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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by 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 (Scoop Inc/De), Non Qualified Stock Option Agreement (Scoop Inc/De)
Person Eligible to Exercise. During the lifetime of the Optionee, only Only the Optionee may exercise the Option or any portion thereof. After In the case of an individual Optionee, after the death of the Optionee, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.33.2, be exercised by Optionee's his or her 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: Consultant Stock Option Agreement (Tellium Inc), Consultant Stock Option Agreement (Tellium 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 the an Option may, prior to the time when the an Option becomes unexercisable under Section 3.33.2, be exercised by Optionee's his or her 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 (Accuride Corp), Form of Non Qualified Stock Option Agreement (Accuride Corp)
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 the Option may, prior to the time when the Option becomes unexercisable under Section SECTION 3.3, be exercised by Optionee's 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.
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Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee he or she 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 3.33.2, be exercised by Optionee's his or her 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
Samples: Non Qualified Stock Option Agreement (American Medserve Corp)
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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.3the Plan or this Agreement, be exercised by 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 1 contract
Samples: Qualified Stock Option Agreement (TSW International Inc)
Person Eligible to Exercise. (a) 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 the Option may, prior to the time when the Option becomes unexercisable terminates under Section 3.3, be exercised by Optionee's 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
Samples: Nonqualified Stock Option Agreement (Playtex Products 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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.33.2, be exercised by Optionee's his 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 1 contract
Samples: Non Qualified Stock Option Agreement (Alliance HealthCare Services, Inc)
Person Eligible to Exercise. During Except as provided in Section 5.1, 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 the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by Optionee's his 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 1 contract
Samples: Stock Option Agreement Number Number of Stock Options Granted (Petco Animal Supplies 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 the an Option may, prior to the time when the an Option becomes unexercisable under Section 3.3, be exercised by Optionee's 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
Samples: Non Qualified Stock Option Agreement (KMC Telecom Holdings Inc)
Person Eligible to Exercise. During Except as provided in Sections 5.2(c) and 5.2(d) hereof, 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 3.33.3 hereof, be exercised by the Optionee's ’s personal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then then-applicable laws of descent and distribution.
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