Common use of Death or Disability of Participant Clause in Contracts

Death or Disability of Participant. In the event of the Participant's death or disability, the Participant or the Participant's beneficiary, as the case may be, may exercise outstanding Options to the extent that the Participant was entitled to exercise the Options at the date of Termination of Continuous Service, but only within the one (1) year period immediately succeeding the Participant's Termination of Continuous Service in the case of disability, and in no event after the applicable expiration date of the Options. Any Option that is unvested or not exercisable on the date of Termination of Continuous Service shall terminate and be forfeited effective on such date.