Common use of Death of Optionee Clause in Contracts

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 7 contracts

Samples: Stock Option Agreement (Finisar Corp), Stock Option Agreement (Spectrx Inc), Stock Option Agreement (HNC Software Inc/De)

AutoNDA by SimpleDocs

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 7 contracts

Samples: Stock Option Agreement (Communication Intelligence Corp), Stock Option Agreement (Communication Intelligence Corp), Stock Option Agreement (Communication Intelligence Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant employment with the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 Paragraph I. 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 the Optionee could exercise the Option at the date of death.

Appears in 6 contracts

Samples: Employee Stock Option Agreement (Autobytel Inc), Employee Stock Option Agreement (Autobytel Inc), Option Agreement (Autobytel Inc)

Death of Optionee. In the event of the death of Optionee while in Service or within 3 months following the termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee’s Service, the this Option may be exercised at any time within twelve (12) 12 months following the date of death (but in by any beneficiary properly designated by the Optionee or, if no event later than the date of expiration of the term of this Option as set forth in Section 10 below)such beneficiary exists, by the Optionee's ’s estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent the Optionee could exercise is vested in the Option at the date of deathShares.

Appears in 5 contracts

Samples: Employment Agreement (Martha Stewart Living Omnimedia Inc), Employment Agreement (Martha Stewart Living Omnimedia Inc), Employment Agreement (Martha Stewart Living Omnimedia Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Avistar Communications Corp)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Non Statutory Stock Option Agreement (Genesys Telecommunications Laboratories Inc), Merger Agreement (Usweb Corp), Stock Option Agreement (Loislaw Com Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 180 days 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Stock Option Agreement (Flanders Corp), Stock Option Agreement (Flanders Corp), Stock Option Agreement (Flanders Corp)

Death of Optionee. In the event of the death of Optionee while in Service or within 3 months following the termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeService, the this Option may be exercised at any time within twelve (12) 12 months following the date of death (but in by any beneficiary properly designated by the Optionee or, if no event later than the date of expiration of the term of this Option as set forth in Section 10 below)such beneficiary exists, by the Optionee's ’s estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent the Optionee could exercise is vested in the Option at the date of deathShares.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement (Martha Stewart Living Omnimedia Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the The Option may be exercised at any time within twelve (12) months following after the date of Optionee's death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 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 the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Stock Option Agreement (Spectrian Corp /Ca/), Stock Option Agreement (Spectrian Corp /Ca/), Stock Option Agreement (Spectrian Corp /Ca/)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee during the term of this Option, the Option may be exercised exercised, at any time within twelve (12) months 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 10 below)death, by Optionee's ’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 Optionee could right to exercise the Option at that had accrued as of the date of death.

Appears in 3 contracts

Samples: Non Statutory Stock Option Grant Agreement (Silicon Graphics Inc), Director’s Option Agreement (Silicon Graphics Inc), Non Statutory Stock Option Grant Agreement (Silicon Graphics Inc)

Death of Optionee. In Notwithstanding the provisions of Section 7 above, in the event of termination of Optionee's Continuous Status service as an Employee or Consultant a director of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 below)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 Optionee could exercise have exercised the Option at the date of death.

Appears in 3 contracts

Samples: Option Agreement (Travelscape Com Inc), Option Agreement (Travelscape Com Inc), Option Agreement (Travelscape Com Inc)

Death of Optionee. In the event of termination of the Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optioneedeath, the Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the date of expiration of the term of this Option as set forth in Section 10 belowExpiration Date), by the 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 Optionee could exercise the Option at the date of death.

Appears in 3 contracts

Samples: Stock Option Agreement (RHL Group, Inc.), Stock Option Agreement (MMR Information Systems, Inc.), Stock Option Agreement (RHL Group, Inc.)

Death of Optionee. In the event of termination of Optionee's ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 3 contracts

Samples: Stock Option Agreement (Peregrine Semiconductor Corp), Stock Option Agreement (Omnivision Technologies Inc), Stock Option Agreement (Cisco Systems Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s Service as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 belowExpiration Date), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 2 contracts

Samples: Inducement Stock Option Agreement, Inducement Stock Option Agreement (Autobytel Inc)

Death of Optionee. In Notwithstanding the provisions of Section 6 above, in the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 2 contracts

Samples: Stock Option Agreement (Vacu Dry Co), Stock Option Agreement (Accuimage Diagnostics Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee during the term of this Option and while a Service Provider since the date of grant of the Option, the Option may be exercised exercised, at any time within twelve six (126) months 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 10 below)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 Optionee could right to exercise that the Option at vested as of the Optionee's date of death.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Linear Technology Corp /Ca/), Nonstatutory Stock Option Agreement (Linear Technology Corp /Ca/)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Optionee this Option may be exercised exercised, at any time within twelve six (126) months 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 10 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 would have accrued had Optionee could exercise the Option at the date of deathcontinued living.

Appears in 2 contracts

Samples: Stock Option Agreement (Prophet 21 Inc), Stock Option Agreement (Unidigital Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of the Optionee, the Option may be exercised exercised, at any time within twelve six (126) months 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 10 below)death, by the 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 Optionee could right to exercise the Option that had accrued at the date of death. Notwithstanding the foregoing, in no event may the Option be exercised after its term has expired.

Appears in 2 contracts

Samples: Director's Stock Option Agreement (Mips Technologies Inc), Director's Stock Option Agreement (Mips Technologies Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee during the term of this Option, the Option may be exercised exercised, at any time within twelve three (123) months years 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 10 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 the Optionee could was entitled to exercise the Option at the date of death.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (United Shipping & Technology Inc), Non Statutory Stock Option Agreement (U Ship Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of an Optionee, the Option may be exercised exercised, at any time within twelve (12) months following the date of death (but in no event later than the expiration date of expiration of the term of this Option as set forth in Section 10 belowOption), by the Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance. If Optionee does not exercise such Option within the time specified herein, but only to the extent the Optionee could exercise the Option at the date of deathshall terminate.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Valuevision Media Inc), Non Qualified Stock Option Agreement (Valuevision Media Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optioneean Optionee while an Employee, the his or her Option which is subject to this Addendum may be exercised at any time within twelve six (126) months following the date of death (but in no event later than by the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent that the Optionee could was entitled to exercise the Option at the date of the Optionee’s death.

Appears in 1 contract

Samples: 2007 Omnibus Securities and Incentive Plan (Outbrain Inc.)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration Expiration Date of the term Term of this Option as set forth in Section 10 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 the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Connetics Corp)

Death of Optionee. In the event of termination of the Optionee's Continuous Status as an Employee ’s death, the personal or Consultant as a result legal representatives of the death Optionee may exercise this Option to the extent not previously exercised and to the extent this Option could have been exercised on the Optionee’s date of Optionee, the Option may be exercised at any time death. Such exercise must occur within twelve (12) 12 months following after the date of death (but of the Optionee, and in no event later than after the date of expiration of the term of this Option as set forth in Section 10 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 the Optionee could exercise the Option at the date of deathExpiration Date.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Smartfinancial Inc.)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optioneethe Optionee during the term of this Option, the Option may be exercised exercised, at any time within twelve (12) months 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 10 below)death, by the Optionee's ’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 Optionee could right to exercise the Option that had accrued at the date of death. Notwithstanding the foregoing, in no event may the Option be exercised after its five (5) year term has expired.

Appears in 1 contract

Samples: Director’s Option Agreement (Silicon Graphics Inc)

AutoNDA by SimpleDocs

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of the Optionee, the Option may be exercised exercised, at any time within twelve (12) 12 months following the date of death (but in no event instance later than the expiration date of expiration of the term of this Option as set forth in Section 10 belowOption), by the Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance. If the Optionee’s Successor does not exercise such Option within the time specified herein, but only to the extent the Optionee could exercise the Option at the date of deathshall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Fsi International Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of an Optionee, the Option may be exercised exercised, at any time within twelve (12) 12 months following the date of death (but in no event later than the expiration date of expiration of the term of this Option as set forth in Section 10 belowOption), by the Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance. If Optionee does not exercise such Option within the time specified herein, but only to the extent the Optionee could exercise the Option at the date of deathshall terminate.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Valuevision Media Inc)

Death of Optionee. In the event of termination of the Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee’s death, the Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the date of expiration of the term of this Option as set forth in Section 10 belowTerm/Expiration Date), by the Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boyd Gaming Corp)

Death of Optionee. In the event of termination of the Optionee's Continuous Status as an Employee ’s death, the personal or Consultant as a result legal representatives of the death Optionee may exercise this Option to the extent not previously exercised and to the extent this Option could have been exercised on the Optionee’s date of Optionee, the Option may be exercised at any time death. Such exercise must occur within twelve (12) months following after the date of death (but of the Optionee, and in no event later than after the date of expiration of the term of this Option as set forth in Section 10 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 the Optionee could exercise the Option at the date of deathExpiration Date.

Appears in 1 contract

Samples: Unqualified Stock Option Award Agreement (Smartfinancial Inc.)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optioneethe Optionee during the term of this Option, the Option may be exercised exercised, at any time within twelve (12) months 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 10 below)death, by the Optionee's ’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 Optionee could right to exercise the Option that had accrued at the date of death. Notwithstanding the foregoing, in no event may the Option be exercised after its ten (10) year term has expired.

Appears in 1 contract

Samples: Director’s Option Agreement (Silicon Graphics Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised in full at any time within twelve six (126) months 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 10 belowExpiration Date), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only even if the right to the extent the Optionee could exercise the Option shall not have otherwise accrued at the date of death. All rights to exercise the Option shall expire and be of no further force or effect after such six month period.

Appears in 1 contract

Samples: Stock Option Agreement (Franklin Resources Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months 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 10 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 the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Ribogene Inc / Ca/)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option ----------------- may be exercised at any time within twelve (12) months 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 10 belowExpiration Date), 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 Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Openwave Systems Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee (a) during the term of this Option and prior to the Termination of Optionee, or (b) within three months after Optionee’s Termination Date if the Termination was not due to Cause, the Option may be exercised at any time within twelve (12) months 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 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent Optionee was vested in the Optionee could exercise Shares as of the Option at the date of deathTermination Date.

Appears in 1 contract

Samples: Stock Option Agreement (Human Pheromone Sciences Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 9 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, inheritance but only to the extent the Optionee could exercise the Option at the date of death. 8.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Kara International Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 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 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Symantec Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee during the term of this Option, the Option may be exercised exercised, at any time within twelve three (123) months years 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 10 12 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 the Optionee could was entitled to exercise the Option at the date of death.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (United Shipping & Technology Inc)

Death of Optionee. In the event of termination Optionee's death, the Option (to the extent it was exercisable immediately preceding Optionee's death) may be exercised within 12 months of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optioneedeath, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event not later than the date of expiration of the term of this Option as set forth in Section 10 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 the Optionee could exercise the Option at the date of deathExpiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Cohr Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optioneedeath, the Option may be exercised at any time within twelve six (126) months following the date of death (but and in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), Term/Expiration Date) 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 Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Zebu)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the The Option may be exercised at any time within twelve six (126) months following after the date of Optionee's death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 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 the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Cadence Design Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!