Common use of Person Eligible to Exercise Clause in Contracts

Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 20 contracts

Samples: Stock Option Agreement (Corcept Therapeutics Inc), Stock Option Agreement (Codexis Inc), Stock Option Agreement (Camping World Holdings, Inc.)

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Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person Person empowered to do so under the deceased Participant’s will or under the then applicable laws Applicable Laws of descent and distribution.

Appears in 16 contracts

Samples: Stock Option Agreement (Funko, Inc.), Stock Option Agreement (Medpace Holdings, Inc.), Option Award Grant Notice and Agreement (Li-Cycle Holdings Corp.)

Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws Applicable Laws of descent and distribution.

Appears in 15 contracts

Samples: Stock Option Agreement (Elutia Inc.), Stock Option Agreement (Lemonade, Inc.), Stock Option Agreement (Inspire Medical Systems, Inc.)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 13 contracts

Samples: Stock Option Agreement (Calidi Biotherapeutics, Inc.), Stock Option Agreement (Calidi Biotherapeutics, Inc.), Stock Option Agreement (Zoned Properties, Inc.)

Person Eligible to Exercise. During Except as provided in Section 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 13 contracts

Samples: Stock Option Agreement (TransDigm Group INC), Stock Option Agreement (TransDigm Group INC), Stock Option Agreement (TransDigm Group INC)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 9 contracts

Samples: Stock Option Agreement (TransDigm Group INC), Stock Option Agreement (TransDigm Group INC), Stock Option Agreement (TransDigm Group INC)

Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof4, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws Applicable Laws of descent and distribution.

Appears in 8 contracts

Samples: Stock Option Agreement (Phathom Pharmaceuticals, Inc.), Stock Option Agreement (Phathom Pharmaceuticals, Inc.), Stock Option Agreement (GTX Inc /De/)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 6 contracts

Samples: Stock Option Agreement (Tessera Technologies Inc), Stock Option Agreement (Tessera Technologies Inc), Stock Option Agreement (Tessera Technologies Inc)

Person Eligible to Exercise. During Except as may be otherwise provided by the Administrator, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 6 contracts

Samples: Stock Option Agreement (Neumora Therapeutics, Inc.), Stock Option Agreement (Neumora Therapeutics, Inc.), Stock Option Agreement (Broadscale Acquisition Corp.)

Person Eligible to Exercise. During the lifetime of Except as provided in Sections 5.2(b), during Participant’s lifetime, only Participant may exercise the Option or any portion thereof. After the death of Participant’s death, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.4 or Section 3.5 (as applicable), be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 5 contracts

Samples: Non Qualified Stock Option Grant Agreement, Non Qualified Stock Option Grant Agreement, Non Qualified Stock Option Grant Agreement (Allergan Inc)

Person Eligible to Exercise. During the lifetime of Participant’s lifetime, only Participant may exercise the Option or any portion thereofOption. After the death of Participant’s death, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereofexpires, be exercised by Participant’s personal representative or by any person empowered to do so under Designated Beneficiary as provided in the deceased Participant’s will or under the then applicable laws of descent and distributionPlan.

Appears in 5 contracts

Samples: Stock Option Agreement (Tempo Automation Holdings, Inc.), Employment Agreement (Virgin Galactic Holdings, Inc), Employment Agreement (Beauty Health Co)

Person Eligible to Exercise. During Except as provided in Section 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.4, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 5 contracts

Samples: Stock Option Agreement (Spectranetics Corp), Stock Option Agreement (Spectranetics Corp), Stock Option Agreement (Spectranetics Corp)

Person Eligible to Exercise. During Except as provided in Section 5.2(b) below, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereofabove, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then then-applicable laws of descent and distribution.

Appears in 4 contracts

Samples: Stock Option Agreement (Autozone Inc), Stock Option Agreement (Autozone Inc), Stock Option Agreement (Autozone Inc)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by Participant’s 's personal representative or by any person empowered to do so under the deceased Participant’s 's will or under the then applicable laws of descent and distribution.

Appears in 3 contracts

Samples: Stock Option Agreement (Volcom Inc), Stock Option Agreement (Loudeye Corp), Stock Option Agreement (Environmental Service Professionals, Inc.)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 3 contracts

Samples: Stock Option Agreement (Symmetricom Inc), Stock Option Agreement (Symmetricom Inc), Stock Option Agreement (Symmetricom Inc)

Person Eligible to Exercise. During Except as provided in Section 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Xperi Inc.), Stock Option Agreement (Xperi Holding Corp)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Goodman Global Inc), Stock Option Agreement (Clarient, Inc)

Person Eligible to Exercise. During Except may be otherwise provided by the Administrator, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Neumora Therapeutics, Inc.), Stock Option Agreement (Ideaya Biosciences, Inc.)

Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Golden Entertainment, Inc.), Stock Option Agreement (Golden Entertainment, Inc.)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s 's personal representative or by any person empowered to do so under the deceased the Participant’s 's will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Clarient, Inc), Stock Option Agreement (Clarient, Inc)

Person Eligible to Exercise. During Except as otherwise provided in the Plan, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Frontier Group Holdings, Inc.), Stock Option Agreement (Frontier Group Holdings, Inc.)

Person Eligible to Exercise. During Except as provided in Sections 5.3(b) and 5.3(c) hereof, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Stec, Inc.), Stock Option Agreement (Stec, Inc.)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Tivo Inc), Stock Option Agreement (Electronics for Imaging Inc)

Person Eligible to Exercise. During Except as provided in Section 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Spectranetics Corp), Stock Option Agreement (Spectranetics Corp)

Person Eligible to Exercise. During Subject to Section 11.3(a)(iii) of the Plan, and except as provided in Section 5.2(b), during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Employment Agreement (Verso Paper Corp.), Stock Option Agreement (Verso Paper Corp.)

Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 2.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Stock Option Agreement (Conceptus Inc), Stock Option Agreement (Conceptus Inc)

Person Eligible to Exercise. During the lifetime of Participant’s lifetime, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.2, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Award Agreement (GCP Applied Technologies Inc.)

Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof, unless it has been disposed of as permitted under Section 10.3 of the Plan. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Dasan Zhone Solutions Inc)

Person Eligible to Exercise. During Except as provided in Section 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.4, be exercised by the Participant’s 's personal representative or by any person empowered to do so under the deceased Participant’s 's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Employment Agreement (Spectranetics Corp)

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Person Eligible to Exercise. During the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws Applicable Laws of descent and distribution.. ​

Appears in 1 contract

Samples: Stock Option Agreement (Lemonade, Inc.)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b) and 5.2(c) hereof, during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Tegal Corp /De/)

Person Eligible to Exercise. During Except as provided in Articles 5.2(c) and 5.2(d) hereof, during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section Article 3.3 hereof, be exercised by the Participant’s personal representative ​ ​ or by any person empowered to do so under the deceased Participant’s will or under the then then-applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Autozone Inc)

Person Eligible to Exercise. During Except as provided in Sections 5.1(a) and 5.1(b), during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by Participant’s personal representative or by any person Person empowered to do so under the deceased Participant’s will or under the then then-applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (William Lyon Homes)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of Participantthe Participant or incapacitation of the Participant by reason of Disability, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Bare Escentuals Inc)

Person Eligible to Exercise. During Except as provided in Sections 4.2(b) and 4.2(c), during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Cardiva Medical, Inc.)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3 hereof6, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Award Agreement (Legacy Reserves Inc.)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b), during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Tessera Technologies Inc)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then then-applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Noble Environmental Power LLC)

Person Eligible to Exercise. During Except as provided in Section 5.2(b), during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or will, under the then applicable laws of descent and distributiondistribution or as otherwise permitted by the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Spectranetics Corp)

Person Eligible to Exercise. During Except as provided in Sections 5.2(c) and 5.2(d) hereof, during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then then-applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Autozone Inc)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option such portion expires or becomes unexercisable under Section Sections 3.3 hereofor 3.4, be exercised by Participant’s his personal representative or by any person empowered to do so under the deceased Participant’s 's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Non Statutory Option Agreement (MDC Holdings Inc)

Person Eligible to Exercise. During Except as may be otherwise provided by the Board or Committee, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.2, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Revolution Medicines, Inc.)

Person Eligible to Exercise. During the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased the Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (GeoEye, Inc.)

Person Eligible to Exercise. During Except as provided in Sections 5.2(b) and 5.2(c) hereof, during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Employment Agreement (Medytox Solutions, Inc.)

Person Eligible to Exercise. During Except as may be otherwise provided by the Administrator, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.2, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Spruce Biosciences, Inc.)

Person Eligible to Exercise. During Except as provided in Section 5.1, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof3.3, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (AeroVironment Inc)

Person Eligible to Exercise. During Except may be otherwise provided by the Administrator, during the lifetime of Participant, only Participant may exercise the Option or any portion thereof. After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof2.2, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (IDEAYA Biosciences, Inc.)

Person Eligible to Exercise. During Except as provided in Section 5.2(b) below, during the lifetime of the Participant, only the Participant may exercise the Option or any portion thereof. After the death of the Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereofabove, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then then-applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Rentech Inc /Co/)

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