Common use of Death of Participant Clause in Contracts

Death of Participant. Notwithstanding Section 5.4.1, if a Participant dies prior to the expiration of his or her Options, the Committee may provide that his or her Options shall be exercisable for up to twelve (12) months after the date of death.

Appears in 6 contracts

Samples: Tibco Software Inc, Tibco Software Inc, Tibco Software Inc

AutoNDA by SimpleDocs

Death of Participant. Notwithstanding Section 5.4.1, if a Participant dies prior to the expiration of his or her Options, the Committee Committee, in its discretion, may provide that his or her Options shall be exercisable for up to twelve three (123) months years after the date of death.

Appears in 6 contracts

Samples: 2004 Equity Incentive Plan (Pixar \Ca\), Award Agreement (Edwards J D & Co), Award Agreement (Lsi Logic Corp)

Death of Participant. Notwithstanding Section 5.4.1, if a Participant dies prior to the expiration of his or her Options, the Committee Committee, in its discretion, may provide that his or her Options shall be exercisable for up to twelve one (121) months year after the date of death.

Appears in 3 contracts

Samples: Helios & Matheson Analytics Inc., Helios & Matheson Analytics Inc., Helios & Matheson Analytics Inc.

AutoNDA by SimpleDocs

Death of Participant. Notwithstanding Section 5.4.1, if a Participant dies prior to the expiration of his or her Options, the Committee Committee, in its discretion, may provide that his or her Options shall be exercisable for up to twelve (12) months after the date of death.

Appears in 1 contract

Samples: Trikon Technologies Inc

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