Common use of Termination Due to Death Clause in Contracts

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 7 contracts

Samples: Stock Option Agreement (Stockeryale Inc), Non Qualified Stock Option Agreement (Medwave Inc), Non Qualified Stock Option Agreement (Stockeryale Inc)

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Termination Due to Death. If the Optionee's ’s employment (or other business relationship) terminates by reason of death, any Option held by the Optionee shall become fully be automatically vested on the date of termination and shall be exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 twelve (12) months from the date of death termination, or until the Expiration Date, if earlier.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Avalonbay Communities Inc), Non Qualified Stock Option Agreement (Avalonbay Communities Inc), Non Qualified Stock Option Agreement (Avalonbay Communities Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Stockeryale Inc), Non Qualified Stock Option Agreement (Stockeryale Inc), Incentive Stock Option Agreement (Stockeryale Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 twelve (12) months from the date of death or until the Expiration Date, if earlier.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Zoll Medical Corporation), Incentive Stock Option Agreement (Albany Molecular Research Inc), Non Qualified Stock Option Agreement (Zoll Medical Corporation)

Termination Due to Death. If the Optionee's ’s employment (or other business relationship) terminates by reason of death, any Option held by the Optionee shall become fully may be exercised, to the extent exercisable and may thereafter be exercised at the date of death, by the Optionee's ’s legal representative or legatee for a period of 12 six (6) months from the date of death death, or until the Expiration Date, if earlier. For clarification, it is noted that this means that the remaining unvested portion of the Option shall terminate immediately and be of no further force or effect.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Avalonbay Communities Inc), Employee Incentive Stock Option Agreement (Avalonbay Communities Inc), Incentive Stock Option Agreement (Avalonbay Communities Inc)

Termination Due to Death. If the Optionee's employment by the Company terminates by reason of death, any the Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, for a period of 12 months three years from the date of such death or until the Expiration Dateexpiration of the Exercise Period, if earlierwhichever is shorter.

Appears in 2 contracts

Samples: Stock Option Agreement (Advanced Plant Pharmaceuticals Inc), Stock Option Agreement (Advanced Plant Pharmaceuticals Inc)

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully may be exercised, to the extent exercisable and may thereafter be exercised at the date of death, by the Optionee's legal representative or legatee for a period of 12 months one (1) year from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Executive Employment Agreement (Trident International Inc), Executive Employment Agreement (Trident International Inc)

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully may be exercised, to the extent exercisable and may thereafter be exercised at the date of death, by the Optionee's legal representative or legatee for a period of 12 months 180 days from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Employment Agreement (Strategic Diagnostics Inc/De/), Incentive Stock Option Agreement (Birkmeyer Richard C)

Termination Due to Death. If the Optionee's employment terminates ------------------------ by reason of death, any this Option held by may be exercised, to the Optionee shall become fully extent exercisable and may thereafter be exercised by at the Optionee's legal representative or legatee date of death, for a period of 12 months one (1) year from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Data Translation Ii Inc), Incentive Stock Option Agreement (Data Translation Ii Inc)

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully may be exercised, to the extent exercisable and may thereafter be exercised at the date of death, by the Optionee's legal representative or legatee for a period of 12 months one (1) year from the date of death or until the Expiration Date, if earlier.. 22

Appears in 2 contracts

Samples: Executive Employment Agreement (Trident International Inc), Executive Employment Agreement (Trident International Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of the Optionee’s death, any portion of this Share Option held by outstanding on such date, to the Optionee shall become fully extent exercisable and on the date of death, may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Share Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

Appears in 2 contracts

Samples: Non Qualified Share Option Agreement (Mimecast LTD), Incentive Share Option Agreement (Orchard Therapeutics PLC)

Termination Due to Death. If the Optionee's employment terminates ------------------------ by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Merkert American Corp), Non Qualified Stock Option Agreement (Monroe Inc)

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's legal representative or legatee for a period of 12 twelve (12) months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Moldflow Corp), Non Qualified Stock Option Agreement (Wyndham International Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 twelve months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Inverness Medical Innovations Inc), Non Qualified Stock Option Agreement (Inverness Medical Innovations Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of death, any Option held by this Option, to the Optionee shall become fully extent exercisable and on the date of Optionee’s death may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 six months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

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

Termination Due to Death. If the Optionee's ’s employment terminates by reason of the Optionee’s death, any this Option held by may be exercised, to the Optionee shall become fully extent exercisable and may thereafter be exercised on the date of death, by the Optionee's ’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Datedate the Option expires, if earlier.

Appears in 2 contracts

Samples: Option Agreement (Geno LLC), Option Agreement (Geno LLC)

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully may be exercised, to the extent exercisable and may thereafter be exercised at the date of death, by the Optionee's legal representative or legatee for a period of 12 months one (1) year from the date of death or until the Expiration Date, if earlier.. 17

Appears in 2 contracts

Samples: Executive Employment Agreement (Trident International Inc), Executive Employment Agreement (Trident International Inc)

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Termination Due to Death. If the Optionee's employment terminates ------------------------ by reason of death, any vested portion of this Option held by the Optionee at such time of termination shall become fully exercisable and may thereafter be exercised by the Optionee's legal representative or legatee for a period of 12 three (3) months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Voyager Net Inc)

Termination Due to Death. If the Optionee's employment terminates by reason of death, any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's legal representative or legatee for a period of 12 twelve months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Zwanziger Ron)

Termination Due to Death. If the Optionee's ’s employment (or other business relationship) terminates by reason of death, any this Option held by shall be automatically vested on the Optionee date of termination and shall become fully be exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee (i) for a period of 12 twelve (12) months from the date of death termination or (ii) until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Stock Option Agreement (Avalonbay Communities Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of the Optionee’s death, any portion of this Option held by outstanding on such date, to the Optionee shall become fully extent exercisable and on the date of death, may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 6 months from the date of death or until the Expiration Date, if earlier. Any portion of this Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Citrix Systems Inc)

Termination Due to Death. If the Optionee's ’s employment (or other business relationship) terminates by reason of death, any Option held by the Optionee shall become fully be automatically vested on the date of termination and shall be exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee (i) for a period of 12 twelve (12) months from the date of death termination or until the fifth anniversary of the grant date of this option award, if later, or (ii) until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Stock Option Agreement (Avalonbay Communities Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of the Optionee’s death, any portion of this Premium Option held by the Optionee outstanding on such date shall become fully exercisable immediately vest if not already vested and all such Premium Options (whether or not vested at death) may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Premium Non Qualified Stock Option Agreement (Ponce Financial Group, Inc.)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of the Optionee’s death, any this Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Datedate the Option expires, if earlier.

Appears in 1 contract

Samples: Option Agreement (Geno LLC)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of death, any this Option held by may be exercised, to the Optionee shall become fully extent exercisable and may thereafter be exercised at the date of death, by the Optionee's ’s legal representative or legatee for a period of 12 months one hundred eighty (180) days from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Employment Agreement (Strategic Diagnostics Inc/De/)

Termination Due to Death. If the Optionee's ’s employment or participation terminates by reason of death, any Option held by the Optionee shall become fully may be exercised, to the extent exercisable and may thereafter be exercised on the date of termination, by the Optionee's ’s legal representative or legatee for a period of 12 six months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Credence Systems Corp)

Termination Due to Death. If the Optionee's employment terminates by ------------------------ reason of death, any the Option held by the Optionee shall vest and become fully exercisable and may thereafter be exercised by the as set forth in Section 2(b). The Optionee's legal representative or legatee for a period of 12 months from may exercise the date of death or Option to the extent exercisable in accordance with this Section 3(a) until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Executive Employment Agreement (Wyndham International Inc)

Termination Due to Death. If the Optionee's ’s employment terminates by reason of deaththe Optionee’s death or the Optionee dies within one (1) month of the termination of the Optionee’s employment, any portion of this Share Option held by the Optionee outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee's ’s legal representative or legatee for a period of 12 twelve (12) months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Incentive Share Option Agreement (Iona Technologies PLC)

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