Common use of Termination Because of Death or Disability Clause in Contracts

Termination Because of Death or Disability. If Participant is Terminated because of Participant's death or Disability (or the Participant dies within thirty (30) days after a Termination other than for Cause), then Participant's Options may be exercised only to the extent that such Options are exercisable by Participant on the Termination Date or as otherwise determined by the Committee. Such options must be exercised by Participant (or Participant's legal representative or authorized assignee), if at all, as to all or some of the Vested Shares calculated as of the Termination Date or such other date determined by the Committee, within twelve (12) months after the Termination Date but in any event no later than the expiration date of the Options.

Appears in 4 contracts

Samples: Equity Incentive Plan Grant (WEB.COM, Inc.), Stock Option Agreement (Interland Inc /Mn/), Equity Incentive Plan Agreement (Interland Inc /Mn/)

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Termination Because of Death or Disability. If Participant is ------------------------------------------ Terminated because of Participant's death or Disability (or the Participant dies within thirty (30) days after a Termination other than for Cause), then Participant's Options may be exercised only to the extent that such Options are exercisable by Participant on the Termination Date or as otherwise determined by the Committee. Such options must be exercised by Participant (or Participant's legal representative or authorized assignee), if at all, as to all or some of the Vested Shares calculated as of the Termination Date or such other date determined by the Committee, within twelve (12) months after the Termination Date but in any event no later than the expiration date of the Options.

Appears in 1 contract

Samples: Notice of Grant (Micron Electronics Inc)

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Termination Because of Death or Disability. If Participant is ------------------------------------------ Terminated because of Participant's death or Disability (or the Participant dies within thirty (30) days after a Termination other than for Cause), then Participant's Options may be exercised only to the extent that such Options are exercisable by Participant on the Termination Date or as otherwise determined by the Committee. Such options must be exercised by Participant (or Participant's legal representative or authorized assignee), if at all, as to all or some of the Vested Shares calculated as of the Termination Date or such other date determined by the Committee, within twelve (12) months after the Termination Date but in any event no later than the expiration date of the Options.within

Appears in 1 contract

Samples: 2000 Equity Incentive Plan Grant (Micron Electronics Inc)

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