Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 8 contracts
Samples: Stock Option Agreement (New Plan Excel Realty Trust Inc), Stock Option Agreement (Price Reit Inc), Incentive Stock Option Agreement (Cherokee Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he the Employee may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option that is exercisable on the date of the Employee’s death may, prior to the time when the Option becomes unexercisable under may no longer be exercised pursuant to the provisions of Section 3.3, be exercised by his the Employee’s personal representative or by any person empowered to do so under the Employee's ’s will or under the then applicable laws of descent and distribution.
Appears in 8 contracts
Samples: Incentive Stock Option Agreement (Sequoia Vaccines, Inc.), Incentive Stock Option Agreement (Immunome Inc.), Nonqualified Stock Option Agreement (Marinus Pharmaceuticals Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the deceased Employee's will or under the then applicable laws of descent and distribution.
Appears in 5 contracts
Samples: Incentive Stock Option Agreement (Viasat Inc), Non Qualified Stock Option Agreement (Spectranetics Corp), Incentive Stock Option Agreement (Spectranetics Corp)
Person Eligible to Exercise. During the lifetime of the Employee, only he the Employee may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his the Employee’s personal representative or by any person empowered to do so under the Employee's ’s will or under the then applicable laws of descent and distribution.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Annovis Bio, Inc.), Nonqualified Stock Option Agreement (Annovis Bio, Inc.), Nonqualified Stock Option Agreement (Celator Pharmaceuticals Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.33(c), be exercised by his personal representative or by any person empowered to do so under the Employee's ’s will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Mercury General Corp), Incentive Stock Option Agreement (Mercury General Corp)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his the Employee’s personal representative or by any person empowered to do so under the Employee's ’s will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Employee Non Qualified Stock Option Agreement (Southwest Water Co), Employee Non Qualified Stock Option Agreement (Southwest Water Co)
Person Eligible to Exercise. During the lifetime of the Employee’s lifetime, only he may exercise the Option Option, or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the such Employee's will or under the then applicable laws of descent and distribution’s Eligible Representative.
Appears in 2 contracts
Samples: Option Agreement (Duratek Inc), Option Agreement (Duratek Inc)
Person Eligible to Exercise. During the lifetime of the EmployeeEmployee Optionee, only he or she may exercise the Option or any portion thereof. After the death of the EmployeeEmployee Optionee, any exercisable portion of the Option may, prior to the time when the Option option becomes unexercisable under Section 3.3unexercisable, be exercised by his or her personal representative or by any person empowered to do so under the EmployeeEmployee Optionee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Stock Option Agreement (Fountain Powerboat Industries Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he or she may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.33.3 hereof, be exercised by his or her personal representative or by any person empowered to do so under the deceased Employee's will ’s will, revocable trust, or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (iDcentrix, Inc.)
Person Eligible to Exercise. During the lifetime of the Employee, only he the Employee may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option that is exercisable on the date of the Employee's death may, prior to the time when the Option becomes unexercisable under may no longer be exercised pursuant to the provisions of Section 3.3, be exercised by his the Employee's personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Stock Option Agreement (STRATA Skin Sciences, Inc.)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereofOption. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Stock Option Agreement (New Plan Excel Realty Trust Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option option or any portion thereof. After the death of the Employee, any exercisable portion of the Option option may, prior to the time when the Option option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Ansys Diagnostics Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option such portion becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the deceased Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Scpie Holdings Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the deceased Employee's ’s will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Griffin Land & Nurseries Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only he the Employee may exercise the Option or any portion thereof. After the death of the Employee, the Option or any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.33.2 hereof, be exercised by his the Employee's personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Person Eligible to Exercise. During the lifetime of the Employee, only he (or permitted successors and assigns pursuant to Section 4.1) may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.32.2, be exercised by his personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Person Eligible to Exercise. During the lifetime of the Employee, . only he the Employee may exercise the Option or any portion thereof. After the death of the Employee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by his personal representative or by any person empowered to do so under the Employee's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
