Death of Grantee. In the event of the termination of the Grantee's Continuous Service as a result of his or her death, or in the event of the Grantee's death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's Termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option by bequest or inheritance, may exercise the Option, but only to the extent the Grantee could exercise the Option at the date of termination, within twelve (12) months from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option on the date of death, or if the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 8 contracts
Samples: Executive Employment Agreement (Bam Entertainment Inc), Executive Employment Agreement (Bam Entertainment Inc), Non Qualified Stock Option Award (Bam Entertainment Inc)
Death of Grantee. In the event of the termination of the Grantee's ’s Continuous Service as a result of his or her death, or in the event of the Grantee's ’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's Termination ’s termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option by bequest or inheritance, pursuant to Section 10 may exercise the Option, but only to the extent the Grantee could exercise portion of the Option that was vested at the date of termination, termination within twelve (12) months from commencing on the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 8 contracts
Samples: Stock Option Award Agreement (Alfi, Inc.), Stock Option Award Agreement (Alfi, Inc.), Stock Option Award Agreement (Alfi, Inc.)
Death of Grantee. In the event of the termination of the Grantee's ’s Continuous Service as a result of his or her death, or in the event of the Grantee's ’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's Termination ’s termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option by bequest or inheritance, pursuant to Section 9 may exercise the Option, but only to the extent the Grantee could exercise portion of the Option that was vested at the date of termination, termination within twelve (12) months from commencing on the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 3 contracts
Samples: Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (ONCOSEC MEDICAL Inc)
Death of Grantee. In the event of the termination of the Grantee's ’s Continuous Service as a result of his or her death, or in the event of the Grantee's ’s death during the Post-Termination Exercise Period or during the twelve six (126) month period following the Grantee's Termination ’s termination of Continuous Service as a result of his or her Disability, the Grantee's ’s estate, or a person who acquired the right to exercise the Option by bequest or inheritance, may exercise the Option, but only to the extent the Grantee could exercise portion of the Option that was vested at the date of termination, within twelve (12) months from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 3 contracts
Samples: Stock Option Award Agreement (Western Alliance Bancorporation), Stock Option Award Agreement (Western Alliance Bancorporation), Stock Option Award Agreement (Western Alliance Bancorporation)
Death of Grantee. In the event of the termination of the Grantee's ---------------- Continuous Service as a result of his or her death, or in the event of the Grantee's death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's Termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option by bequest or inheritance, may exercise the Option, but only to the extent the Grantee could exercise the Option at the date of termination, within twelve (12) months from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option on the date of death, or if the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 1 contract
Death of Grantee. In the event of the termination of the Grantee's ’s Continuous Service as a result of his or her death, or in the event of the Grantee's ’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's ’s Termination of Continuous Service as a result of his or her Disability, the Grantee's ’s estate, or a person who acquired the right to exercise the Option by bequest or inheritance, may exercise the Option, but only to the extent the Grantee could exercise the Option at the date of termination, within twelve (12) months from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option on the date of death, or if the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 1 contract
Samples: Stock Option Award Agreement (Bam Entertainment Inc)
Death of Grantee. In the event of the termination of the Grantee's ’s Continuous Service as a result of his or her death, or in the event of the Grantee's ’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's Termination ’s termination of Continuous Service as a result of his or her Disability, the Grantee's ’s estate, or a person who acquired the right to exercise the Option by bequest or inheritance, may exercise the Option, but only to the extent the Grantee could exercise the Option at the date of termination, within twelve (12) months from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option on the date of death, or if the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 1 contract
Death of Grantee. In the event of the termination of the Grantee's Continuous Service as a result of his or her death, or in the event of the Grantee's death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee's Termination termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option by bequest or inheritance, may exercise the Option, but only to the extent the Grantee could exercise portion of the Option that was vested at the date of termination, termination within twelve (12) months from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.
Appears in 1 contract
Samples: Stock Option Award Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)