Most option clauses essentially give a publisher a first look at a new work.

"I think it was a safety valve we originally put in," Smith said of the option clause.

Specific dates are included in the option clauses of five other players, who otherwise could be free agents.

Option clauses could extend the length of the contract an additional 15 years.

There is also a $1 million option clause.

The contract, worth about 139 million euro includes a second vessel under an option clause which was signed in March 2009.

Most option clauses belong to the club, but in Morris's case, the option is his.

There'll be an option clause in it.

Lord Tomlin noted that the words of the option clause were also present in the rest of the contract which was certain.

Identify option clauses that create uncertainty in work-load projections.

Moreover, authors want to know why they should accept a so-called "option clause," which commits them to offering their next book to the same publisher.

He argued that the context of the language could suggest a precise meaning that would give certainty to the option clause.

"The contract had an option clause.

In effect, the label could continue to demand more albums through the options clause until it deems one commercially or artistically acceptable.

The term, option clause, was not used by the print media and it was instead referred to as the reserve clause.

Webber exercised a year-out option clause in his contract partly because he grew tired of Nelson's incessant criticism.

The renewable contract, with the automatic option clause, is just as permanent and you don't have to go through the courts if you change your mind."

The suit also sought damages for NBA players for past harm caused by the option clause.

Major Decisions McDaniel has a crucial decision to make later this month, when the deadline arrives on exercising an option clause in his contract.

The reserve clause had been abolished in the NFL constitution in 1948 when the option clause was created.

The option clause stated that a team may choose to automatically keep a player on their team for another year, at the same pay, after his contract had expired.

That meant contracts could be renewed in perpetuity, the owners argued unsucessfully, because the option clause was renewed each time the contract was renewed.

Meanwhile, her previous publisher withheld her royalties on her work in print for two years, claiming she had broken an option clause in her contract.

"We have only the traditional guarantee of the option clause," Mr. Romanos said, "but we would hope we'd be able to acquire future books on a similar basis."

Mr. Dopp testified that he had been assured that the option clause would be dropped in a few years after the Pritzkers grew more comfortable with him.