Option Term definition

Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

Option Term means the period beginning on the Grant Date of an Option and ending on the expiration date of such Option, as specified in the Award Agreement for such Option and as may, consistent with the provisions of the Plan, be extended from time to time by the Board prior to the expiration date of such Option then in effect.

Option Term means the maximum term of an Option as set forth in Section 7.3.

Examples of Option Term in a sentence

The City further agrees to pay the Contractor in exchange for the Work for the second Option Term of this Agreement, if exercised, which runs from May 1, 2025 through April 30 , 2026, in accordance with Exhibit “A” , Price Schedule, of the Initial Term plus an increase, if applicable, based on the Consumer Price Index with a maximum increase of five percent (5%).
The City further agrees to pay the Contractor in exchange for the Work for the first Option Term of this Agreement, if exercised, which runs from May 1, 2024 through April 30 , 2025, in accordance with Exhibit “A”, Price Schedule, of the Initial Term, plus an increase, if applicable, based on the Consumer Price Index published each year with a maximum increase of five percent (5%).

Option Term means a period, if any, through which this Agreement may be or has been extended by the Court.

Option Term means the period beginning on the Grant Date of an Option and ending on the date such Option expires, terminates or is cancelled.

Option Term means a period, if any, through which this Agreement may be or has been extended by the Judicial Council.

Option Term means the period of 20 years commencing on 1 January 1993 and expiring on 31 December 2012;

Option Term shall have the meaning ascribed to such term in Section 3 of this Agreement.

Option Term means the period beginning on the Grant Date of an Option and ending on the expiration date of such Option, as specified in the Award Agreement for such Option and as may, consistent with the provisions of the Plan, be extended from time to time by the Committee prior to the expiration date of such Option then in effect.

Option Term shall have the meaning ascribed to such term in Section 2 herein.