing of such floor to occur at some point in 2010 and that, therefore, any extension of the term of the Lease with respect to the Additional Premises shall be subject to Merediths (or its successors or assigns) rights with respect to the 14th Floor and, as a result of such rights, any extended term of the Lease with respect to the Additional Premises may need to be shortened to a period of time that is less than the five (5) year extension term set forth in Article 22, and Tenant may not be able to exercise the second extension option with respect to the Additional Premises if Meredith has exercised its right to lease the 14th floor.
not include an option to renew the New Lease; and
The initial term of this subscription shall be six {6) months,with the option to renew at the same rate for an additional six {6) months.
Option. An option to purchase shares of Common Stock granted to a Participant pursuant to Section 6.
Option. On the terms and conditions set forth in the 2005 Stock Option Plan (the Plan) and this Stock Option Agreement (Agreement), [[Organization A:Organization]], a California corporation (the Corporation) grants to , ☐ an Employee or ☐ an Outside Director or ☐ a Consultant (the Optionee), on ,20 (the Date of Grant), the option to purchase ( ) shares of Common Stock (the Option Shares), at the Exercise Price per share of $ (the Exercise Price) (not to be less than eighty-five percent [85%] of Fair Market Value, or one hundred percent [100%] of Fair Market Value for Ten Percent Holders). This Option is intended to be ☐ an ISO (Employees only) or ☐ an NQSO. This Option will expire ☐ sixty (60) months after the Date of Grant (maximum for an ISO granted to a Ten Percent Holder) or ☐ one hundred twenty (120) months after the Date of Grant (maximum) or ☐ . Vesting of this grant shall commence on ,20 (Initial Vest Date).
Option. I was granted an option (the Option) to purchase shares of the common stock (the Shares) of [[Organization B:Organization]] (the Company) pursuant to the Companys (choose one) ☐ 2006 Equity Incentive Plan or ☐ 2004 Equity Incentive Plan or the ☐ Taxcient, Inc. 2005 Stock Option Plan (each, a Plan), my Stock Option Agreement (the Option Agreement) and/or my Notice of Grant of Stock Option (the Notice), as follows:
Option. A right to purchase Company Stock granted under the Plan, at a price determined in accordance with the Plan.
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