Exercise Period Following Termination of Employment. (i) In the event of the Executive's termination of employment by reason of death, any unexercised portion of the Option that is or becomes vested upon her death in accordance with Section 5a(ii) of this Agreement may be exercised by the Executive's personal representative or by the person or persons to whom the Option shall have been transferred by will or the laws of descent and distribution at any time within one year following her death, but in no event after the Expiration Date.
Appears in 2 contracts
Samples: Employment Agreement (Catellus Development Corp), Employment Agreement (Catellus Development Corp)
Exercise Period Following Termination of Employment. (i) In the event of the ExecutiveEmployee's termination of employment by reason of death, any unexercised portion of the Option that is or becomes vested upon his or her death in accordance with Section 5a(ii) of this Agreement may be exercised by the ExecutiveEmployee's personal representative or by the person or persons to whom the Option shall have been transferred by will or the laws of descent and distribution at any time within one year following his or her death, but in no event after the Expiration Date.
Appears in 1 contract
Samples: Qualified Stock Option Award Agreement (Catellus Development Corp)
Exercise Period Following Termination of Employment. (i) In the event of the Executive's termination of employment by reason of death, any unexercised portion of the Option that is or becomes vested upon his or her death in accordance with Section 5a(ii) of this Agreement may be exercised by the Executive's personal representative or by the person or persons to whom the Option shall have been transferred by will or the laws of descent and distribution at any time within one year following his or her death, but in no event after the Expiration Date.
Appears in 1 contract
Exercise Period Following Termination of Employment. (i) In the event of the Executive's termination of employment by reason of death, any unexercised portion of the Option that is or becomes vested upon his or her death in accordance with Section 5a(ii) of this Agreement may be exercised by the Executive's personal representative or by the person or persons to whom the Option shall have been transferred by will or the laws of descent and distribution at any time within one year following his of her death, but in no event after the Expiration Date.
Appears in 1 contract