Common use of Exercise Period Upon Death or Disability Clause in Contracts

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled prior to the Final Exercise Date while he is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in paragraph 3(f) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant by the Participant, provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 5 contracts

Samples: Non Statutory Stock Option Agreement (First Marblehead Corp), Non Statutory Stock Option Agreement (First Marblehead Corp), Non Statutory Stock Option Agreement (First Marblehead Corp)

AutoNDA by SimpleDocs

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in paragraph 3(f) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant by the Participant, provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Boston Communications Group Inc), Nonstatutory Stock Option Agreement (Boston Communications Group Inc), Nonstatutory Stock Option Agreement (Boston Communications Group Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 409A of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Causecause” as specified in paragraph 3(f(e) below, this option shall be exercisableexercisable in full, within the period of one year following the date of death or disability of the Participant by the Participant, provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Akamai Technologies Inc), Non Qualified Stock Option Agreement (Akamai Technologies Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Causecause” as specified in paragraph 3(f(e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant by the Participant, provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (I Many Inc), Incentive Stock Option Agreement (I Many Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” "cause" as specified in paragraph 3(f(e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant by the Participant, provided that this option shall not be exercisable after only to the Final Exercise Date.extent that

Appears in 1 contract

Samples: Stock Option Agreement (Ondisplay Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Just Cause” as specified in paragraph 3(f(c) belowabove, this option shall be fully exercisable, within the period of one year six months following the date of death or disability of the Participant Participant, by the ParticipantParticipant (or in the case of death by an authorized transferee), provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Communicate Com Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in paragraph 3(f(g) below, this option shall be exercisable, within exercisable until the period Final Expiration Date and shares shall continue to become exercisable prior to the Final Expiration Date in accordance with section 2 of one year following the date of death or disability of the Participant by the Participant, provided that this option shall not be exercisable after the Final Exercise Dateagreement.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (BJS Wholesale Club Inc)

AutoNDA by SimpleDocs

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in paragraph 3(f) belowDirector, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant Participant, by the Participant, provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 1 contract

Samples: Non Employee Director Nonstatutory Stock Option Agreement (Lifeline Systems Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in paragraph 3(f) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant by the Participant, provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Boston Communications Group Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” "cause" as specified in paragraph 3(f(e) below, this option Option shall be exercisable, within the period of one year following the date of death or disability of the Participant Participant, by the Participant, provided that this option Option shall not be exercisable after only to the Final Exercise Date.extent that this Option was exercisable

Appears in 1 contract

Samples: Employment Agreement (Edison Schools Inc)

Exercise Period Upon Death or Disability. If the Participant dies or becomes Disabled prior to the Final Exercise Date while he is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in paragraph 3(f) belowDate, this option shall be exercisable, exercisable by an authorized transferee of the Participant within the period of one year following the date of death or disability of the Participant by the Participant, provided that that this option shall not be exercisable after the Final Exercise Date.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (NitroSecurity, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!