Common use of OPTIONEE'S DEATH Clause in Contracts

OPTIONEE'S DEATH. If the Optionee dies while actively employed by the Corporation or prior to the 90th day after the Optionee's termination of employment with the Corporation (for reasons other than having reached his Normal Retirement Date, Early Retirement Date, or Disability Retirement Date), the Expiration Date for exercising his vested options under this Agreement shall be the last day of the 36th month after the end of the month in which the Optionee's death occurs. (f)

Appears in 3 contracts

Samples: Georgia Pacific Corp, Georgia Pacific Corp, Georgia Pacific Corp

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OPTIONEE'S DEATH. If the Optionee dies while actively employed by the Corporation or prior to the 90th day after the Optionee's termination of employment with the Corporation (for reasons other than having reached his Normal Retirement Date, Early Retirement Date, or Disability Retirement Date), the Expiration Date for exercising his vested options under this Agreement shall be the last day of the 36th month after the end of the month in which the Optionee's death occurs. (f).

Appears in 3 contracts

Samples: Employee Stock Option Agreement (Georgia Pacific Corp), Employee Stock Option Agreement (Georgia Pacific Corp), Georgia Pacific Corp

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