Common use of Death Following Termination of Employment Clause in Contracts

Death Following Termination of Employment. In the event Optionee dies after terminating employment but prior to the expiration of the applicable post-termination exercise period described in this Section above, then Optionee’s beneficiary(ies) designated pursuant to Section 10 below shall be entitled to exercise the Option for the longer of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this Section above that was initially applicable to Optionee’s termination of employment. In such case, the Option may be exercised only to the extent it is then vested.

Death Following Termination of Employment. In the event Optionee dies after terminating employment but prior to the expiration of the applicable post-termination exercise period described in this Section above, then Optionee’s beneficiary(ies) designated pursuant to Section 10 11 below shall be entitled to exercise the Option for the longer of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this Section above that was initially applicable to Optionee’s termination of employment. In such case, the Option may be exercised only to the extent it is then vested.

Death Following Termination of Employment. In the event Optionee Participant dies after terminating employment or service but prior to the expiration of the applicable post-termination exercise period described in this Section subsection (b) or (c) above, then OptioneeParticipant’s beneficiary(ies) designated pursuant to Section 10 9 below shall be entitled to exercise the then-outstanding portion of the Option for the longer a period of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this Section above that was initially applicable to Optionee’s termination of employment. In such case, the Option may be exercised only to the extent it is then vested.

Death Following Termination of Employment. In the event Optionee dies after terminating employment but prior to the expiration of the applicable post-termination exercise period described in this Section subsection (a), (b), (c), (d), or (e), above, then the Optionee’s beneficiary(ies) designated pursuant to Section 10 below shall be entitled to exercise the Option for the longer of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this Section subsection (a), (b), (c), (d), or (e), above that was initially applicable to Optionee’s termination of employment. In such case, the Option may be exercised only to the extent it is then vested.

Death Following Termination of Employment. In Notwithstanding the provisions of Sections 4(a), (b) or (c) above, in the event Optionee dies after terminating employment but prior to the expiration of the applicable post-termination exercise period described in this Section above, then Optionee’s beneficiary(ies) designated pursuant to Section 10 below shall be entitled to exercise the Option for the longer of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this subject to Section above that was initially applicable to Optionee’s termination of employment4(e). In such case, the Option may be exercised only to the extent it is then vested.

Death Following Termination of Employment. In the event Optionee dies after terminating employment but prior to the expiration of the applicable post-termination exercise period described in this Section subsection (b), (c) or (d) above, then the Optionee’s beneficiary(ies) designated pursuant to Section 10 11 below shall be entitled to exercise the Option for the longer of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this Section subsection (b), (c), or (d) above that was initially applicable to Optionee’s termination of employment. In such case, the Option may be exercised only to the extent it is then vested.

Death Following Termination of Employment. In the event Optionee dies after terminating employment but prior to the expiration of the applicable post-termination exercise period described in this Section subsection (b), (c), (d) or (e) above, then the Optionee’s beneficiary(ies) designated pursuant to Section 10 11 below shall be entitled to exercise the Option for the longer of (i) one (1) year following the date of death, or (ii) the post-termination exercise period described in this Section subsection (b), (c), (d) or (e) above that was initially applicable to Optionee’s termination of employment. In such case, the Option may be exercised only to the extent it is then vested.