Common use of Death of Optionee Clause in Contracts

Death of Optionee. In the event of the death of Optionee: (i) this Option may be exercised, at any time within one (1) year following the date of death by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; or

Death of Optionee. In the event of the death of Optionee: (i) Optionee during the term of this Option, the Option may be exercised, at any time within one (1) year following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person Optionee was entitled to exercise) within the one (1) year time period specified herein, exercise the Option shall terminate; orat the date of death.

Death of Optionee. In the event of the death of Optionee: (i) this Optionee while Optionee is an employee of the Company or its affiliates, the Option may be exercised, at any time within one (1) year 12 months following the date of death death, by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Option was vested as of the right to date of death; provided that in no event is the date of exercise that had accrued at the time of death beyond expiration of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; orOption.

Death of Optionee. In the event of Upon the death of an Optionee: (i) this , any Option may be exercised, at any time within one (1) year following exercisable on the date of death may be exercised by the Optionee's estate or by a person who acquired acquires the legal right to exercise the such Option by bequest or inheritanceinheritance or otherwise, provided that such exercise occurs within one year following date of death and within the remaining Option Period. The provisions of this Section shall apply notwithstanding the fact that the Optionee's employment may have terminated prior to death, but only to the extent of any Options exercisable on the right to exercise that had accrued at the time date of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; ordeath.

Death of Optionee. In If the event of the death of Optionee: (i) Optionee dies, this Option may be exercised, exercised (to the extent exercisable at Optionee's date of death) at any time within one (1) during the year following next succeeding such death, but in no event after the date of death Expiration Date, by Optionee's estate the person or persons to whom his or her rights hereunder shall have passed by will or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent laws of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; ordescent and distribution.

Death of Optionee. In the event of the death of Optionee: (i) Optionee during the term of this Option, the Option may be exercised, at any time within one (1) year following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 9 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person Optionee was entitled to exercise) within the one (1) year time period specified herein, exercise the Option shall terminate; orat the date of death.

Death of Optionee. In the event of the death of Optionee: (i) this , the Option may be exercised, at any time within one (1) year six months following the date of death death, by Optionee's estate estate, spouse or by a person who acquired the right to exercise the Option by bequest or inheritance, inheritance but only to the extent of the right to exercise that had has accrued at the time date of death of the Optionee. To the extent that such an Optionee was not entitled to exercise the Option at the date of his death, or if the Optionee's estate or other person legatee does not exercise such the Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; or.

Death of Optionee. In If the event Optionee dies prior to the termination of his right to exercise this Option in accordance with the death of Optionee: (i) this provisions hereof without having totally exercised the Option, the Option may be exercised, at any time within to the extent of the shares with respect to which the Option could have been exercised by Optionee on the date of Optionee's death, by the Optionee's Successor, provided the Option is exercised prior to the date of its expiration or one (1) year following from the date of death by the Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritancedeath, but only to the extent of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; orwhichever occurs first.

Death of Optionee. In If the event of the death of Optionee: (i) Optionee dies, this Option may be exercised, exercised (to the extent exercisable at Optionee's date of death) at any time within one (1) during the year following next succeeding such death, but in no event after the date of death Expiration Date, by Optionee's estate the person or persons to whom her rights hereunder shall have passed by Will or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent laws of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; ordescent and distribution.

Death of Optionee. In the event of the death of Optionee: (i) this Option may Optionee while Optionee is an Employee or Director or during the period referred to in Section 5 above, the option my be exercised, at any time within one twelve (112) year months following the date of death (or such longer period as the committee determines), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Option was vested as of the right to date of death; provided that in no event is the date of exercise that had accrued at the time of death beyond expiration of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; oroption.

Death of Optionee. In the event of Upon the death of Optionee: (i) Optionee this Option may be exercised, at any time within one (1) year following the date of death exercised by Optionee's estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the date of termination and only for such period of time of death as shall be permitted pursuant to Section 9(a) of the Optionee. To Plan, and subject to all of the extent that such estate or other person does not exercise such restrictions contained in this Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; orAgreement.

Death of Optionee. In If Optionee dies, any Option granted to the event of the death of Optionee: (i) this Option Optionee may be exercised, to the extent it had vested at the time of death, at any time within one (1) year following 12 months after the date of death by Optionee's death, by the executors or administrators of his estate or by a any person or persons who acquired the right to exercise acquire the Option by bequest will or inheritancethe laws of descent and distribution, but only to not beyond the extent otherwise applicable term of the right to exercise that had accrued at the time of death of the Optionee. To the extent that such estate or other person does not exercise such Option (which such estate or person was entitled to exercise) within the one (1) year time period specified herein, the Option shall terminate; orOption.