Common use of Death or Disability of Optionee Clause in Contracts

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee ("Option Period"), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve months after the date of the Optionee's death or Disability by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a testamentary disposition of the Option or shall die intestate, by the person or persons entitled to receive the Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability Disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including ninety ("90) days after termination of employment or services (the “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability Disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including 90 days after termination of services (the "Option Period"), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's death or Disability by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability Disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including ninety ("90) days after termination of services (the “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") Disability of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including ninety ("90) days after termination of services (“Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") Disability of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including ninety ("90) days after termination of employment or services ( “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 9 to exercise the Option.

Death or Disability of Optionee. In the event of the death or the disability (as that term is defined in the Plan, referred to herein as "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee ("Option Period"), the Option shall lapse unless it is exercised within the Option Period Period, and in no event later than twelve months after the date of the Optionee's death or Disability Disability, by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a testamentary disposition of the Option or shall die intestate, by the person or persons entitled to receive the Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") Disability of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee, including the period the Optionee is permitted to exercise the Option upon termination of employment pursuant to paragraph 8.1 ("the “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament testament, or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or the disability (as that term is defined in the Plan, referred to herein as "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee ("Option Period"), the Option shall lapse unless it is exercised within the Option Period Period, and in no event later than twelve 12 months after the date of the Optionee's death or Disability Disability, by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a testamentary disposition of the Option or shall die intestate, by the person or persons entitled to receive the Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or the disability (as that term is defined in the PlanAgreement, referred to herein as "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee ("Option Period"), the Option shall lapse unless it is exercised within the Option Period Period, and in no event later than twelve months after the date of the Optionee's death or Disability Disability, by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a testamentary disposition of the Option or shall die intestate, by the person or persons entitled to receive the Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability Disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including 90 days after termination of employment or services (the "Option Period"), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's death or Disability by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a 2 3 testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or the disability (as that term is defined in the Plan, referred to herein as "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee ("Option Period"), the Option shall lapse unless it is exercised within the Option Period Period, and in no event later than twelve (12) months after the date of the Optionee's death or Disability Disability, by the Optionee or the Optionee's legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's last will and testament or if the Optionee fails to make a testamentary disposition of the Option or shall die intestate, by the person or persons entitled to receive the Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee, including the period the Optionee is permitted to exercise the Option upon termination of employment pursuant to paragraph 8.1 ("the “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament testament, or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disabilitydisability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") Disability of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including ninety ("90) days after termination of employment or services (the “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability Disability (as that term is defined in the Plan, "Disability") of the Optionee within a period during which the Option, or any part thereof, could have been exercised by Optionee, including 90 days after termination of employment or service (the Optionee ("“Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve 12 months after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Date. The Committee Board shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 to exercise the Option.

Death or Disability of Optionee. In the event of the death or disability (as that term is defined in the Plan, "Disability") Disability of the Optionee within a period during which the Option, or any part thereof, could have been exercised by the Optionee Optionee, including ninety ("90) days after separation of employment due to death or Disability (the “Option Period"”), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve months ninety (90) days after the date of the Optionee's ’s death or Disability by the Optionee or the Optionee's ’s legal representative or representatives in the case of a Disability or, in the case of death, by the person or persons entitled to do so under the Optionee's ’s last will and testament or if the Optionee fails to make a testamentary disposition of the such Option or shall die intestate, by the person or persons entitled to receive the such Option under the applicable laws of descent and distribution. An Option may be exercised following the death or Disability of the Optionee only if the Option was exercisable by the Optionee immediately prior to his death or Disability. In no event shall the Option be exercisable after the Expiration Dateits expiration date. The Committee Company shall have the right to require evidence satisfactory to it of the rights of any person or persons seeking to exercise the Option under this paragraph 8 Section to exercise the Option.