Common use of Exercise Upon Death or Disability Clause in Contracts

Exercise Upon Death or Disability. In the event Optionee dies or becomes totally disabled (as defined in Section 22(e)(3) of the Code) prior to the Expiration Date while an employee of the Company, that portion of the Option which had become vested and exercisable as of the date of death or disability shall be exercisable within 12 months of the date of death or disability (but not after the Expiration Date). In the event the Optionee dies within 3 months after termination as an employee (other than discharge for misconduct as specified in paragraph (f) below), that portion of the Option which had become vested and exercisable as of the date of termination shall be exercisable within 6 months of the date of death (but not after the Expiration Date).

Exercise Upon Death or Disability. In the event the Optionee dies or becomes totally disabled (as defined in Section 22(e)(3) of the Code) Disabled prior to the Expiration Date while an employee Employee of the Company, that portion of the Option which had become vested and exercisable as of the date of death or disability shall Disability will be exercisable within 12 months twelve (12) of the date of death or disability Disability (but not after the Expiration Date). In the event the Optionee dies within 3 three (3) months after termination as an employee (other than discharge for misconduct as specified in paragraph (f) below)Employee, that portion of the Option which had become vested and exercisable as of the date of termination shall will be exercisable within 6 six (6) months of the date of death (but not after the Expiration Date).

Exercise Upon Death or Disability. In the event Optionee dies or becomes totally disabled (as defined in Section 22(e)(3) of the Code) prior to the Expiration Date while an employee of the Company, that portion of the Option which had become vested and exercisable as of the date of death or disability shall be exercisable within 12 months of the date of death or disability (but not after the Expiration Date). In the event the Optionee dies within 3 months after termination as an employee (other than discharge for misconduct as specified in paragraph (f) below), that portion of the Option which that had become vested and exercisable as of the date of termination shall be exercisable within 6 months of the date of death (but not after the Expiration Date).