Example ContractsClausesTermination of the Option
Termination of the Option
Termination of the Option contract clause examples

Termination Option. Purchaser may elect, within ten (10) days from and after said notice of Condemnation, by written notice to Seller, to terminate this Agreement, and if necessary the time of Closing shall be extended to permit such election. If Purchaser elects to terminate this Agreement, then the Earnest Money, less the Independent Consideration, shall be returned to Purchaser by Escrow Agent, and, except for the provisions of this Agreement that expressly survive Closing or earlier termination of this Agreement, this Agreement shall be void and of no further force and effect, and neither party shall have any liability to the other by reason hereof; or

Termination Option. If, prior to the Closing, the Premises is damaged by a fire or other casualty that would # cost more than $420,000 to repair or # materially and adversely affect Purchaser’s operation of the Premises (the foregoing, a “Material Casualty”), then in such event, Purchaser may, at its option, elect to terminate this Agreement by providing written notice to Seller within # twenty (20) days after the date

Termination Option. Tenant shall have the one-time right to terminate the Lease (theTermination Option”), effective as of 11:59 p.m. Mountain Standard Time on November 30,

Provided no event of Tenant default has occurred, the Premises has not been sublet, or the Lease assigned, Tenant shall have a right to terminate this lease after the ninetieth (90th) full month of the Term; upon full compliance of all of the following terms and conditions:

Termination Option. Notwithstanding anything to the contrary contained herein, Tenant shall have a one-time option to terminate this Lease (“Termination Option”) in accordance with the following terms and conditions:

Termination of Option. This Option may terminate before its Expiration Date and before the dates specified under Section 5(a) and (b) above under certain circumstances as set forth in Section 12.2 of the Plan.

Early Termination Option. Tenant shall have an option (theEarly Termination Option”) to terminate the term of this Lease without cause effective as of the seventh (7th) anniversary of the Full Rent Date (theEarly Termination Date”) by giving Landlord written notice of Tenant’s election to exercise the Early Termination Option not less than twelve (12) months prior to the Early Termination Date. As a condition to the effectiveness of Tenant’s notice exercising the Early Termination Option Tenant shall pay Landlord, concurrently with such notice, a termination fee equal to $2,750,000.00 plus any portion of Landlord’s Moving Contribution, as defined in Section 3.3(d), that has not yet been repaid to Landlord as of the Early Termination Date.

Option. The Committee shall have the authority to reduce the exercise price of any Option, provided that any action taken pursuant to this Section 3.5 with respect to an Option shall be taken only to the extent that such action would not violate Section 409A of the Code or prevent the Plan or the Option from qualifying for an exemption under Section 409A of the Code.

Option. An Award may be in the form of an Option. An Option awarded pursuant to this Plan may consist of an Incentive Option or a Nonqualified Option. The price at which shares of Common Stock may be purchased upon the exercise of an Option shall be not less than the Fair Market Value of the Common Stock on the date of grant. The term of an Option shall not exceed ten years from the date of grant. Subject to the foregoing provisions, the terms, conditions and limitations applicable to any Options awarded pursuant to this Plan, including the term of any Options and the date or dates upon which such Options become exercisable, shall be determined by the Committee.

Option. A right to purchase Company Stock granted under the Plan, at a price determined in accordance with the Plan.

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