Common use of Death of Option Holder Clause in Contracts

Death of Option Holder. Upon the death of the Option Holder while the Option Holder is an Employee of the Company or a Subsidiary, any unvested portion of the Option shall fully vest. The Option may be exercised by the Option Holder’s estate, or by a person who acquires the right to exercise the Option by bequest or inheritance or by reason of the death of the Option Holder, provided that such exercise occurs at any time on or prior to the earlier of the Expiration Date or the expiration of twelve (12) months after the Option Holder’s death. Any portion of the Option not exercised within such time period will be cancelled.

Death of Option Holder. Upon the death of the Option Holder while the Option Holder is an Employee employee of the Company or a Subsidiary, any unvested portion of the Option shall fully vest. The Option may be exercised by the Option Holder’s 's estate, or by a person who acquires the right to exercise the Option by bequest or inheritance or by reason of the death of the Option Holder, provided that such exercise occurs at any time both on or prior to the earlier of before the Expiration Date and on or before the expiration first anniversary of twelve (12) months after the Option Holder’s 's death. Any portion of the Option not exercised within such time period will be cancelled.

Death of Option Holder. Upon the death of the Option Holder while the Option Holder is an Employee employee of the Company or a Subsidiary, any unvested portion of the Option shall fully vest. The Option may be exercised by the Option Holder’s estate, or by a person who acquires the right to exercise the Option by bequest or inheritance or by reason of the death of the Option Holder, provided that such exercise occurs at any time on or prior to the earlier of both before the Expiration Date or the expiration of twelve and within six (126) months after the date of the Option Holder’s death. Any portion of the Option not exercised within such time period will be cancelled.

Death of Option Holder. Upon the death of the Option Holder while the Option Holder is an Employee employee of the Company or a Subsidiary, any unvested portion of the Option shall fully vest. The Option may be exercised by the Option Holder’s estate, or by a person who acquires the right to exercise the Option by bequest or inheritance or by reason of the death of the Option Holder, provided that such exercise occurs at any time on or prior to the earlier of both before the Expiration Date or the expiration of twelve and within three (123) months after the date of the Option Holder’s death. Any portion of the Option not exercised within such time period will be cancelled.

Death of Option Holder. Upon the death of the Option Holder while the Option Holder is an Employee employee of the Company or a Subsidiary, any unvested portion of the Option shall fully vest. The Option may be exercised by the Option Holder’s estate, or by a person who acquires the right to exercise the Option by bequest or inheritance or by reason of the death of the Option Holder, provided that such exercise occurs at any time on or prior to the earlier of both before the Expiration Date or the expiration of twelve (12) and within 6 months after the Option Holder’s death. Any portion of the Option not exercised within such time period will be cancelled.