Exercise Upon Death. If Optionee shall die, this option may be exercised with respect to any vested options at the date of death to the same extent that Optionee was entitled to exercise such options, by the person or persons to whom Optionee's rights under this option pass by will or applicable law, or if no such person has such right, by his executors or administrators. 5.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Oxboro Medical International Inc), Nonqualified Stock Option Agreement (Oxboro Medical International Inc), Nonqualified Stock Option Agreement (Oxboro Medical International Inc)
Exercise Upon Death. If Optionee shall die, this option may be exercised with respect to any vested options at the date of death to the same extent that Optionee was entitled to exercise such options, by the person or persons to whom Optionee's rights under this option pass by will or applicable law, or if no such person has such right, by his executors or administrators. 5.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Oxboro Medical International Inc)
Exercise Upon Death. If Notwithstanding Section 2 hereof, if Optionee shall die, this option may be exercised with respect to any vested options at the date of death all Option Shares granted to the same extent that Optionee was entitled to exercise such options, by the person or persons to whom Optionee's rights under this option pass by will or applicable law, or if no such person has such right, by his executors or administrators. 5.
Appears in 1 contract
Samples: Consulting Agreement (Hypertension Diagnostics Inc /Mn)
