Persons 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 portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.2, be exercised by 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 4 contracts
Samples: Stock Option Agreement (St John Trademarks Inc), Stock Option Agreement (Travelcenters of America Inc), Stock Option Agreement (St John Trademarks Inc)
Persons Eligible to Exercise. During the lifetime of the Optionee, only the Optionee Optionee, or any person to whom the Option may be transferred pursuant to Section 6.2 below, 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 3.23.3, be exercised by the 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 3 contracts
Samples: Non Qualified Stock Option Agreement (Catalyst Pharmaceutical Partners, Inc.), Non Qualified Stock Option Agreement (Catalyst Pharmaceutical Partners, Inc.), Non Qualified Stock Option Agreement (Catalyst Pharmaceutical Partners, Inc.)
Persons 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 3.2, be exercised by the Optionee's ’s personal representative or by any person empowered to do so under the deceased 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 (Life Time Group Holdings, Inc.), Non Qualified Stock Option Agreement (Life Time Group Holdings, Inc.)
Persons Eligible to Exercise. During the lifetime of the Optionee, only the Optionee Optionee, or any person to whom the Option may be transferred pursuant to Section 6.2 below, 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 3.2, be exercised by the 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 (Catalyst Pharmaceutical Partners, Inc.)
Persons 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 3.23.3, 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 applicable laws of descent and distribution.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Life Time Group Holdings, Inc.)
Persons 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 3.23.3, be exercised by the Optionee's ’s personal representative or by any person empowered to do so under the deceased 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 (Life Time Group Holdings, Inc.)
