Common use of Death of Employee Clause in Contracts

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or Affiliate or during the three (3) month, or one (1) year periods referred to in Paragraph 5 above, the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local law, the administrator or executor of the Employee’s estate may exercise any vested but unexercised portion of the option prior to the Expiration Date. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or Affiliate an Employee or during the three thirty (330) month, days or one (1) year periods referred to in Paragraph 5 2 above, the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawEmployee, the administrator or executor of the Employee’s estate may (the “Transferee”), may, within one (1) year after the date of death, exercise any vested but unexercised portion of the option that was vested prior to the Expiration DateEmployee’s Termination of Service. Any such transferee Transferee must furnish the Company (a) written notice of his or her status as a transfereeTransferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or an Affiliate or during the one (1) month, three (3) month, three (3) year or one (1) year periods referred to in Paragraph 5 above, the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawdesignations, the administrator or executor of the Employee’s estate may estate, may, within three (3) years after the date of death, exercise any vested but unexercised portion of the option prior to the Expiration Dateoption. Any such transferee must furnish the Company the (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or an Affiliate or during the one (1) month, three (3) month, three (3) year or one (1) year periods referred to in Paragraph 5 above, the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawdesignations, the administrator or executor of the Employee’s estate may estate, may, within three (3) years after the date of death, exercise any vested but unexercised portion of the option prior to the Expiration Dateoption. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or an Affiliate or during the one (1) month, three (3) month, three (3) year or one (1) year periods referred to in Paragraph 5 above, the Employee’s 's designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawdesignations, the administrator or executor of the Employee’s estate may 's estate, may, within three (3) years after the date of death, exercise any vested but unexercised portion of the option prior to the Expiration Dateoption. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or Affiliate an employee or during the three (3) month, or one (1) year periods referred to described in Paragraph 5 aboveparagraph 4, the Employee’s designated beneficiarybeneficiary (if beneficiary designations are permitted by the Company in its discretion), or if either no such beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawEmployee, the administrator or executor of the Employee’s estate estate, may exercise any vested but unexercised portion of the option within twelve (12) months after the date of the Employee’s death, or prior to the Expiration Date, whichever shall first occur. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or an Affiliate or during the three (3) month, month or one (1) year periods referred to in Paragraph 5 4 above, the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawEmployee, the administrator or executor of the Employee’s estate may (the “Transferee”), may, within one (1) year after the date of death, exercise any vested but unexercised portion of the option that was vested prior to the Expiration DateEmployee’s Termination of Service. Any such transferee Transferee must furnish the Company (a) written notice of his or her status as a transfereeTransferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or an Affiliate or during the three (3) month, three (3) year or one (1) year periods referred to in Paragraph 5 above, the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawdesignations, the administrator or executor of the Employee’s estate may estate, may, within three (3) years after the date of death, exercise any vested but unexercised portion of the option prior to the Expiration Dateoption. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.

Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or an Affiliate or during the three (3) month, month or one (1) year periods referred to in Paragraph 5 4 above, the Employee’s 's designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local lawEmployee, the administrator or executor of the Employee’s 's estate may (the "Transferee"), may, within one (1) year after the date of death, exercise any vested but unexercised portion of the option that was vested prior to the Expiration DateEmployee's Termination of Service. Any such transferee Transferee must furnish the Company (a) written notice of his or her status as a transfereeTransferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any 1 laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement.