Common use of Disability or Death of Optionee Clause in Contracts

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by or affiliated with the Corporation or a Subsidiary, or during the three-month period referred to in Paragraph 4 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s disability or death but before such expiration, the person or persons to whom Optionee’s rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s estate, subject to the provisions of Paragraph 12 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation or a Subsidiary. For purposes hereof, “disability” shall have the same meaning as set forth in the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by or affiliated with the Corporation Company or a Subsidiary, or during the threeninety-month day period referred to in Paragraph 4 5 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s 's disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s 's disability or death but before such expiration, the person or persons to whom Optionee’s 's rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s 's estate, subject to the provisions of Paragraph 12 13 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation Company or a Subsidiary. For purposes hereof, “"disability” " shall have the same meaning as set forth in Section 14 of the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by or affiliated with the Corporation or a Subsidiary, or during the three-month period referred to in Paragraph 4 6 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s 's disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s 's disability or death but before such expiration, the person or persons to whom Optionee’s 's rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s 's estate, subject to the provisions of Paragraph 12 14 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation or a Subsidiary. For purposes hereof, “"disability” " shall have the same meaning as set forth in Section 14 of the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by by, or affiliated with with, the Corporation Bank or a Subsidiary, or during the three-month ninety (90)-day period referred to in Paragraph 4 5 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s 's disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s 's disability or death but before such expiration, the person or persons to whom Optionee’s 's rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s 's estate, subject to the provisions of Paragraph 12 13 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation Bank or a Subsidiary. For purposes hereof, “"disability” " shall have the same meaning as set forth in Section 14 of the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by by, or affiliated with with, the Corporation Company or a Subsidiary, or during the three-month ninety (90)-day period referred to in Paragraph 4 5 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s disability or death but before such expiration, the person or persons to whom Optionee’s rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s estate, subject to the provisions of Paragraph 12 13 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation Company or a Subsidiary. For purposes hereof, “disability” shall have the same meaning as set forth in Section 14 of the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by or affiliated with the Corporation Bank or a Subsidiary, or during the three-month period referred to in Paragraph 4 5 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s 's disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s 's disability or death but before such expiration, the person or persons to whom Optionee’s 's rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s 's estate, subject to the provisions of Paragraph 12 13 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation Bank or a Subsidiary. For purposes hereof, “"disability” " shall have the same meaning as set forth in Section 14 of the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by or affiliated with the Corporation Company or a Subsidiary, or during the threeninety-month day period referred to in Paragraph 4 5 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s disability or death but before such expiration, the person or persons to whom Optionee’s rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s estate, subject to the provisions of Paragraph 12 13 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation Company or a Subsidiary. For purposes hereof, “disability” shall have the same meaning as set forth in Section 14 of the Plan.

Disability or Death of Optionee. If Optionee becomes disabled or dies while employed by or affiliated with the Corporation or a Subsidiary, or during the three-month period referred to in Paragraph 4 hereof, this Stock Option shall automatically expire and terminate one (1) year after the date of Optionee’s 's disability or death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee’s 's disability or death but before such expiration, the person or persons to whom Optionee’s 's rights under this Stock Option shall have passed by order of a court of competent jurisdiction or by will or the applicable laws of descent and distribution, or the executor, administrator or conservator of Optionee’s 's estate, subject to the provisions of Paragraph 12 hereof, shall have the right to exercise this Stock Option to the extent that increments, if any, had become exercisable as of the date on which Optionee ceased to be employed by or affiliated with the Corporation or a Subsidiary. For purposes hereof, “"disability” " shall have the same meaning as set forth in the Plan.