Common use of Exercise Upon Death or Disability Clause in Contracts

Exercise Upon Death or Disability. (a) If the Employee dies while he is employed by the Corporation or by any Affiliate, the Option may, subject to the provisions of Section 5 hereof, be exercised (to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to his death), by the estate of the Employee (or by the person or persons who acquire the right to exercise the Option by written designation of the Employee) at any time within one year after the death of the Employee, at the end of which period the Option, to the extent not then exercised, shall terminate and the estate or other beneficiaries shall forfeit all rights hereunder. 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. (a) If the Employee Optionee dies while he or she is employed by or providing other service to the Corporation Company or by any Affiliateone of its Subsidiaries or Affiliates within one (1) year after the Grant Date of the Option, the Option may, subject to the provisions of Section 5 hereof, be exercised (to the same extent the Employee would have been entitled under Option is vested pursuant to Section 3 hereof to exercise the Option immediately prior to his Optionee’s death), by the estate of the Employee Optionee (or by the person or persons who acquire the right to exercise the Option by written designation of the EmployeeOptionee) at any time within one (1) year after the death of the EmployeeOptionee, at the end of which period the Option, to the extent not then exercised, shall terminate and the estate or other beneficiaries shall forfeit all rights hereunder. 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. (a) If the Employee Optionee dies while he or she is employed by a director of the Corporation or by any AffiliateCompany within one (1) year after the Grant Date of the Option, the Option may, subject to the provisions of Section 5 hereof, be exercised (to the same extent the Employee would have been entitled under Option is vested pursuant to Section 3 hereof to exercise the Option immediately prior to his Optionee’s death), by the estate of the Employee Optionee (or by the person or persons who acquire the right to exercise the Option by written designation of the EmployeeOptionee) at any time within one (1) year after the death of the EmployeeOptionee, at the end of which period the Option, to the extent not then exercised, shall terminate and the estate or other beneficiaries shall forfeit all rights hereunder. 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. (a) If the Employee Optionee dies while he or she is employed by a director of the Corporation or by any Affiliatewithin one (1) year after the Date of Grant of the Option, the Option may, subject to the provisions of Section 5 hereof, be exercised (to the same extent the Employee would have been entitled under Option is vested pursuant to Section 3 hereof to exercise the Option immediately prior to his Optionee’s death), by the estate of the Employee Optionee (or by the person or persons who acquire the right to exercise the Option by written designation of the EmployeeOptionee) at any time within one (1) year after the death of the EmployeeOptionee, at the end of which period the Option, to the extent not then exercised, shall terminate and the estate or other beneficiaries shall forfeit all rights hereunder. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.