Exercise After Death or Disability. If Optionee's employment is terminated by reason of Optionee's death or Optionee's permanent disability, as defined in Section 22(e) of the Code or in any successor statute or regulation, or if Optionee dies within three (3) months after any other termination of his employment, then for a period of one (1) year after Optionee dies or becomes permanently disabled this option may be exercised as to all or a portion of the rights accrued under subparagraph 1.a above as of the date of employment termination.
Exercise After Death or Disability. In the event that the Optionee dies or becomes Disabled while in, or within ninety days after ceasing to be a Director of the Company, the Optionee shall be treated for all purposes of this Agreement as continuing in the service of the Company throughout the period ending on the date as of which the last Option granted to the Optionee hereunder would have expired under the provisions of this Article III but for the Optionee's death or Disability.
Exercise After Death or Disability. If the Participant’s employment or service is terminated due to the Participant’s death or Total and Permanent Disability, without this option having been exercised in full, the remaining portion of this option, determined without regard to the limitations in subsection 2(a), may be exercised within the earlier of (i) three years from the date of death or Total and Permanent Disability, or (ii) the remaining period of this option. In the case of a Participant who dies, this option may be exercised by the person or persons to whom the Participant's rights under this option shall pass by will or Exhibit 10.3 by applicable law or, if no such person has such rights, by his executor or administrator.
Exercise After Death or Disability. If the Employee dies without having exercised the Option for the full number of shares with respect to which it was exercisable at the time of Employee's death, the Option shall remain exercisable with respect to such remaining shares until the earlier of (i) one year from the date of death, and (ii) the generally applicable Expiration Date of the Option. In such event, the Option may be exercised by the person or persons to whom the Employee's rights under the Option shall pass by will or by applicable law of descent and distribution, or if no such person has such rights, by Employee's executor or administrator. If the Employee becomes totally and permanently disabled (within the meaning of Section 22(e)(3) of the Code as in effect from time to time) without having exercised the Option for the full number of shares with respect to which it was exercisable at the time of such disability, the Option shall remain exercisable by the Employee with respect to such remaining shares until the earlier of (i) one year from the date of disability, or (ii) the generally applicable Expiration Date of the Option. Nothing con- tained in this subparagraph (b) shall permit Options which were not exercisable at the time of the Employees's death or disability to be exercised after such death or disability.
Exercise After Death or Disability. If the Participant’s employment or service is terminated due to the Participant’s death or Total and Permanent Disability, without having exercised this Award in full, the remaining portion of this Award, determined without regard to the limitations in subsection 2(a), may be exercised within the earlier of (i) three years from the date of death or Total and Permanent Disability, or (ii) the remaining period of this Award. In the case of a Participant who dies, this Award may be exercised by the person or persons to whom the Participant's rights under this Award shall pass by will or by applicable law or, if no such person has such rights, by his or her executor or administrator.
Exercise After Death or Disability. In the event of the Optionee's death or Disability, then the Option may be exercised by the Optionee or the executor or administrator of the estate of the Optionee or the person or persons to whom the Option shall have been transferred by will or by the laws of descent and distribution prior to the Expiration Date.
Exercise After Death or Disability. Grantee or his guardian or legal representative shall be entitled to exercise this Option, to the extent vested, until the 180th day following (i) Graxxxx’x death, or (ii) the effective date of Graxxxx’x termination of employment by reason of his Disability. To the extent not exercised on or prior to such 180th day, the Options shall expire and be forfeited. Unvested Option shares expire and are forfeited as of the date of death or the date of termination of employment by reason of Disability.
Exercise After Death or Disability. Upon the death or Disability of Optionee, this option shall immediately vest and become fully exercisable as to all of the Shares, and all or any part of this option may be exercised at any time before its expiration under Section 6.1 above by the executors or administrators of the Optionee's estate or by any person who has acquired this option directly from the Optionee by beneficiary designation, bequest or inheritance. For purposes of this Agreement, "Disability" means that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment.
