Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Stock Option Agreement (Rockwell Medical Technologies Inc), Stock Option Agreement (Rockwell Medical Technologies Inc)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he may exercise the an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or 3.2Section 3.5, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (L 3 Communications Holdings Inc), Non Qualified Stock Option Agreement (L 3 Communications Holdings Inc)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distributionEligible Representative.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Walter Energy, Inc.), Non Qualified Stock Option Agreement (Walter Energy, Inc.)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his the Optionee's personal representative or by any person empowered to do so under the deceased Optionee’s 's will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Non‑qualified Stock Option Agreement (Pricesmart Inc), Non‑qualified Stock Option Agreement (Pricesmart Inc)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 Section 3.3 hereof or 3.2as otherwise provided under the Plan, be exercised by his the Optionee’s personal representative or by any person empowered to do so under the deceased Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option that is exercisable on the date of Optionee’s death may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2may no longer be exercised pursuant to the provisions of Section 3.3, be exercised by his Optionee’s personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Sequoia Vaccines, Inc.), Incentive Stock Option Agreement (Immunome Inc.)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he or she may exercise the an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or Section 3.2, be exercised by his personal representative the executor or administrator of the Optionee’s estate or by any person or persons empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Global Crossing LTD)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an Option the option becomes unexercisable and expires under Sections 3.1 or 3.2Section 2.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: RJR Nabisco Inc
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Subscription Agreement (Safeway Inc)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he may exercise the an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.inheritance. 6
Appears in 1 contract
Samples: Share Option Award Agreement (Willis Group Holdings PLC)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his a beneficiary designated by the Optionee, the Optionee's personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Stratagene Corp)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he may exercise the an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then then-applicable laws of descent and distribution.
Appears in 1 contract
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his personal representative or by any person empowered to do so under the deceased Optionee’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 Optionee, only the Optionee may exercise the an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or Section 3.2, be exercised by his Optionee’s personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: 2012 Stock Purchase and Option Plan Of (Blue Buffalo Pet Products, Inc.)
Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s '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 Optionee, only the Optionee he may exercise the Option option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or Section 3.2, be exercised by his the Optionee's personal representative or by any person empowered to do so under the Optionee’s deceased optionee'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 Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or 3.2, be exercised by his or her personal representative or by any person empowered to do so under the Optionee’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 Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his a beneficiary designated by the Optionee, the Optionee’s personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Hycor Biomedical Inc /De/)
Person Eligible to Exercise. During the lifetime of the Optionee, only he, or in the Optionee event of disability his committee or conservator, may exercise the this Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or 3.2Section 3.4, be exercised by his personal representative beneficiary or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distributionestate.
Appears in 1 contract
Person Eligible to Exercise. During Subject to Section 5.2(c) during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his the Optionee’s personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 1 contract
Samples: Hire Option Plan Non Qualified Stock Option Agreement (Gen Probe Inc)
Person Eligible to Exercise. During the lifetime of the Optionee, only he, or in the Optionee event of disability his committee or conservator, may exercise the an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Sections 3.1 or 3.2Section 3.6, be exercised by his personal representative beneficiary or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distributionestate.
Appears in 1 contract
Person Eligible to Exercise. During Except as provided in Section 5.2, during the lifetime of the Optionee, only the Optionee he may exercise the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Sections 3.1 or 3.2Section 3.3, be exercised by his personal representative or by any person empowered to do so under the deceased Optionee’s will or under the then applicable laws of descent and distribution.
Appears in 1 contract