Exercise Following Death. Except as provided in subsection 3(c), if Optionee dies while employed by the Company or any Subsidiary or within three months following termination of employment, and before the exercise in full or expiration of the Option, Optionee’s estate, or the person or persons to whom the rights under the Option shall have passed by will or the laws of descent and distribution, may exercise the Option at any time within one year next following Optionee’s death (but in any event before the expiration date of the Option period specified in subsection 2(a) above).
Exercise Following Death. If the Employee dies while employed by the Company or a parent or subsidiary corporation, then the person to whom the Employee's rights under the NSO shall have passed by will or by the laws of distribution may exercise any of the NSO within two years after the Employee's death.
Exercise Following Death. If the Optionee’s service with the Corporation terminates by reason of the Optionee’s death or disability, or if the Optionee dies after termination of service but while the Option would have been exercisable hereunder, the vested portion of the Option (to the extent it has not previously been exercised and is then exercisable) may be exercised within twelve (12) months after the date of Optionee’s death or disability (but not later than the Expiration date set forth on the signature page below). The exercise may be made by the disabled Optionee, or by the Optionee’s representative or by the person entitled thereto under Optionee’s will or the laws of descent and distribution; provided that such representative or such person consents in writing to abide by and be subject to the terms of this Agreement and such writing is delivered to the President of the Corporation.
Exercise Following Death. If Participant dies while employed by the Company or any Affiliate, before the termination of Participant’s rights hereunder and before the Expiration Date, Participant’s estate, or the person or persons to whom the rights under this option shall have passed by will or the laws of descent and distribution, may exercise this option at any time within one (1) year following Participant’s death (but in any event before the Expiration Date) for all or part of the shares of Common Stock that remain subject to this option (all of which shares shall become exercisable on the date of Participant’s death).
Exercise Following Death. If the Optionee's service with the Company terminates by reason of the Optionee's death, or if the Optionee dies after termination of service but while the Option would have been exercisable hereunder, the Option (to the extent it has not previously been exercised and is then exercisable) may be exercised within twelve (12) months after the date of Optionee's death (but not later than the termination date set forth in Section 5(a) above). The exercise may be made by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of descent and distribution; provided that such representative or such person consents in writing to abide by and be subject to the terms of this Agreement and such writing is delivered to the President of the Company.
Exercise Following Death. In the event of the Employee’s death, all remaining SARs may be exercised at any time before the expiration or termination of the SARs by the executors or administrators of the Employee’s estate or by a person who acquires the right to such exercise by will or by the laws of descent and distribution, provided the requirements set forth in Section 23 of the Plan are satisfied.
Exercise Following Death. In the event Participant dies while he is employed by the Company or any Subsidiary, before the exercise in full or expiration of this Option, Participant’s estate, or the person or persons to whom the rights under this Option shall have passed by will or the laws of descent and distribution, may exercise this Option at any time within one year next following Participant’s death (but in any event before the Expiration Date of the Option) for the number of shares exercisable on the date of the Participant’s death. For purposes of the preceding sentence, notwithstanding any vesting schedule set by subsection 2(c) above, if Participant has been employed by the Company and/or a Subsidiary for at least five years, then this Option (and all of the shares covered hereby) shall become fully exercisable on the date of Participant’s death.
Exercise Following Death. In the event Participant dies while he is a director or is otherwise employed by the Company or any Subsidiary or within three months following termination of his
Exercise Following Death. If the Optionee dies during the period during which the Optionee is entitled to exercise the Option, including the period referred to in Section 4, the outstanding portion of the Option shall become fully exercisable and shall remain exercisable until 12 months after the date of the Optionee's death, provided
Exercise Following Death. If the Participant dies during employment with the Company or an Affiliate, this Option may be exercised by the Participant’s estate, or the person or persons to whom the Participant’s rights under this Option pays by will or the laws of descent and distribution. In that event, the Participant’s estate or such persons may exercise this Option until the earliest of the first anniversary of the Participant’s death or the Expiration Date and the Participant’s estate or such persons may exercise this Option for all or part of the number of shares of Common Stock that the Participant was entitled to purchase under this Option on the date of the Participant’s death and any additional shares for which this Option becomes exercisable under subparagraph 3(b). If the Participant dies after ceasing to be an employee of the Company or an Affiliate, this Option may be exercised by the Participant’s estate, or the person or persons to whom the Participant’s rights under this Option pass by will or the laws of descent and distribution for all or part of the shares of Common Stock that the Participant was entitled to purchase on the date of the Participant’s death and during the remainder the period that the Participant was entitled to exercise this Option on the date of the Participant’s death.
