Common use of Exercise Upon Death or Disability Clause in Contracts

Exercise Upon Death or Disability. The terms of this Section 7 apply unless otherwise expressly provided by the terms of an Individual Agreement between the Optionee and the Company or one of its Subsidiaries or Affiliates or a plan or policy of the Company applicable to the Optionee specifically provides otherwise, and subject to the provisions of Section 5 hereof and Sections 13.4 and 13.5 of the Plan. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Death or Disability. The terms of this Section 7 apply unless otherwise expressly provided by the terms of an the Employment Agreement or any other Individual Agreement between the Optionee and the Company or one of its Subsidiaries or Affiliates or a plan or policy of the Company applicable to the Optionee specifically provides otherwise, and subject to the provisions of Section 5 hereof and Sections 13.4 and 13.5 of the Plan. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.