Common use of Option Rights Upon Disability Clause in Contracts

Option Rights Upon Disability. If an Employee becomes disabled while employed by the Corporation or any affiliate or subsidiary, the Board of Directors or the Stock Option Committee of the Corporation, will allow the Option to be fully exercised, to the extent that the Employee was entitled to exercise the Option at the date of his disability.

Appears in 16 contracts

Samples: Option Agreement (Opentv Corp), Option Agreement (Actv Inc /De/), Option Agreement (Actv Inc /De/)

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Option Rights Upon Disability. If an Employee becomes disabled while employed by the Corporation or any affiliate or subsidiary, the Board of Directors or the Stock Option Committee of the Corporation, will in its discretion, may allow the Option to be fully exercised, to the extent that the Employee was entitled to exercise the Option at the date of his disability.

Appears in 15 contracts

Samples: Option Agreement (Actv Inc /De/), Option Agreement (Actv Inc /De/), Option Agreement (Actv Inc /De/)

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Option Rights Upon Disability. If an Employee becomes disabled ----------------------------- while employed by the Corporation or any affiliate or subsidiary, the Board of Directors or the Stock Option Committee of the Corporation, will allow the Option to be fully exercised, to the extent that the Employee was entitled to exercise the Option at the date of his disability.

Appears in 5 contracts

Samples: Option Agreement (Opentv Corp), Option Agreement (Opentv Corp), Option Agreement (Opentv Corp)

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