Common use of Death of the Optionee Clause in Contracts

Death of the Optionee. In the event of the death of the Optionee during the Term of the Option while the Optionee is an Employee, Non-Employee Director or Consultant and in Continuous Service from the Grant Date until the date of death, the Option may be exercised at any time within six months following the date of death by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest, inheritance or otherwise as a result of the Optionee’s death, but only to the extent that the Optionee would have been entitled to exercise the Option at the date of death, subject to the condition that no option shall be exercised after the expiration of the Term of the Option.

Death of the Optionee. In the event of the death of the Optionee during the Term of the Option while the Optionee is an Employeeemployee, Non-Employee Director director or Consultant consultant and in Continuous Service if the Optionee’s service as such was uninterrupted from the Grant Date until the date of death, the Option may be exercised at any time within six months following the date of death by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest, inheritance or otherwise as a result of the Optionee’s death, but only to the extent that of the Optionee would have been entitled accrued right to exercise the Option at the date time of death, subject to provided that the condition that no option Option shall not be exercised after its expiration in accordance with the expiration terms of the Term of the Optionthis Agreement.

Death of the Optionee. In the event of the death of the Optionee during the Term of the Option while the Optionee is an Employee, Non-Employee Director or Consultant and in Continuous Service as such from the Grant Date until the date of death, the Option may be exercised at any time within six months following the date of death by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest, inheritance or otherwise as a result of the Optionee’s death, but only to the extent that of the Optionee would have been entitled accrued right to exercise the Option at the date time of death, subject to the condition that no option shall be exercised after the expiration of the Term of the Option.