Common use of Death of Optionee Clause in Contracts

Death of Optionee. In the event of the death of Optionee while in the employ of the Company, the Option may be exercised to the extent Optionee shall have been entitled to do so at the date of death, within a period of one year after the date of death, but in no case later than the Expiration Date set forth above. In such event, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distribution.

Death of Optionee. In If Optionee dies while employed by the event Company or within three (3) months after the termination of the death of Optionee while in the employ of the Companyhis employment, the Option may be exercised to by the extent Optionee legal representative of his estate, or by any person or persons who shall have been entitled to do so acquired the Option directly from Optionee by bequest or inheritance, at the date of death, any time within a period of one (1) year after the date of his death, but in no case later not more than ten (10) years from the Expiration Date set forth abovedate hereof. In To the extent the Option has not been exercised by such eventtime, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distributionterminate.

Death of Optionee. In If Optionee dies while employed by the event Company or one of its subsidiaries and during the death term of Optionee while in the employ of the Companythis Option, the this Option may be exercised by any person who obtains the rights of Optionee by will or by operation of the laws of descent and distribution of the domicile of Optionee at the date of his death, but only to the extent Optionee shall have been entitled to do so at of exercise installments which had accrued as of the date of death, and only within a period of one (1) year after the date of death, but in no case later than such death or until the Expiration Date set forth above. In such eventDate, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distributionwhichever occurs first.

Death of Optionee. In the event of the death of the Optionee while in the employ of the Company or a Subsidiary of the Company, the Option may be exercised to the extent Optionee shall have been entitled to do so this option will become exercisable in full at the date of death, death and may be exercised within a period of one year after the date of death, but in no case later than the Expiration Date set forth above. In such event, the Option this option shall be exercisable only by the executors or administrators of the Optionee or by the person or persons to whom the Optionee’s 's rights under the Option option shall pass by the Optionee’s 's will or the laws of descent and distribution.

Death of Optionee. In the event of the death of the Optionee while in the employ of the Company, the Option this option may be exercised exercised, to the extent the Optionee shall have been entitled to do so at the date of death, within a period of one year after the date of death, but in no case later than the Expiration Date set forth above. In such event, the Option this option shall be exercisable only by the executors or administrators of the Optionee or by the person or persons to whom the Optionee’s rights under the Option option shall pass by the Optionee’s will or the laws of descent and distribution.

Death of Optionee. In If Optionee dies while employed by the event Company or one of its Subsidiaries and during the death term of Optionee while in the employ of the Companythis Option, the this Option may be exercised by any person who obtains the rights of Optionee by will or by operation of the laws of descent and distribution of the domicile of Optionee at the date of his death, but only to the extent Optionee shall have been entitled to do so at of exercise installments which had vested as of the date of death, and only within a period of one year twenty four (24) months after the date of death, but in no case later than such death or until the Expiration Date set forth above. In such eventDate, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distributionwhichever occurs first.

Death of Optionee. In the event of the death of the Optionee while in employed by the employ Company or by a subsidiary of the Company, the Option this option will become fully vested and may be exercised to the extent Optionee shall have been entitled to do so at the date of death, within a period of one year after the date of death, but in no case later than the Expiration Date set forth aboveDate. In such event, the Option this option shall be exercisable only by the executors or administrators of the Optionee or by the person or persons to whom the Optionee’s 's rights under the Option option shall pass by the Optionee’s will 's Will or the laws of descent and distribution, as applicable.

Death of Optionee. In If Optionee dies while employed by the event Company or one of its subsidiaries and during the death term of Optionee while in the employ of the Companythis Option, the this Option may be exercised to by any person who obtains the extent rights of Optionee shall have been entitled to do so by will or by operation of the laws of descent and distribution of the domicile of Optionee at the date of death, his death only within a period of one (1) year after the date of death, but in no case later than such death or until the Expiration Date set forth above. In such eventDate, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distributionwhichever occurs first.

Death of Optionee. In the event of the death of the Optionee while in the employ of the Company or a subsidiary of the Company, the Option may be exercised to the extent Optionee shall have been entitled to do so this option will become exercisable in full at the date of death, death and may be exercised within a period of one year after the date of death, but in no case later than the Expiration Date set forth above. In such event, the Option this option shall be exercisable only by the executors or administrators of the Optionee or by the person or persons to whom the Optionee’s rights under the Option option shall pass by the Optionee’s will Will or the laws of descent and distributiondistribu­tion.

Death of Optionee. In If the event of the death of Optionee shall die while in the employ of the Company or within a period of three months after the termination, other than for cause, of Optionee’s duties with the Company, at a time when the Optionee is entitled to exercise the Option and Optionee shall not have fully exercised the Option, the Option may be exercised (subject to the extent Optionee condition that no Option shall have been entitled to do so at be exercisable after the expiration of ten years from the date of death, it is granted) at any time within a period of one year after the date of Optionee’s death, but in no case later than the Expiration Date set forth above. In such event, the Option shall be exercisable only by the executors or of administrators of the Optionee or by the any person or persons to whom Optionee’s rights under who shall have acquired the Option shall pass directly from the Optionee by Optionee’s will bequest or the laws of descent and distributioninheritance.

Death of Optionee. In If Optionee dies while employed by the event Company or one of its subsidiaries and during the death term of Optionee while in the employ of the Companythis Option, the this Option may be exercised to by any person who obtains the extent rights of Optionee shall have been entitled to do so by will or by operation of the laws of descent and distribution of the domicile of Optionee at the date of death, his death and only within a period of one (1) year after the date of death, but in no case later than such death or until the Expiration Date set forth above. In such eventDate, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distributionwhichever occurs first.

Death of Optionee. In If the event of the death of Optionee dies while in the employ an employee of the Company, the Option portion of the option unexercised at the date of death may be exercised to by the extent Optionee shall have been person entitled to do so at the date of death, within a period of one year after the date of death, but in no case later than the Expiration Date set forth above. In such event, the Option shall be exercisable only by the executors or administrators of Optionee or by the person or persons to whom Optionee’s rights under the Option shall pass by Optionee’s will or the laws of descent and distribution. The option may be exercised within three years of the Optionee’s date of death. However, in no event can the option be exercised after the later of the Expiration Date or one year after the date of the Optionee’s death.

Death of Optionee. In the event of the death of the Optionee while in the employ of the Company or a subsidiary of the Company, the Option may be exercised to the extent Optionee shall have been entitled to do so this option will become exercisable in full at the date of death, death and may be exercised within a period of one year after the date of death, but in no case later than the Expiration Date set forth above. In such event, the Option this option shall be exercisable only by the executors or administrators of the Optionee or by the person or persons to whom the Optionee’s 's rights under the Option option shall pass by the Optionee’s will 's Will or the laws of descent and distribution.