Termination Because of Death or Disability. If Optionee is Terminated because of his death or his Disability (or Optionee dies within three (3) months after a Termination other than because of his Disability or because of the existence of Cause), then this Option shall be exercisable by Optionee, or the person or persons to whom Optionee’s rights under this Option shall have passed by Optionee’s will or by the laws of descent and distribution, only to the extent the Option was exercisable on the date of Optionee’s Termination, but had not previously been exercised, and shall expire on the earlier of: (i) the close of business six months after Optionee’s Termination Date and (ii) the Expiration Date.
Appears in 8 contracts
Samples: Incentive Stock Option Agreement, Incentive Stock Option Agreement (API Nanotronics Corp.), Incentive Stock Option Agreement (API Nanotronics Corp.)
Termination Because of Death or Disability. If Optionee is Terminated because of his death or his Disability (or Optionee dies within three (3) months after a Termination other than because of his Disability or because of the existence of for Cause), then this Option shall be exercisable by Optionee, or the person or persons to whom Optionee’s rights under this Option shall have passed by Optionee’s will or by the laws of descent and distribution, only to the extent the Option was exercisable on the date of Optionee’s Termination, but had not previously been exercised, and shall expire on the earlier of: (i) the close of business six months after Optionee’s Termination Date and (ii) the Expiration Date.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Ceco Environmental Corp), Incentive Stock Option Agreement (Ceco Environmental Corp)
Termination Because of Death or Disability. If Optionee is Terminated because of his death or his Disability (or Optionee dies within three (3) months after a Termination other than because of his Disability or because of the existence of Cause), then this Option shall be exercisable by Optionee, or the person or persons to whom Optionee’s rights under this Option shall have passed by Optionee’s will or by the laws of descent and distribution, only to the extent the Option was exercisable on the date of Optionee’s Termination, but had not previously been exercised, and shall expire on the earlier of: (i) the close of business six (6) months after Optionee’s Termination Date and (ii) the Expiration Date.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (API Technologies Corp.)
Termination Because of Death or Disability. If Optionee is Terminated because of his death or his Disability (or Optionee dies within three (3) months after a Termination other than because of his Disability or because of the existence of for Cause), then this Option shall be exercisable by Optionee, or the person or persons to whom Optionee’s 's rights under this Option shall have passed by Optionee’s 's will or by the laws of descent and distribution, only to the extent the Option was exercisable on the date of Optionee’s 's Termination, but had not previously been exercised, and shall expire on the earlier of: (i) the close of business six months after Optionee’s 's Termination Date and (ii) the Expiration Date.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Ceco Environmental Corp)
