Death or Disability of Option Holder. If the Option Holder's employment with the Company is terminated within the Option Period because of the Option Holder's death or disability (within the meaning of Code Section 22(e)), the Option will remain exercisable, to the extent that it was exercisable on the date of the Option Holder's death or disability, for a period of twelve months after such date; provided, however, that in no event may the Option be exercised after the expiration of the Option Period.
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Samples: Statutory Stock Option Agreement (Aurelio Resource Corp), Option Agreement (Aurelio Resource Corp), Incentive Stock Option Agreement (GDC Group Inc)
Death or Disability of Option Holder. If In the event that the Option Holder's employment with the Company is terminated ceases within the Option Period or within the three-month period described in (a) above, because of the Option Holder's death or disability (within the meaning of Code Section 22(e))disability, the Option will shall remain exercisable, to the extent that it was exercisable on the date of the Option Holder's death or disability, for a period of twelve months one (1) year after such date; provided, however, that in no event may the Option be exercised after the expiration of the Option Period.
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