Exercise in the Event of Death or Disability. Paragraph 2 of this Agreement to the contrary notwithstanding, if Participant dies before the expiration of Participant’s rights under this Option or if Participant’s employment with the Company and its Subsidiaries and Affiliates terminates before the expiration of Participant’s rights under this Option on account of disability, this Option shall be immediately Vested and exercisable, in whole or in part, and remain exercisable until the first anniversary of Participant’s death or termination on account of disability, as applicable (even if such anniversary is after the Expiration Date). For purposes of this Agreement, “disability” means permanent and total disability as determined by the Committee, in its sole discretion.
Exercise in the Event of Death or Disability. This Option shall be exercisable for all or part of the number of shares of Common Stock that the Participant is entitled to purchase pursuant to Section 2(b) as of the date the Participant ceases to be employed by or provide services to the Company and its Affiliates as a result of the Participant’s death or Disability prior to the Expiration Date and the termination of the Participant’s rights under Sections 4, 5 or 6. In that event, this Option may be exercised by the Participant, the Participant’s estate, or the person or persons to whom the Participant’s rights under this Option shall pass by will or the laws of descent and distribution, for the remainder of the period preceding the Expiration Date or within twelve (12) months after the date the Participant ceases to be employed by or provide services to the Company and its Affiliates as a result of the Participant’s death or Disability, whichever period is shorter.
Exercise in the Event of Death or Disability. This Option shall be exercisable for the number of shares of Common Stock subject to the Option only to the extent that the Participant is entitled to purchase pursuant to Section 2 as of the date of termination of the Participant’s employment by, or provision of services to, the Company and its Affiliates, reduced by the number of shares for which the Participant previously exercised the Option, and to the extent the Participant’s rights have not otherwise been terminated under this Agreement, if the Participant’s employment by, or provision of services to, the Company and its Affiliates terminates on account of the Participant’s death or Disability, and the balance of the Option shall be forfeited with no consideration. In that event, to the extent exercisable this Option may be exercised by the Participant, the Participant’s estate, or the person or persons to whom the Participant’s rights under this Option shall pass by will or the laws of descent and distribution (to the extent applicable), for the remainder of the period preceding the Expiration Date or until the date that is twelve (12) months after the Participant’s Termination Date due to death or Disability, whichever period is shorter.
Exercise in the Event of Death or Disability. The Option shall be exercisable with respect to all or part of the number of shares of Common Stock for which Participant could have exercised this Option on the date of Participant’s death or disability in the event that, prior to the Expiration Date, the Participant dies or becomes permanently and totally disabled (as defined in Code Section 22(e)(3)) while employed by the Company. In the event of death, the Option may be exercised by Participant’s estate, or the person or persons to whom Participant’s rights under the Option shall pass by will or the laws of descent and distribution. The Option shall continue to be exercisable for (i) the one year period beginning on the date the Participant dies or terminates employment due to permanent and total disability, as the case may be, or (ii) the remainder of the period preceding the Expiration Date, whichever is shorter.
Exercise in the Event of Death or Disability. The Option shall be exercisable in full in the event that prior to the Expiration Date of any block of the Option, the Optionee dies or becomes permanently and totally disabled while employed by the Company or an Affiliate. In the event of death, the Option may be exercised by Optionee’s estate, or the person or persons to whom his rights under the Option shall pass by will or the laws of descent and distribution. The Option shall continue to be exercisable for (x) the one year period beginning on the date the Optionee dies or terminates employment due to permanent and total disability, as the case may be, or (y) the remainder of the period preceding an Expiration Date set forth in Section 2(a), whichever is shorter.
Exercise in the Event of Death or Disability. The Option shall be exercisable in full in the event that prior to the Expiration Date, the Optionee dies or becomes permanently and totally disabled (as defined in Code Section 22(e)(3) while employed by the Company or Subsidiary. In the event of death, the Option may be exercised by Optionee’s estate, or the person or persons to whom his rights under the Option shall pass by will or the laws of descent and distribution. The Option shall continue to be exercisable for (i) the one year period beginning on the date the Optionee dies or terminates employment due to permanent and total disability, as the case may be, or (ii) the remainder of the period preceding an Expiration Date, whichever is shorter.
Exercise in the Event of Death or Disability. This option shall be -------------------------------------------- exercisable with respect to the number of shares that the Participant was entitled to purchase pursuant to paragraph 2 above on the date of his death, in the event Participant dies while employed by the Company or within sixty months following his Retirement and prior to the Expiration Date of this option. In such event this option may be exercised by Participant's estate, or the person or persons to whom his rights under this option shall pass by will or the laws of descent and distribution. Participant's estate or such persons may exercise this option within sixty months of Participant's death or during the remainder of the pen-od preceding the Expiration Date, whichever is shorter. If Participant ceases employment with the Company due to total and permanent disability, this option shall be exercisable with respect to the number of shares that the Participant was entitled to purchase pursuant to paragraph 2 above on the last date of active employment with the Company for sixty months following the last date of active employment with the Company and prior to the Expiration Date of this option.
Exercise in the Event of Death or Disability. Notwithstanding the vesting requirement set forth in subparagraph 2(b), these SARs shall become exercisable in full in the event that prior to the Expiration Date of these SARs the Executive dies or becomes totally and permanently disabled (as defined in Code Section 22(e)(3)) while employed by the Company or
Exercise in the Event of Death or Disability. Whenever the word "Grantee" is used in any provision of the Agreement under circumstances when the provision should logically be construed to apply to Employee's guardian, legal representative, executor, administrator, or the person or persons to whom the Grant may be transferred by testamentary will or by the laws of descent and distribution, the word "Grantee" shall be deemed to include such person or persons.
Exercise in the Event of Death or Disability. The Option shall be exercisable with respect to all or part of the number of shares of Company Stock for which Participant could have exercised this Option on the date of Participant’s death or Disability in the event that, prior to the Expiration Date, the Participant dies or becomes Disabled while employed by the Company. In the event of death, the Option may be exercised by Participant’s estate, or the person or persons to whom Participant’s rights under the Option shall pass by will or the laws of descent and distribution. The Option shall continue to be exercisable for (i) the one year period beginning on the date that the Participant dies or terminates employment due to Disability, as the case may be, or (ii) the remainder of the period preceding the Expiration Date, whichever is shorter.
