Common use of Death of Optionee Clause in Contracts

Death of Optionee. If Optionee ceases to be a Service Provider as a result of Optionee’s death, the Option, to the extent vested as of the date of death, shall remain exercisable for twelve (12) months following the date of death (but in no event later than the expiration date of the term of the Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 11 contracts

Samples: Stock Option Agreement (Priveterra Acquisition Corp.), Director Retainer Agreement, Director Retainer Agreement (Aoxin Tianli Group, Inc.)

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Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of at the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 10 contracts

Samples: Stock Option Agreement, Stock Option Agreement (Airxpanders Inc), Stock Option Agreement (AeroVironment Inc)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of on the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 5 contracts

Samples: Stock Option Agreement (Principia Biopharma Inc.), Stock Option Agreement (Sagimet Biosciences Inc.), Stock Option Agreement (Coherus BioSciences, Inc.)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the Option as set forth in the Notice of GrantExpiration Date) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of at the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option Optionee is not vested as of in the Option at the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 4 contracts

Samples: Stock Option Agreement (LOCAL.COM), Stock Option Agreement (LOCAL.COM), Stock Option Agreement (LOCAL.COM)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of Optionee’s death, the Option, to the extent vested as of the date of death, shall remain exercisable for twelve six (126) months following the date of death (but in no event later than the expiration date of the term of the Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of Optionee’s death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s 's estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option Optionee is not vested as of in the Option at the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 3 contracts

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

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the Optionee’s 's death, the Option, to the extent vested as of the date of death, shall remain exercisable for twelve (12) months following the date of death (but in no event later than the expiration date Expiration Date of the term of the Option as set forth in the Notice of Stock Option Grant) by Optionee’s 's estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Stock Option Agreement (Capstone Turbine Corp), Stock Option Agreement (Capstone Turbine Corp), Stock Option Agreement (Capstone Turbine Corp)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s 's estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of at the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Stock Option Agreement (Skilled Healthcare Group Inc), Stock Option Agreement (Broadcom Corp)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the Optionee’s death, the Option, to the extent vested as of the date of death, shall remain exercisable for twelve (12) months following the date of death (but in no event later than the expiration date of the term of the Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Employment Agreement (Guidance Software, Inc.), Stock Option Agreement (Guidance Software, Inc.)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of GrantGrant Notice) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Grant Notice (GrubHub Seamless Inc.)

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Death of Optionee. If Optionee ceases to be a Service Provider as a result of Optionee’s 's death, the Option, to the extent vested as of the date of death, shall remain exercisable for twelve (12) months following the date of death (but in no event later than the expiration date of the term of the Option as set forth in the Notice of Grant) by Optionee’s 's estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Guidance Software, Inc.)

Death of Optionee. If Optionee ceases to be a Service Provider as a ----------------- result of the death of Optionee’s death, the Option, Option shall become fully vested and exercisable with respect to all Shares covered thereby and the extent vested as of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s 's estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Ginsburg Scott K)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date Term/Expiration Date of the term of the this Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of on the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Duolingo, Inc.)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of Optionee’s death, the Option, to the extent vested as of the date of death, shall remain remains exercisable for twelve (12) 12 months following the date of death (but in no event later than the expiration date of the term of the Option as Expiration Date set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminateterminates.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Trimas Corp)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of GrantSection 2) by Optionee’s 's estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of at the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vicinity Corp)

Death of Optionee. If the Optionee ceases to be dies while a Service Provider as a result of Optionee’s deathProvider, the Option, to the extent vested as of the date of death, shall remain exercisable for Option may be exercised at any time within twelve (12) months following the date of death except as otherwise provided in the Severance Agreement (but in no event later than the expiration date of the term of the this Option as set forth in the Notice of Grant) ), by the Optionee’s estate or by a person who acquires acquired the right to exercise the Option by bequest or inheritance. To If, after death, the extent that Optionee’s estate or a person who acquired the right to exercise the Option is by bequest or inheritance does not vested as of the date of death, or if exercise the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stand Alone Non Statutory Stock Option Agreement (Fei Co)

Death of Optionee. If Optionee ceases to be a Service Provider as a result of the death of Optionee’s death, the Option, to the extent vested as portion of the date of death, shall remain exercisable for twelve (12Option may be exercised at any time within twelve(12) months following the date of death (but and in no event later than the expiration date of the term of the this Option as set forth in the Notice of GrantGrant Notice) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested as of the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Grant Notice (GrubHub Inc.)

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