Common use of Death After Termination of Service Clause in Contracts

Death After Termination of Service. Notwithstanding the above provisions of this Section 3, if a Participant dies after such Participant’s Termination of Service, but while his or her Options remain exercisable as set forth above, such Options may be exercised at any time until the earlier of (a) the first anniversary of the date of such death and (b) the Expiration Date.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (EVO Payments, Inc.), Incentive Stock Option Agreement (EVO Payments, Inc.), Nonqualified Stock Option Agreement (EVO Payments, Inc.)

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Death After Termination of Service. Notwithstanding the above provisions of this Section 3, if a Participant dies after such Participant’s Termination of Service, but while his or her Options remain Option remains exercisable as set forth above, such Options Option may be exercised at any time until the earlier of (a) the first anniversary of the date of such death and (b) the Expiration Date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (EVO Payments, Inc.), Nonqualified Stock Option Agreement (EVO Payments, Inc.)

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