Person Eligible to Exercise. During the lifetime of the Employee, only the Employee may exercise the Option or any portion thereof. After the death of the Employee, any portion of the Option that is exercisable on the date of the Employee’s death may, prior to the time when the Option may no longer be exercised pursuant to the provisions of Section 3.3, be exercised by 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 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 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 may no longer be exercised pursuant to the provisions of becomes unexercisable under Section 3.3, be exercised by 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 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 the Employee he 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 may no longer be exercised pursuant to the provisions of becomes unexercisable under Section 3.3, be exercised by 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 2 contracts
Samples: Form of 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, . only 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 may no longer be exercised pursuant to the provisions of becomes unexercisable under Section 3.3, be exercised by the Employee’s 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 1 contract
Person Eligible to Exercise. During the lifetime of the Employee, only the Employee may exercise the Option or any portion thereof. After the death of the Employee, the Option or any portion of the Option that is exercisable on the date of the Employee’s death may, prior to the time when the Option may no longer be exercised pursuant to the provisions of becomes unexercisable under Section 3.33.2 hereof, be exercised by the Employee’s '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 1 contract
Person Eligible to Exercise. During the lifetime of the Employee, only the Employee may exercise the Option or any portion thereof. After the death of the Employee, any portion of the Option that is exercisable on the date of the Employee’s 's death may, prior to the time when the Option may no longer be exercised pursuant to the provisions of Section 3.3, be exercised by the Employee’s '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 1 contract
Samples: Stock Option Agreement (STRATA Skin Sciences, Inc.)
Person Eligible to Exercise. During the lifetime of the Employee, only the Employee he 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 may no longer be exercised pursuant to the provisions of such portion becomes unexercisable under Section 3.3, be exercised by the Employee’s 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 (Scpie Holdings Inc)
Person Eligible to Exercise. During the lifetime of the Employee, only the Employee he may exercise the Option 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 option may, prior to the time when the Option may no longer be exercised pursuant to the provisions of option becomes unexercisable under Section 3.3, be exercised by the Employee’s 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 1 contract
Samples: Incentive Stock Option Agreement (Ansys Diagnostics Inc)
