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

Exercise in the Event of Death. Subject to the six month exercisability requirement set forth in Section 2(b) hereof, this Option shall remain exercisable with respect to any shares yet unexercised in the event that the Optionee dies prior to exercising this Option in full and prior to the Expiration Date of this Option. In that event, this Option may be exercised by the Optionee'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. The Optionee's estate or such persons must exercise this Option with respect to the remaining shares subject to the Option, if at all, within two years of the date 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. Subject to the six month ------------------------------ exercisability requirement set forth in Section 2(b) hereof, this Option option shall remain exercisable with respect to any shares yet unexercised in the event that the Optionee dies prior to exercising this Option option in full and prior to the Expiration Date of this Optionoption. In that event, this Option option may be exercised by the Optionee's estate, or the person or persons to whom his rights under this Option option shall pass by will or by the laws of descent and distribution. The Optionee's estate or such persons must exercise this Option option with respect to the remaining shares subject to the Optionoption, if at all, within two years of the date 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. Subject to the six month ------------------------------ exercisability requirement set forth in Section 2(b) hereof, this Option option shall remain exercisable with respect to any shares yet unexercised in the event that the Optionee dies prior to exercising this Option option in full and prior to the Expiration Date of this Optionoption. In that event, this Option option may be exercised by the Optionee's estate, or the person or persons to whom his rights under this Option option shall pass by will or the laws of descent and distribution. The Optionee's estate or such persons must exercise this Option option with respect to the remaining shares subject to the Optionoption, if at all, within two years of the date of the Optionee's death or during the remainder of the period preceding the Expiration Date, whichever is shorter.