Common use of Employment Termination Due to Death Clause in Contracts

Employment Termination Due to Death. If the Grantee’s employment with the Company or any of its affiliates terminates as a result of the Grantee’s death, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 3 contracts

Samples: Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners)

AutoNDA by SimpleDocs

Employment Termination Due to Death. If the Grantee’s 's employment with the Company or any of its affiliates terminates as a result of the Grantee’s 's death, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Grant Agreement (General Electric Co), General Electric Co

AutoNDA by SimpleDocs

Employment Termination Due to Death. If the Grantee’s employment service with the Company or any of its affiliates terminates as a result of the Grantee’s death, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Universal City Travel Partners)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!