Common use of Termination by Death Clause in Contracts

Termination by Death. If the Optionee's employment with the Company, any Subsidiary and/or any Affiliate terminates by reason of death (or if Optionee dies following termination of employment by reason of disability or retirement at or after age 65), the Option shall become immediately exercisable 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, during the period ending on the expiration of the stated term of the Option or the first anniversary of the Optionee's death, whichever is later.

Termination by Death. If the Optionee's ’s employment with the Company, any Subsidiary and/or any Affiliate terminates by reason of death (or if Optionee dies following termination of employment by reason of disability or retirement at or after age 65), the Option shall become immediately exercisable 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, during the period ending on the expiration of the stated term of the Option or the first anniversary of the Optionee's ’s death, whichever is later.

Termination by Death. If the Optionee's ’s employment with the Company, any Subsidiary and/or and any Affiliate terminates by reason of death (or if Optionee dies following termination of employment by reason of disability Disability or retirement at or after age 65Normal Retirement), the Option shall become immediately exercisable 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, during the period ending on the expiration of the stated term of the Option or the first anniversary of the Optionee's ’s death, whichever is later.

Termination by Death. If the Optionee's ’s employment with the Company, any Subsidiary and/or or any Affiliate terminates by reason of death (or if Optionee dies following termination of employment by reason of disability Disability or retirement at or after age 65Normal Retirement), the Option shall become immediately exercisable and may thereafter be immediately exercised by the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, during the period ending on the expiration of the stated term of the Option or the first anniversary of the Optionee's ’s death, whichever is later.