Common use of Termination by Death Clause in Contracts

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Luminex Corp), Non Qualified Stock Option Agreement (Luminex Corp), Non Qualified Stock Option Agreement (Luminex Corp)

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Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Cigna Corp), Non Qualified Stock Option Agreement (HealthSpring, Inc.), Non Qualified Stock Option Agreement (HealthSpring, Inc.)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Bright Horizons Family Solutions Inc), Non Qualified Stock Option Agreement (HealthSpring, Inc.), Non Qualified Stock Option Agreement (Genesco Inc)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 3 contracts

Samples: Employment Agreement (Healthways, Inc), Non Qualified Stock Option Agreement (Healthways, Inc), Employment Agreement (American Healthways Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, but only if the Market-Vesting Conditions has been satisfied, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Chefs' Warehouse, Inc.), Non Qualified Stock Option Agreement (Chefs' Warehouse, Inc.), Non Qualified Stock Option Agreement (Chefs' Warehouse, Inc.)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Luminex Corp), American Retirement Corporation Non Qualified Stock Option Agreement (American Retirement Corp)

Termination by Death. If the Optionee's employment by ’s service as a director of the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Community First Inc), Non Qualified Stock Option Agreement (Community First Inc)

Termination by Death. If the Optionee's employment by the Company Corporation terminates by reason of death, or if then notwithstanding the Optionee dies within three (3) months after termination provisions of such employment for any reason other than CauseParagraph 4 hereof, this Option shall immediately become one hundred percent (100%) vested and may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Stock Option Agreement (Private Business Inc), Stock Option Agreement (Private Business Inc)

Termination by Death. If Unless otherwise determined by the Board, if the Optionee's ’s employment by with or service to the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent then exercisable (or on such accelerated basis as the Board shall determine at or after grant), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year after the date of such death or until the expiration of the original Term stated term of the OptionOption as provided under this Agreement, whichever period is longer.

Appears in 2 contracts

Samples: Stand Alone Stock Option Agreement (Jennifer Convertibles Inc), Stand Alone Stock Option Agreement (Jennifer Convertibles Inc)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Performance Food Group Co), Performance Food Group Company Non Qualified Stock Option Agreement (Performance Food Group Co)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of twelve (12) months from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Community First Inc), Incentive Stock Option Agreement (Community First Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option., whichever period is the shorter. (b)

Appears in 2 contracts

Samples: Retirement Corporation Incentive Stock Option Agreement (American Retirement Corp), Non Qualified Stock Option Agreement (American Retirement Corp)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (O Charleys Inc), Qualified Stock Option Agreement (O Charleys Inc)

Termination by Death. If the Optionee's employment by service with the Company or any Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, to the full extent of the Option Shares, for a period of twelve (12) months or until the expiration of the original Term stated term of the such Option, whichever period is shorter.

Appears in 2 contracts

Samples: Employee Non Qualified Stock Option Agreement (Novastar Financial Inc), Employee Non Qualified Stock Option Agreement (Novastar Financial Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (American Healthways Inc)

Termination by Death. If the Optionee's employment by with the Company or any of its affiliates terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of Optionee's estate, to the estate or by the legatee extent vested as of the Optionee under the will date of the Optionee, such death until the expiration earlier of (i) one year following such date of (ii) ten years 5 following the original Term Date of the OptionGrant.

Appears in 1 contract

Samples: Stock Option Agreement (Tickets Com Inc)

Termination by Death. If the Optionee's ’s employment by with the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than CauseCause (as defined below), this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mri Interventions, Inc.)

Termination by Death. If the Optionee's employment by ’s Service (as defined below) with the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment Service for any reason other than CauseCause (as defined below), this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term Expiration Date of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Surgivision Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination or with accelerated vesting if employment terminated upon death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Alexanders J Corp)

Termination by Death. If the Optionee's employment by the Company Corporation or any Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: First Pulaski National Corporation Incentive Stock Option Agreement (First Pulaski National Corp)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Emdeon Inc.)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Genesco Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, to the extent that the Optionee was entitled to exercise it at the date of the Optionee’s death, for a period of one year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Pinnacle Financial Partners Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.. (b)

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, to the extent that the Optionee was entitled to exercise it at the date of the Optionee's death, for a period of one year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Pinnacle Financial Partners Inc)

Termination by Death. If the Optionee's employment by the Company or any Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent to which it was then exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Civitas Bankgroup Inc)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than CauseCause (as defined in the Employment Agreement), this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Luminex Corporation Non Qualified Stock Option Agreement (Luminex Corp)

Termination by Death. If the Optionee's employment by ’s service with the Company or any Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, to the full extent of the Option Shares, for a period of twelve (12) months or until the expiration of the original Term stated term of the such Option, whichever period is shorter.

Appears in 1 contract

Samples: Employee Non Qualified Stock Option Agreement (Novation Companies, Inc.)

Termination by Death. If Unless otherwise determined by the Committee, if the Optionee's ’s employment by with or service to the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent then exercisable (or on such accelerated basis as the Committee shall determine at or after grant), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year after the date of such death or until the expiration of the original Term stated term of the OptionOption as provided under this Agreement, whichever period is shorter.

Appears in 1 contract

Samples: Stand Alone Stock Option Agreement (Falconstor Software Inc)

Termination by Death. If the Optionee's ’s employment by with the Company terminates by reason of his death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, to the extent the Option Shares are then vested, for a period of twelve (12) months or until the expiration of the original Term stated term of the such Option, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Novastar Financial Inc)

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Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if any Option held by the Optionee dies within three (3) months after termination may be exercised, to the extent exercisable at the date of such employment for any reason other than Causedeath, this Option may thereafter be exercised by the Optionee’s legal representative or legatee for a period of one hundred eighty (180) days from the estate date of death or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the OptionExpiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Brooktrout Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of three (3) years from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment Optionee’s position as a director of the Company for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 1 contract

Samples: Gaylord Entertainment Company Director Non Qualified Stock Option Agreement (Gaylord Entertainment Co /De)

Termination by Death. If the Optionee's employment by with the Company or any Subsidiary of the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, but only to the extent the Option is exercisable at the time of death, for a period of twelve (12) months or until the expiration of the original Term stated term of the such Option, whichever period is shorter.

Appears in 1 contract

Samples: Employee Non Qualified Stock Option Agreement (Lamonts Apparel Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Luminex Corp)

Termination by Death. If the Optionee's ’s employment by with the Company or any Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, to the full extent of the Option Shares (accelerating the provisions of paragraph (a) of Section 4), for a period of twelve (12) months or until the expiration of the original Term stated term of the such Option, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Novastar Financial Inc)

Termination by Death. If the Optionee's employment by the Company Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent to which it was then exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of death or until the expiration of the original Term stated term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Civitas Bankgroup Inc)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 1 contract

Samples: Gaylord Entertainment Company Non Qualified Stock Option Agreement (Gaylord Entertainment Co /De)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment Optionee's position as a director of the Company for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 1 contract

Samples: Gaylord Entertainment (Gaylord Entertainment Co /De)

Termination by Death. If the Optionee's employment by ’s service as a director of the Company terminates is terminated by reason of death, or if the Optionee dies within three (3) months after termination of such employment service for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Healthstream Inc)

Termination by Death. If the Optionee's ’s employment by the Company or service as a director of the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of three (3) years from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

Termination by Death. If the Optionee's employment by ’s service as a director of the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of three (3) years from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

Termination by Death. If the Optionee's employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (HealthSpring, Inc.)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (HealthSpring, Inc.)

Termination by Death. If the Optionee's employment by service as a director of the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment service for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Bright Horizons Family Solutions Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the original Term of the Option.

Appears in 1 contract

Samples: Gaylord Entertainment Company Non Qualified Stock Option Agreement (Gaylord Entertainment Co /De)

Termination by Death. If the Optionee's employment by with the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised as to any Option Shares exercisable as of the date of such termination by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, Optionee for a period of 12 months from the date of such death or until the expiration of the original Term stated term of the such Option., whichever period is shorter. 1.7

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Juno Lighting Inc)

Termination by Death. If the Optionee's ’s employment by the Company and any Subsidiary terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of death, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one year from the date of such death or until the expiration of the original Term stated term of the Option, whichever period is shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (O Charleys Inc)

Termination by Death. If the Optionee's ’s employment by the Company terminates by reason of death, or if the Optionee dies within three (3) months after termination of such employment for any reason other than Cause, this Option may thereafter be exercised exercised, to the extent the Option was exercisable at the time of such termination, by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of one (1) year from the date of death or until the expiration of the original Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (HealthSpring, Inc.)

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