Common use of Termination Due to Death Clause in Contracts

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of death, whichever period is shorter, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) that have acquired the Optionee’s rights under such Options by will or by the laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s estate or representative of the Optionee’s estate.

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of death, whichever period is shorter, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) that have acquired the Optionee’s rights under such Options by will or by the laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s estate or representative of the Optionee’s estate.

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end expiration of the Exercise Term, or for lesser of one (1) year after from the date of death, whichever period is shorterdeath or the remaining Exercise Term, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) that have acquired the Optionee’s 's rights under such Options by will or by the laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s 's estate or representative of the Optionee’s 's estate.

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end expiration of the Exercise Term, or for lesser of one (1) year after from the date of death, whichever period is shorterdeath or the remaining Exercise Term, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) that have acquired the Optionee’s 's rights under such Options by will or by the laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s 's estate or representative of the Optionee’s 's estate.

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end expiration of the Exercise Term, or for lesser of one (1) year after from the date of death, whichever period is shorterdeath or the remaining Exercise Term, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) persons that have acquired the Optionee’s 's rights under such Options by will or by the laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s 's estate or representative of the Optionee’s 's estate.

Termination Due to Death. In the event the Optionee dies while actively employedactivelyemployed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of death, whichever period is shorter, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) that have acquired the Optionee’s rights under such Options by will or by the laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s estate or representative of the Optionee’s estate.

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of death, whichever period is shorter, by (A) a Permitted Transferee (as defined in Section 8 9 below), if any, or such person(s) that have acquired the Optionee’s rights under such Options Option by will or by the applicable laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s estate or the representative of the Optionee’s estate.

Termination Due to Death. In the event the Optionee dies while actively employed, the Option shall become immediately and fully exercisable, and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of death, whichever period is shorter, by (A) a Permitted Transferee (as defined in Section 8 below), if any, or such person(s) that have acquired the Optionee’s rights under such Options the Option by will or by the applicable laws of descent and distribution, or (B) if no such person described in (A) exists, the Optionee’s estate or the representative of the Optionee’s estate.