Common use of Exercise in the Event of Death Clause in Contracts

Exercise in the Event of Death. In the event the Optionee ------------------------------ dies before the Expiration Date while in the employ of Resorts or the Company or during the one year period described in Section 2.2(e), this Option shall become fully exercisable and may be exercised by the Optionee's estate or by the person or persons to whom his rights under this Option shall pass by will or the laws of descent and distribution. The Optionee's estate or such persons may exercise this Option with respect to all or part of the shares of Common Stock that remain subject to this Option within one year of the Optionee's death or during the remainder of the period preceding the Expiration Date, whichever is shorter.

Exercise in the Event of Death. In the event the Optionee dies ------------------------------ dies before the Expiration Date while in the employ of Resorts or the Company or during the one year period described in Section 2.2(e), this Option shall become fully exercisable and may be exercised by the Optionee's estate or by the person or persons to whom his rights under this Option shall pass by will or the laws of descent and distribution. The Optionee's estate or such persons may exercise this Option with respect to all or part of the shares of Common Stock that remain subject to this Option within one year of the Optionee's death or during the remainder of the period preceding the Expiration Date, whichever is shorter.