Quins will not be taking up the option to extend his contract beyond May 2005.
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The great thing about being able to fire a person or a contractor, or any kind of counterparty is that the option to terminate a contract brings accountability.
In one study, they asked participants to play the role of an NBA team manager who had the option of offering a contract to a particular player.
Plus, exercising a put option (a contract to sell a security at a set price within a given time period) subjects you to the risks of market timing.
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In 1989 Mittal negotiated to lease and run the mill under a 10-year contract, with an option to buy in 5 years.
Northamptonshire County Council said resources are so stretched it had "no option" but to change the contract.
"We have an option to extend Neil's contract at the end of the season so, to all intents and purposes, his contract does not end until June 2007, " he said.
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The Blades board have an option to extend Warnock's contract, which ends in June, at the end of the season but so far have not offered to improve his terms.
BBC: SPORT | Football | My Club | Portsmouth | Mandaric hints at Redknapp return
"The club refers to an earlier statement on this matter, when it said if the player's final decision was to unilaterally rescind his contract, we would have no option but to accept it, " Real said on their website.
Part of the management contract included an option to buy a stake in the Greek airline.
These give the owner of the option the right to buy the futures contract within a certain time frame at a preset price.
Wilkinson, international rugby union's world record points scorer with 1, 032 in 70 Tests for England and 67 in six games for the Lions, has signed a two-year contract with the option to cancel after a year.
The new deal says any player taken in the top-10 must have their contract option be tied to the top-10 players at that position, while first rounders after that are tied to a much lower salary.
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For the first time, the AP study presents payrolls for both active rosters and rosters following adjustments for cash transactions in trades, signing bonuses that are the responsibility of the club agreeing to the contract, option buyouts and termination pay for released players.
An option is a contract that allows investors to bet on a stock's direction, and as is typical for IPOs, options trading for Facebook began about a week after its stock-market debut.
There is also an option of a one-year extension to the contract and Boyce goes straight into the squad for the Irish Cup game against Distillery.
BBC: Darren Boyce could make his Glens debut in the Irish Cup
Attractive prices and the option of contract-free plans could incentivize customers to buy connected devices, like laptops, at Best Buy.
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Saban's formidable bargaining skills were earlier used in exercising a put option in the contract with Fox that required Murdoch to buy him out.
General manager Sandy Alderson also revealed Wednesday that the Mets lost Bourn who signed with the Cleveland Indians this week because they refused to offer a fifth-year option on the contract.
Under Fifa-adopted European Union law, Lampard has the option to effectively buy out the two remaining year of his contract, with Chelsea entitled to compensation equal to the remainder of his salary.
BBC: SPORT | Football | My Club | Chelsea | Grant confident Lampard will stay
Ofgem's proposals also include banning complex multi-tier tariffs, new personalised information to help consumers find their best deal, and ensuring customers default to the cheapest option at the end of fixed-term contract.
Earl Howe said the government wanted to choose a route that has the best chance of working, which is why its preferred option was to place a duty of candour in the NHS standard contract rather than in the bill itself.
And team captain Garry Hay, who had a year left on his contract, has extended it to 2009 with an option for an extra year.
BBC: Locke joined Kilmarnock from Bradford City in August 2002
By 2009, however, the cost of the program had ballooned, and, under political pressure, President Barack Obama canceled the contract and asked the Navy to find a cheaper option.
As a result, either 350 or 300 MW of the total under contract expires annually, and Con Edison has the option to add another year to the end of the term at the expiring volume.
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The contract runs from April 1, 2013, with an option to continue for a further two years.
Scott's contract with the Pac-12 runs through 2016 with an option to add additional years.
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All I ask is the management contract and can we throw in an option for us to buy the hotel if you ever decide to sell it?
An option on a futures contract is the right, but not the obligation, to buy or sell the underlying security at a particular price within a specific time.
Vettel, known to be a target for Mercedes, is under contract with Red Bull until the end of 2011, with an option to stay for 2012.
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