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: Incentive Stock Option Agreement (Cherokee Inc), Stock Option Agreement (New Plan Excel Realty Trust Inc), 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 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 (Spectranetics Corp), Incentive Stock Option Agreement (Viasat Inc), Non Qualified Stock Option Agreement (Spectranetics Corp)
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 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 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 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 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
