Common use of Exercise Upon Death Clause in Contracts

Exercise Upon Death. The Option of an Optionee who dies before the Option has been exercised, as to all vested Shares, may be exercised until the expiration date of the Option by the Optionee's estate or by the person who acquired the right to exercise the Option by bequest or inheritance by reason of the death of the Optionee.

Appears in 6 contracts

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

AutoNDA by SimpleDocs

Exercise Upon Death. The Option of an Optionee who dies before the Option has been exercised, exercised as to all vested Shares, may be exercised until the expiration date of the Option by the Optionee's estate or by the person who acquired the right to exercise the Option by bequest or inheritance by reason of the death of the Optionee.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Fletcher Brian D), Non Qualified Stock Option Agreement (Fletcher Brian D), Non Qualified Stock Option Agreement (Cox Technologies Inc)

AutoNDA by SimpleDocs

Exercise Upon Death. The Option of an Optionee who dies before the Option has been exercised, as to all vested Shares, may be exercised until the expiration date of the Option by the Optionee's estate or by the person who acquired the right to exercise the Option by bequest or inheritance by reason of the death of the Optionee.

Appears in 3 contracts

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

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