Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 3 but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the “beneficiary”), or if none, to Executive’s estate, (b) all applicable insurance coverage will be provided to Executive’s family as though Executive had continued to live, and (c) any stock options that become exercisable will be exercisable by the beneficiary, or if none, the Executive’s estate.
Appears in 10 contracts
Samples: Change of Control and Severance Agreement (TherOx, Inc.), Change of Control and Severance Agreement (TherOx, Inc.), Change of Control Severance Agreement (Eyeonics Inc)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 3 4 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has have been designated by Executive in writing (the “"beneficiary”"), or if none, to Executive’s 's estate, (b) all applicable insurance coverage will be provided to Executive’s 's family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 4.4(b)(iii) or Section 4.4(iv) will be exercisable by the beneficiary, or if none, the Executive’s estate.
Appears in 9 contracts
Samples: Severance Agreement (Genrad Inc), Severance Agreement (Genrad Inc), Severance Agreement (Genrad Inc)
Rights of Survivors. If Executive dies after becoming entitled to benefits under Section 3 following termination of employment but before all such benefits have been provided, (a) all unpaid cash amounts will be paid to the beneficiary that has been designated by Executive in writing (the “beneficiary”), or if none, to Executive’s estate, (b) all applicable insurance coverage will be provided to Executive’s family as though Executive had continued to live, and (c) any stock options that become exercisable under Section 3.4 will be exercisable by the beneficiary, or if none, the Executive’s estate.
Appears in 3 contracts
Samples: Lionbridge Technologies, Inc. Agreement (Lionbridge Technologies Inc /De/), Is an Agreement (Lionbridge Technologies Inc /De/), Lionbridge Technologies Inc /De/