Common use of Exercise Following Death Clause in Contracts

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).

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement, Nonstatutory Stock Option Agreement, Nonstatutory Stock Option Agreement (Capital One Financial Corp)

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Exercise Following Death. Except as provided in subsection 3(cSection 3(d), 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 OptionOptions, Optionee’s estate, or the person or persons to whom the rights under the Option Options shall have passed by will or the laws of descent and distribution, may exercise the Option Options at any time within one year next three years following Optionee’s death (but in any event before no later than the expiration date of the Option period specified in subsection 2(a) aboveExpiration Date).

Appears in 4 contracts

Samples: Nonstatutory Stock Option Award Agreement, Nonstatutory Stock Option Award Agreement (Capital One Financial Corp), Nonstatutory Stock Option Award Agreement (Capital One Financial Corp)

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 OptionOptions, Optionee’s estate, or the person or persons to whom the rights under the Option Options shall have passed by will or the laws of descent and distribution, may exercise the Option Options at any time within one year next three years following Optionee’s death (but in any event before prior to the expiration date of the Option period specified in subsection 2(a) aboveExpiration Date).

Appears in 3 contracts

Samples: Nonstatutory Stock Option Award Agreement (Capital One Financial Corp), Nonstatutory Stock Option Award Agreement (Capital One Financial Corp), Nonstatutory Stock Option Award Agreement (Capital One Financial Corp)

Exercise Following Death. Except as provided in subsection 3(c), if 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)) for the number of Option Shares for which Optionee could have exercised the Option on the date of death.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Capital One Financial Corp), Nonstatutory Stock Option Agreement (Capital One Financial Corp)

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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 OptionOptions, Optionee’s estate, or the person or persons to whom the rights under the Option Options shall have passed by will or the laws of descent and distribution, may exercise the Option Options at any time within one year next three years following Optionee’s death (but in any event before no later than the expiration date of the Option period specified in subsection 2(a) aboveExpiration Date).

Appears in 1 contract

Samples: Nonstatutory Stock Option Award Agreement (Capital One Financial Corp)

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 OptionOptions, Optionee’s 's estate, or the person or persons to whom the rights under the Option Options shall have passed by will or the laws of descent and distribution, may exercise the Option Options at any time within one year next three years following Optionee’s 's death (but in any event before prior to the expiration date of the Option period specified in subsection 2(a) aboveExpiration Date).

Appears in 1 contract

Samples: Nonstatutory Stock Option Award Agreement (Capital One Financial Corp)

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