Common use of Rights in the Event of Death Clause in Contracts

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, the Company or any of its affiliates, the executors or administrators or legatees or distributees of such Optionee's estate shall have the right at any time within one year after the date of such Optionee's death, and prior to termination of the Option pursuant to Section 6.1 above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's death, whether or not such Option was exercisable immediately prior to such Optionee's death.

Appears in 4 contracts

Samples: Option Agreement (Global Imaging Systems Inc), Incentive Stock Option Agreement (Global Imaging Systems Inc), Incentive Stock Option Agreement (Global Imaging Systems Inc)

AutoNDA by SimpleDocs

Rights in the Event of Death. If the Optionee dies while employed byby the Company, a Subsidiary or a Service Provider, or in the service of, the Company or any of its affiliateswhile serving as a Service Provider, the executors or administrators or legatees or distributees of such the Optionee's ’s estate shall have the right right, at any time within one year after the date of such the Optionee's death, ’s death and prior to termination of the Option pursuant to Section 6.1 3.4 above, to exercise, in whole or in part, any exercise the Option held by such Optionee at with respect to all shares subject to the date of such Optionee's deathOption, whether or not such the Option was exercisable immediately prior to such the Optionee's ’s death.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Ps Business Parks Inc/Ca), Non Qualified Stock Option Agreement (Ps Business Parks Inc/Ca), Non Qualified Share Option Agreement (Ps Business Parks Inc/Ca)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, the Company or any of its affiliates, the executors or administrators or legatees or distributees of such Optionee's estate shall have the right at any time within one year after the date of such Optionee's death, and prior to termination of the Option pursuant to Section SECTION 6.1 above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's death, whether or not such Option was exercisable immediately prior to such Optionee's death.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Global Imaging Systems Inc), Incentive Stock Option Agreement (Global Imaging Systems Inc), Incentive Stock Option Agreement (Global Imaging Systems Inc)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, the Company or any of its affiliates, the executors or administrators or legatees or distributees of such Optionee's estate shall have the right at any time within one year after the date of such Optionee's death, and prior to termination of the Option pursuant to Section 6.1 5.1 above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's death, whether or not such Option was exercisable immediately prior to such Optionee's death.

Appears in 2 contracts

Samples: Stock Option Agreement (Via Net Works Inc), Stock Option Agreement (Via Net Works Inc)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, of the Company or any one of its affiliates, the executors or administrators or legatees or distributees of such Optionee's ’s estate shall have the right at any time within one year after the date of such Optionee's ’s death, and prior subject to termination of the Option pursuant to general limitations imposed by Section 6.1 4.3 above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's ’s death, whether or not such Option was exercisable immediately prior to such Optionee's ’s death.

Appears in 2 contracts

Samples: Stock Option Agreement (WSB Holdings Inc), Stock Option Agreement (WSB Holdings Inc)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, of the Company or any of its affiliatesaffiliates or Service Providers, the executors or administrators or legatees or distributees of such Optionee's estate shall have the right at any time within one year after the date of such Optionee's death, and prior to termination of the Option pursuant to Section 6.1 5.1 above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's death, whether or not such Option was exercisable immediately prior to such Optionee's death.

Appears in 1 contract

Samples: Director Stock Option Agreement (Answerthink Inc)

Rights in the Event of Death. If the Optionee dies while employed by, terminates Service because of his or in the service of, the Company or any of its affiliatesher death, the executors or administrators or legatees or distributees of such Optionee's ’s estate shall have the right at any time within one year after the date of such Optionee's ’s death, and prior to termination of the Option pursuant to Section 6.1 5(a) above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's ’s death, whether or not such Option was exercisable immediately prior to such Optionee's ’s death.

Appears in 1 contract

Samples: Stock Option Plan Stock Option Agreement (Martek Biosciences Corp)

AutoNDA by SimpleDocs

Rights in the Event of Death. If the Optionee dies while employed by, or in service as a director of the service of, the Company or any of its affiliatesCorporation, the executors or administrators or legatees or distributees of such the Optionee's ’s estate shall have the right right, at any time within one year after the date of such the Optionee's death, ’s death and prior to termination of the Option pursuant to Section 6.1 3.4 above, to exercise, in whole or in part, any exercise the Option held by such Optionee at with respect to all shares subject to the date of such Optionee's deathOption, whether or not such the Option was exercisable immediately prior to such the Optionee's ’s death.

Appears in 1 contract

Samples: 2003 Stock Option and Incentive Plan Stock Option Agreement (Ps Business Parks Inc/Ca)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, the Company or any of its affiliatesaffiliates or Service Providers, the executors or administrators or legatees or distributees of such Optionee's estate shall have the right at any time within one year after the date of such Optionee's death, and prior to termination of the Option pursuant to Section 6.1 5.1 above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's death, whether or not such Option was exercisable immediately prior to such Optionee's death.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Answerthink Inc)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, the Company Corporation or any of its affiliatesAffiliates, the executors or administrators or legatees or distributees of such Optionee's estate shall have the right at any time within one year 180 days after the date of such Optionee's death, and prior to termination of the Option pursuant to Section 6.1 6(a) above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's death, whether or not such Option was exercisable immediately prior to such Optionee's death.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (LCC International Inc)

Rights in the Event of Death. If the Optionee dies while employed by, or in the service of, the Company or any of its affiliatesAffiliates, the executors or administrators or legatees or distributees of such Optionee's ’s estate shall have the right at any time within one year 180 days after the date of such Optionee's ’s death, and prior to termination of the Option pursuant to Section 6.1 6(a) above, to exercise, in whole or in part, any Option held by such Optionee at the date of such Optionee's ’s death, whether or not such Option was exercisable immediately prior to such Optionee's ’s death.

Appears in 1 contract

Samples: Equity Incentive Plan Non Incentive Stock Option Agreement Terms and Conditions (LCC International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!