Common use of Death of Optionee Clause in Contracts

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 18 contracts

Samples: Non Statutory Stock Option Agreement, Employee Nonstatutory Stock Option Agreement (Originclear, Inc.), Employee Nonstatutory Stock Option Agreement (Originclear, Inc.)

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Death of Optionee. If the Optionee shall die while in the employ a Director of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 11 contracts

Samples: Nonstatutory Stock Option Agreement (Entheos Technologies Inc), Nonstatutory Stock Option Agreement (Hepalife Technologies Inc), Nonstatutory Stock Option Agreement (Octillion Corp)

Death of Optionee. If the Optionee shall die while in the employ of serving as a consultant to the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six ninety (690) months days after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 10 contracts

Samples: Consultant Nonstatutory Stock Option Agreement (AMP Holding Inc.), Stock Option Agreement (TMG Energy Corp), Stock Option Agreement (AMP Holding Inc.)

Death of Optionee. If the Optionee shall die dies while in the employ of the ----------------- Company, Optionee's personal representative or the person entitled his Option rights may be exercised, without regard to Optionee's rights hereunder may any installment exercise restrictions, at any time within six ninety (690) months days following his death by his personal representative or by the person or persons to whom his rights under the Option shall pass by will or by the laws of descent and distribution. In no event, however, may any option rights be exercised by anyone after the date expiration of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 10 contracts

Samples: Non Qualified Stock Option Agreement (Diamond Brands Operating Corp), Non Qualified Stock Option Agreement (Diamond Brands Inc), Non Qualified Stock Option Agreement (Diamond Brands Inc)

Death of Optionee. If the Optionee shall die while in during the employ term of the CompanyEmployment Agreement, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after 180 following the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; providedfollowing the expiration of the aforesaid 180 day exercise period, this Agreement shall terminate in any case, that this Option may its entirety and be so exercised only to the extent that this Option has not previously been exercised by Optioneeof no further force or effect.

Appears in 9 contracts

Samples: Employment Agreement (Phytomedical Technologies Inc), Employment Agreement (Phytomedical Technologies Inc), Employment Agreement (Phytomedical Technologies Inc)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 9 contracts

Samples: Nonstatutory Stock Option Agreement (BioSolar Inc), Nonstatutory Stock Option Agreement (BioSolar Inc), Employee Nonstatutory Stock Option Agreement (General Cannabis Corp)

Death of Optionee. If the Optionee shall die while in the employ a Director of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (World Wide Wireless Communications Inc), Nonstatutory Stock Option Agreement (World Wide Wireless Communications Inc), Nonstatutory Stock Option Agreement (World Wide Wireless Communications Inc)

Death of Optionee. 8.1 If the Optionee shall die while in the employ serving as any of a consultant, employee, officer or director of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six ninety (690) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 5 contracts

Samples: Stock Option Agreement (MANAS PETROLEUM Corp), Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp), Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six one (61) months year after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Activecare, Inc.), Incentive Stock Option Agreement (Sports Field Holdings, Inc.), Incentive Stock Option Agreement (Meridian Waste Solutions, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death, as such may be accelerated by the Board of Directors; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Originclear, Inc.), Incentive Stock Option Agreement (Originclear, Inc.), Incentive Stock Option Agreement (Originclear, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares Shares, subject to Section 12(e), to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 4 contracts

Samples: Non Statutory Stock Option Agreement, Employee Nonstatutory Stock Option Agreement (Originclear, Inc.), Employee Nonstatutory Stock Option Agreement (Originclear, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the Companyhaving a Company Relationship, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after 180 following the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; providedfollowing the expiration of the aforesaid 180 day exercise period, this Agreement shall terminate in any case, that this its entirety and be of no further force or effect and the Option may no longer be so exercised only to the extent that this Option has not previously been exercised by Optioneeexercised.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.), Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.), Stock Option Agreement (New Energy Technologies, Inc.)

Death of Optionee. If In the Optionee shall die while in the employ event of termination of Optionee's continuous status as an employee of the CompanyCompany as a result of the death of Optionee, Optionee's personal representative or the person entitled to Optionee's rights hereunder Option may be exercised at any time within six (6) months after following the date of Optionee's death, or during death (but in no event later than the remaining date of expiration of the term of this OptionOption as set forth in Section 10 below), whichever is by Optionee's estate, by a person who acquired the lesserright to exercise the Option by bequest or inheritance, exercise this Option and purchase Shares to the extentor by Optionee's legal representative on behalf of Optionee, but only to the extent, that extent the Optionee could have exercised this exercise the Option as of at the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 3 contracts

Samples: Employee Stock Option Agreement (Auspex Systems Inc), Employee Stock Option Agreement (Auspex Systems Inc), Employee Stock Option Agreement (Auspex Systems Inc)

Death of Optionee. If the Optionee shall die while in the employ of serving as a director to the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six ninety (690) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (ID Global Solutions Corp), Stock Option Agreement (ID Global Solutions Corp), Stock Option Agreement (ID Global Solutions Corp)

Death of Optionee. If the Optionee shall die while in the employ of or serving as a Board Member of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Octillion Corp), Nonstatutory Stock Option Agreement (Octillion Corp)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; ’s death provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Cornerworld Corp), Incentive Stock Option Agreement (Cornerworld Corp)

Death of Optionee. If the Optionee shall die while in the employ of serving as a director to the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six ninety (690) months days after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (ID Global Solutions Corp), Stock Option Agreement (ID Global Solutions Corp)

Death of Optionee. If the Optionee shall die while in the employ of serving as an officer to the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six ninety (690) months days after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Employee Employment Agreement (ID Global Solutions Corp), Stock Option Agreement (ID Global Solutions Corp)

Death of Optionee. 8.1 If the Optionee shall die while in the employ serving as a consultant of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six thirty (630) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp), Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp)

Death of Optionee. If the Optionee shall die while in the employ of serving as a Director to the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six ninety (690) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Director Nonstatutory Stock Option Agreement (Workhorse Group Inc.), Director Nonstatutory Stock Option Agreement (Workhorse Group Inc.)

Death of Optionee. If the Optionee shall die while in the employ appointment of Officer of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Solar Park Initiatives, Inc.), Stock Option Agreement (Solar Park Initiatives, Inc.)

Death of Optionee. If the Optionee shall die while in the employ serving as Director of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Director Nonstatutory Stock Option Agreement (Originclear, Inc.), Director Nonstatutory Stock Option Agreement (Originclear, Inc.)

Death of Optionee. If the Optionee shall die while in the employ an Officer of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Entheos Technologies Inc), Nonstatutory Stock Option Agreement (International Energy, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the Companystill a Preferred Creditor, Optionee's personal representative or the person entitled to Optionee's rights hereunder under this Agreement may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Wallstreet Review Inc), Stock Option Agreement (Wallstreet Review Inc)

Death of Optionee. If the Optionee shall die while in the employ serving as Director of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares Shares, subject to Section 12(e), to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Director Nonstatutory Stock Option Agreement (Originclear, Inc.), Director Nonstatutory Stock Option Agreement (Originclear, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of serving as a Director to the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six ninety (690) months days after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 2 contracts

Samples: Director Nonstatutory Stock Option Agreement (Workhorse Group Inc.), Director Nonstatutory Stock Option Agreement (Workhorse Group Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the CompanyCorporation, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Dover Saddlery Inc)

Death of Optionee. If the Optionee shall die while in the employ serving as a Non-Employee Director of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months 120 days after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Stock Option Award Agreement (WindTamer Corp)

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Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six twenty-four (624) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Digital Locations, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option SLC_455207.1 and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Medizone International Inc)

Death of Optionee. If the Optionee shall die while in the employ serving as an employee of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares Shares, subject to Section 12(e), to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (American Education Center, Inc.)

Death of Optionee. 7.1 If the Optionee shall die while in the employ serving as a consultant of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six thirty (630) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp)

Death of Optionee. If the Optionee shall die while in the employ serving as a director of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (AMP Holding Inc.)

Death of Optionee. If the Optionee shall die while in the employ of a consultant to the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Octillion Corp)

Death of Optionee. If the Optionee shall die while in the employ holding office of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six two (62) months years after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Ipsidy Inc.)

Death of Optionee. If the Optionee shall die while in the employ of the CompanyCompany or within a period following termination of the Optionee's employment during which the vested portion of the Option remains exercisable, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (KULR Technology Group, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of serving as [an Employee of/a Consultant to] the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months 120 days after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Stock Option Award Agreement (WindTamer Corp)

Death of Optionee. If the Optionee shall die while in the employ serving as any of a consultant, employee, officer or director of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six ninety (690) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (MANAS PETROLEUM Corp)

Death of Optionee. If the Optionee shall die while in the employ serving as a consultant of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares Shares, subject to Section 12(e), to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Consultant Nonstatutory Stock Option Agreement (Originclear, Inc.)

Death of Optionee. If the Optionee shall die while in the employ of engaged by the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Digital Locations, Inc.)

Death of Optionee. If the Optionee shall die while in the employ a director of the Company, Optionee's personal representative or the person otherwise entitled to succeed to the Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, extent that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Global Axcess Corp)

Death of Optionee. If the Optionee shall die while in the employ of engaged by the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Digital Locations, Inc.)

Death of Optionee. If the Optionee shall die while in the employ a Director of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or a during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, extent that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (World Wide Wireless Communications Inc)

Death of Optionee. If the Optionee shall die while in the employ of an Officer to the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after 180 following the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; providedfollowing the expiration of the aforesaid 180 day exercise period, this Agreement shall terminate in any case, that this Option may its entirety and be so exercised only to the extent that this Option has not previously been exercised by Optioneeof no further force or effect.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.)

Death of Optionee. 8.1 If the Optionee shall die while in the employ serving as a consultant of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six thirty (630) months days after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (MANAS PETROLEUM Corp)

Death of Optionee. If the Optionee shall die while in the employ of the Company, Optionee's ’s personal representative or the person entitled to Optionee's ’s rights hereunder may at any time within six (6) months after the date of Optionee's ’s death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's ’s death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.. 

Appears in 1 contract

Samples: Stock Option Agreement (Emagin Corp)

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