Common use of Exercise Upon Death Clause in Contracts

Exercise Upon Death. In the event that Employee ceases to be employed by Corporation or its subsidiaries by reason of death, the option shall become immediately exercisable, notwithstanding the schedule in Section 2(b) hereof, and may thereafter be exercised as to all shares subject to the option by the legal representative of the estate or by the person or persons entitled to the option under the Employee's will or the laws of descent and distribution, as appropriate, until the earlier of (i) the Expiration Date or (ii) the first anniversary of the date of the Employee's death.

Exercise Upon Death. In the event that Employee ceases to be employed by Corporation or its subsidiaries by reason of death, the option shall become immediately exercisable, notwithstanding the schedule in Section 2(b) hereof, and may thereafter be exercised as to all shares subject to the option by the legal representative of the estate or estate, by the person or persons entitled to the option under the Employee's will or the laws of descent and distribution, as appropriate, or by Employee's transferee under Section 7(b) hereof, until the earlier of (i) the Expiration Date or (ii) the first anniversary of the date of the Employee's deathDate.

Exercise Upon Death. In the event that Employee ceases to be employed by Corporation or its subsidiaries by reason of death, the option shall become immediately exercisable, notwithstanding the schedule in Section 2(b) hereof, and may thereafter be exercised as to all shares subject to the option by the legal representative of the estate or by the person or persons entitled to the option under the Employee's will or the laws of descent and distribution, as appropriate, until the earlier of (i) the Expiration Date expiration of the stated term of the option or (ii) the first anniversary of the date of the Employee's death.

Exercise Upon Death. In the event that Employee ceases to be employed by Corporation or its subsidiaries by reason of death, the option shall become immediately exercisable, notwithstanding the schedule in Section 2(b) hereof, and may thereafter be exercised as to all shares subject to the option by the legal representative of the estate or estate, by the person or persons entitled to the option under the Employee's ’s will or the laws of descent and distribution, as appropriate, or by Employee’s transferee under Section 7(b) hereof, until the earlier of (i) the Expiration Date or (ii) the first anniversary of the date of the Employee's deathDate.