Exercise Upon Death. If Director dies while the Option remains in effect, with or without cause, the Option may be exercised (to the extent that Director shall have been entitled to do so on the day of his death) by the legatee or legatees of Director under his will, or by his personal representatives or distributees, at anytime within ninety (90) days after his death. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option as set forth in Paragraph 3 hereof, the Option shall become null and void.
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Samples: Option Agreement (Quantum Direct Corp), Option Agreement (Quantum Direct Corp), Option Agreement (Quantum Direct Corp)
Exercise Upon Death. If Director dies while the Option remains in effect, with or without cause, the Option may be exercised (to the extent that Director shall have been entitled to do so on at the day date of his death) by the legatee or legatees of Director under his will, or by his personal representatives or distributees, at anytime any time within ninety (90) days after his death. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option as set forth in Paragraph 3 hereof, the Option shall become null and void.
Appears in 2 contracts
Samples: Option Agreement (Quantum Direct Corp), Option Agreement (Quantum Direct Corp)
Exercise Upon Death. If Director dies while the Option remains in effect, with or without cause, the Option option may be exercised (to the extent that Director shall have been entitled to do so on at the day date of his death) by the legatee or legatees of Director under his will, or by his personal representatives or distributees, at anytime any time within ninety (90) days after his death. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option option as set forth in Paragraph paragraph 3 hereof, the Option shall become null and void.
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Exercise Upon Death. If Director dies while the Option remains in effect, with or without cause, the Option may be exercised (to the extent that Director shall have been entitled to do so on the day of his death) by the legatee or legatees of Director under his will, or by his personal representatives or distributees, at anytime within ninety (90) days after his death. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option as set forth in Paragraph 3 hereof, the Option shall become null and void.
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