Common use of Persons Entitled to Exercise Clause in Contracts

Persons Entitled to Exercise. The Option may be exercised: (a) except as provided below or in the Plan, only by you during your lifetime; (b) in the event of your death while in the employment of the Company (or one or more of its affiliates) (or following termination of your employment by reason of your Retirement) by your legal representative or by the legal representative of your estate; and (c) in the event of your permanent Disability, by you or by your legal representative (as the case may be). In the event of your death while you are in the employment of the Company (or one or more of its affiliates), all Options remaining unexercised as of the date of death may be exercised by the personal representative of your estate, including the executor under your will or an administrator with the will annexed, or the administrator of your estate in the event you should die intestate; provided that such installments must be exercised, if at all, prior to the expiration of the Option Period. In the event of termination of your employment by reason of your permanent and total Disability, as that term is defined in Section 22(e)(3) of the Code, all Options remaining unexercised at the time of termination of employment may be exercised by you or your legal representative (as the case may be), provided that such installments must be exercised, if at all, prior to the expiration of the Option Period. Exercise of the Option by your representative or fiduciary or your estate shall be subject to all of the terms and conditions of this Agreement and of the Plan and shall entitle such representative or fiduciary to no greater part of the Optioned Shares than you could have acquired if you had exercised the Option at the time of your death or termination of employment by reason of permanent Disability. To the extent that any such representative or fiduciary shall be entitled to exercise the Option in accordance with the provisions of Section 6 and the other sections of this Agreement, the terms “you” and “your” shall include such representative or fiduciary for purposes of this Agreement.

Persons Entitled to Exercise. The Option may be exercised: (a) except as provided below or in the Plan, only by you during your lifetime; (b) in the event of your death while in the employment of the Company (or one or more of its affiliates) (or following termination of your employment by reason of legal incapacity, by the Personal Representative of your Retirement) by estate or your legal representative or by the legal representative of your estaterepresentative; and (c) in the event of your permanent Disability, by you or by your legal representative (as the case may be). In the event of your death while you are in the employment of the Company (or one or more Company, only the exercisable installments of its affiliates), all Options remaining unexercised the Option as of the date of death may be exercised by the personal representative Personal Representative of your estate, including the executor under your will or an administrator with the will annexed, or the administrator of your estate in the event you should die intestate; provided that such installments must be exercised, if at all, prior to within the expiration lesser of six (6) months after the Option Perioddate of your death and ten (10) years after the Effective Date. In the event of termination of your employment by reason of your permanent legal incapacity, only the exercisable installments of the Option at the time of termination of employment may be exercised by your conservator or other legal representative, provided that such installments must be exercised, if at all, within the lesser of ninety (90) days of the date of termination and total ten (10) years after the Effective Date. In the event of termination of your employment by reason of your Disability, as that term is defined in Section 22(e)(3) only the exercisable installments of the Code, all Options remaining unexercised Option at the time of termination of employment may be exercised by you or your legal representative (as the case may be), provided that such installments must be exercised, if at all, prior to within the expiration lesser ninety (90) days of the Option Perioddate of termination and ten (10) years after the Effective Date. Exercise of the Option by your representative Personal Representative or fiduciary or your estate shall be subject to all of the terms and conditions of this Agreement and of the Plan and shall entitle such representative or fiduciary to no greater part of the Optioned Shares than you could have acquired if you had exercised the Option at the time of your death or termination of employment by reason of permanent Disabilitydisability or legal incapacity. To the extent that any such representative or fiduciary shall be entitled to exercise the Option in accordance with the provisions of Section 6 4 and the other sections of this Agreement, the terms “you” and “your” shall include such representative or fiduciary for purposes of this Agreement.