Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by the Optionee’s beneficiary designated in accordance with Section 9.4 of the Plan. If no beneficiary has been designated or survives the Optionee, the Option may be exercised by the person entitled to such exercise pursuant to the Optionee’s will or the laws of descent and distribution.
Appears in 4 contracts
Samples: Stock Option Agreement (Renovis Inc), Stock Option Agreement (Renovis Inc), Stock Option Agreement (Renovis Inc)
Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by the Optionee’s beneficiary designated in accordance with Section 9.4 10.4 of the Plan. If no beneficiary has been designated or survives the Optionee, the Option may be exercised by the person entitled to such exercise pursuant to the Optionee’s will or the laws of descent and distribution.
Appears in 4 contracts
Samples: Stock Option Agreement (Orion Acquisition Corp Ii), Immediately Exercisable Stock Option Agreement (Santarus Inc), Stock Option Agreement (Orion Acquisition Corp Ii)
Person Eligible to Exercise. Except as provided in Sections 5.2(b8(b)(1) and 5.2(c8(b)(2), 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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.35(c), be exercised by the Optionee’s beneficiary designated in accordance with Section 9.4 of the Plan8(b)(2). If no beneficiary has been designated or survives the Optionee, the Option may be exercised by the person entitled to such exercise pursuant to the Optionee’s will or the laws of descent and distribution.
Appears in 3 contracts
Samples: Employment Commencement Nonstatutory Stock Option Grant Notice and Stock Option Agreement (Renovis Inc), Employment Commencement Nonstatutory Stock Option Grant Notice and Stock Option Agreement (Renovis Inc), Employment Agreement (Renovis Inc)
Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by the Optionee’s 's beneficiary designated in accordance with Section 9.4 10.4 of the Plan. If no beneficiary has been designated or survives the Optionee, the Option may be exercised by the person entitled to such exercise pursuant to the Optionee’s 's will or the laws of descent and distribution.
Appears in 2 contracts
Samples: Stock Option Agreement (Cancervax Corp), Stock Option Agreement (Cancervax Corp)
Person Eligible to Exercise. Except as provided in Sections 5.2(b4.2(b) and 5.2(c4.2(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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.32.3, be exercised by the Optionee’s beneficiary designated in accordance with Section 9.4 10.4 of the Plan. If no beneficiary has been designated or survives the Optionee, the Option may be exercised by the person entitled to such exercise pursuant to the Optionee’s will or the laws of descent and distribution.
Appears in 1 contract
