Common use of Equity Incentive Clause in Contracts

Equity Incentive. Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.

Equity Incentive. Subject to the terms of any applicable agreement, [a] the Executive Executive’s Beneficiary may exercise any outstanding stock options that are then vested when the Executive became Disabled dies and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled dies if the Executive had not become Disableddied.