Common use of Permanent Disability and Death Clause in Contracts

Permanent Disability and Death. If an Optionee becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), or dies while employed by the Company, (or if the Optionee dies within the period that the Option remains exercisable after termination of employment or affiliation), Options then held (to the extent then exercisable) may be exercised by the Optionee, the Optionee's personal representative, or by the person to whom the Option is transferred by will or the laws of descent and distribution, in whole or in part, at any time within one (1) year after the disability or death (but in no event after the expiration date of the Option).

Permanent Disability and Death. If an Optionee becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), or dies while employed by the Company, (or if the Optionee dies within the period that the Option remains exercisable after termination of employment or affiliation), Options any Vested Portion of the Shares then held (to the extent then exercisable) may be exercised by the Optionee, the Optionee's ’s personal representative, or by the person to whom the Option is transferred by will or the laws of descent and distribution, in whole or in part, at any time within one (1) year after the disability or death (but in no event after the expiration date of the OptionExpiration Date).

Permanent Disability and Death. If an the Optionee becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), Code) or dies while employed by the CompanyCompany or a Subsidiary, (or or, if the Optionee dies within the period that the this Option remains exercisable after termination of employment or affiliationemployment), Options then held (to the extent then exercisable) this Option may be exercised exercised, in whole or in part, by the Optionee, the Optionee's personal representative, or by the person to whom the this Option is transferred by will or the laws of descent and distribution, in whole or in part, at any time within one (1) year after the disability or death (death, but in no event after the expiration date of the Option)Expiration Date.

Permanent Disability and Death. If an Optionee becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), or dies while employed by the Company, Company (or if the Optionee dies within the period that the Option remains exercisable after termination of employment or affiliation), Options then held (to the extent then exercisable) may be exercised by the Optionee, the Optionee's personal representative, or by the person to whom the Option is transferred by will or the laws of descent and distribution, in whole or in part, at any time within one (1) year after the disability or death (but in no event after the expiration date of the Option).