Common use of Death or Disability of Employee Clause in Contracts

Death or Disability of Employee. In the event of the death or disability of an Employee while employed by Centrum or a Centrum affiliate, his/her right to purchase Shares may be exercised (to the extent that Employee was entitled to do so at the date of his/her death or disability) by him/her or, in the case of the death of Employee, by his/her personal representative or by any person or persons who shall have acquired the option directly from Employee by will or by the laws of descent and distribution, at any time within three (3) months after the date of his/her death or disability; provided that if an Employee is disabled as defined in Section 2 of this Agreement, the three (3) month period referred to above shall be read as one (1) year. Notwithstanding anything herein to the contrary, no option shall be exercisable after the expiration of the term of the option set forth in Section 6.

Death or Disability of Employee. In the event of the death or disability of an Employee while employed by Centrum or a Centrum affiliate, his/her right to purchase Shares may be exercised (to the extent extend that Employee was entitled to do so at the date of his/her death or disability) by him/her or, in the case of the death of Employee, by his/her personal representative or by any person or persons who shall have acquired the option directly from Employee by will or by the laws of descent and distribution, at any time within three (3) months after the date of his/her death or disability; provided that if an Employee is disabled as defined in Section 2 of this Agreement, the three (3) month period referred to above shall be read as one (1) year. Notwithstanding anything herein to the contrary, no option shall be exercisable after the expiration of the term of the option set forth in Section 6.. SECTION 6 -

Death or Disability of Employee. In the event of the death or disability of an Employee while employed by Centrum or a Centrum affiliate, his/her right to purchase Shares may be exercised (to the extent extend that Employee was entitled to do so at the date of his/her death or disability) by him/her or, in the case of the death of Employee, by his/her personal representative or by any person or persons who shall have acquired the option directly from Employee by will or by the laws of descent and distribution, at any time within three (3) months after the date of his/her death or disability; provided that if an Employee is disabled as defined in Section 2 of this Agreement, the three (3) month period referred to above shall be read as one (1) year. Notwithstanding anything herein to the contrary, no option shall be exercisable after the expiration of the term of the option set forth in Section 6.

Death or Disability of Employee. In the event of the death or disability of an a Employee while employed by a employee of Centrum or a Centrum affiliate, his/her right to purchase Shares may be exercised (to the extent extend that Employee was entitled to do so at the date of his/her death or disability) by him/her or, in the case of the death of Employee, by his/her personal representative or by any person or persons who shall have acquired the option directly from Employee by will or by the laws of descent and distribution, or at any time within three (3) months month after the date of his/her death or disability; provided that if an Employee is disabled as defined in Section 2 of this Agreement, the three (3) month period referred to above shall be read as one (1) year. Notwithstanding anything herein to the contrary, no option shall be exercisable after the expiration of the term of the option set forth in Section 6.