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

Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of Termination, may be exercised by Optionee (or Optionee's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

Appears in 9 contracts

Samples: Non Plan Stock Option Agreement (Niku Corp), Non Plan Stock Option Agreement (Silicon Image Inc), Non Plan Stock Option Agreement (Silicon Image Inc)

AutoNDA by SimpleDocs

Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of Termination, may be exercised by Optionee (or Optionee's ’s legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

Appears in 5 contracts

Samples: Non Plan Stock Option Agreement (Silicon Image Inc), Non Plan Stock Option Agreement (Silicon Image Inc), Non Plan Stock Option Agreement (Silicon Image Inc)

Termination Because of Death or Disability. If Optionee is Terminated terminated because of death or Disability disability (as such term is used in the Employment Agreement) of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause)Optionee, then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement 4.1 hereof on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's ’s legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of TerminationTermination Date (or such longer time period not exceeding five (5) years as may be determined by the Committee), but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Langer Inc), Stock Option Agreement (Langer Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of the death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause)Optionee, then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable by Optionee on the date of Termination, may be exercised by Optionee (or Optionee's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HNC Software Inc/De), Non Qualified Stock Option Agreement (HNC Software Inc/De)

Termination Because of Death or Disability. If Optionee is Terminated because of his of her death or Disability of Optionee (or , the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable on the date of TerminationOptionee's Termination Date, may be exercised by Optionee (or Optionee's legal representative) the Holder no later than twelve (12) months after the date of TerminationTermination Date, but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Macromedia Inc), Non Qualified Stock Option Agreement (Macromedia Inc)

Termination Because of Death or Disability. If Optionee is ------------------------------------------ Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of deathOptionee, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable by Optionee on the date of Termination, may be exercised by Optionee (or Optionee's legal representative) no later than twelve ninety (1290) months days after the date of Termination, but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Exodus Communications Inc), Nonqualified Stock Option Agreement (Exodus Communications Inc)

Termination Because of Death or Disability. If Optionee ------------------------------------------ is Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of Termination, may be exercised by Optionee (or Optionee's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Non Plan Stock Option Agreement (Verisign Inc/Ca)

Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or for Cause), then ) this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable by Optionee on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's legal representative) ), if at all, as to all or some of the Vested Shares calculated as of the Termination Date, no later than twelve (12) months after the date of TerminationTermination Date, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Iq Biometrix Inc)

Termination Because of Death or Disability. If Optionee ------------------------------------------ is Terminated because of the death or Disability of Optionee (or the if Optionee dies within three (3) months after a following Termination other than for Cause or because of death, Disability or CauseOptionee's Disability), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable by Optionee on the date of Termination, may be exercised by Optionee (or Optionee's legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Tsi International Software LTD)

Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a of Termination occurring other than because of death, Optionee's Disability or for Cause), then this the Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable by Optionee on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's legal representative) as to some or all of the Vested Interest no later than twelve (12) months after the date of TerminationTermination Date, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Option Agreement (Marketwatch Com Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of his of her death or Disability of Optionee (or Optionee, the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable on the date of TerminationOptionee's Termination Date, may be exercised by Optionee (or Optionee's legal representative) the Holder no later than twelve (12) months after the date of TerminationTermination Date, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Macromedia Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability disability of Optionee (or the Optionee dies within three (3) months after a Termination other than for cause or because of death, Disability or Causedisability), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement hereof on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of TerminationTermination Date, but in any event event, no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Tech Laboratories Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of death Death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, for Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's ’s legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of TerminationTermination Date, but in any no event no later than the Expiration Date.

Appears in 1 contract

Samples: Non Plan Stock Option Agreement (Silicon Image Inc)

AutoNDA by SimpleDocs

Termination Because of Death or Disability. If Optionee is Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of deathOptionee, Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement exercisable by Optionee on the date of Termination, may be exercised by Optionee (or Optionee's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Grant (Intuit Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of the death or Disability of Optionee (or the Optionee dies within three ninety (390) months days after a Termination other than because of death, Disability or CauseDisability), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement hereof on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's ’s legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of TerminationTermination Date, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Macromedia Inc)

Termination Because of Death or Disability. If Optionee is Terminated terminated because of death or Disability permanent disability of Optionee (or pursuant to Section 7(a) of the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause)Employment Agreement, then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement 4 hereof on the date of Terminationtermination, may be exercised by Optionee (or Optionee's ’s legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of Terminationtermination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Net Perceptions Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of death Death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, for Disability or Causecause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of TerminationTermination Date, but in any no event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Silicon Image Inc)

Termination Because of Death or Disability. If Optionee is Terminated because of death Death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, for Disability or Cause), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's ’s legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of TerminationTermination Date, but in any no event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Silicon Image Inc)

Termination Because of Death or Disability. If Optionee is ------------------------------------------ Terminated because of death or Disability of Optionee (or the Optionee dies within three (3) months after a Termination other than for Cause or because of death, Disability or CauseDisability), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement hereof on the date of TerminationTermination Date, may be exercised by Optionee (or Optionee's legal representative) no later than twelve (12) months after the date of TerminationTermination Date, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Interwoven Inc)

Termination Because of Death or Disability. If Optionee is Terminated terminated because of death or Disability disability (as such term is used in the Employment Agreement) of Optionee (or the Optionee dies within three (3) months after a Termination other than because of death, Disability or Cause)Optionee, then this Option, to the extent that it is vested in accordance with the schedule schedules set forth in Section 2.1 of this Agreement 3.1 hereof on the date of Terminationtermination, may be exercised by Optionee (or Optionee's legal representativerepresentative or authorized assignee) no later than twelve (12) months after the date of Terminationtermination (or such longer time period not exceeding five (5) years as may be determined by the Committee), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Clarus Corp)

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