Common use of Death or Incapacity Clause in Contracts

Death or Incapacity. If Employee's employment is terminated for death or "Incapacity" (as defined in Section 6(c) of the Employment Agreement), Employee or Employee's estate, as the case may be, shall have the right for six (6) months following the Date of Termination to exercise this option, but only to the extent that this option was exercisable on such Date of Termination.

Appears in 10 contracts

Samples: Option Agreement (Intervisual Books Inc /Ca), Nonstatutory Stock Option Agreement (Intervisual Books Inc /Ca), Nonstatutory Stock Option Agreement (Intervisual Books Inc /Ca)

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Death or Incapacity. If Employee's employment is terminated for death death, disability or "Incapacity" (as defined in Section 6(c) of the Employment Agreement)incapacity, Employee or Employee's estate, as the case may be, shall have the right for six (6) months following the Date date of Termination termination to exercise this option, but only to the extent that this option was exercisable on such Date date of Terminationtermination.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Intervisual Books Inc /Ca), Nonstatutory Stock Option Agreement (Intervisual Books Inc /Ca)

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Death or Incapacity. If Employee's employment is terminated for death or "Incapacitydisability" (as defined in determined under Section 6(c7(b) of the Employment Agreement), Employee or Employee's estate, as the case may be, shall have the right for six (6) months following the Date of Termination to exercise this option, but only to the extent that this option was exercisable on such Date of Termination.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Intervisual Books Inc /Ca)

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