Death of the Participant. In the event of the death of the Participant while any portion of the Option and/or the SAR are outstanding, the Option and/or the SAR may be exercised prior to the Expiration Date by the duly appointed and qualified executor or other personal representative of the Participant, and the shares of Common Stock received upon such exercise shall be made to such executor or representative to be distributed in accordance with the Participant’s will or applicable intestacy law.
Appears in 12 contracts
Samples: Non Qualified Stock Option and Sar Award Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Award Agreement (KEMPER Corp), Non Qualified Stock Option and Sar Award Agreement (KEMPER Corp)
