Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.
Appears in 10 contracts
Samples: Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Winstar Communications Inc)
Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately expire.
Appears in 7 contracts
Samples: Stock Option Agreement (Shochet Holding Corp), Stock Option Agreement (Prime Cellular Inc), Stock Option Agreement (Worlds Inc)
Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one (1) year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately expire upon death.
Appears in 5 contracts
Samples: Stock Option Agreement (Individual Investor Group Inc), Stock Option Agreement (Individual Investor Group Inc), Stock Option Agreement (Individual Investor Group Inc)
Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year six months from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.
Appears in 4 contracts
Samples: Stock Option Agreement (Pre Cell Solutions Inc/), Stock Option Agreement (Pre Cell Solutions Inc/), Stock Option Agreement (Pre Cell Solutions Inc/)
Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately terminate upon death.
Appears in 3 contracts
Samples: Stock Option Agreement (Individual Investor Group Inc), Stock Option Agreement (Individual Investor Group Inc), Incentive Stock Option Agreement (Individual Investor Group Inc)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or Employee until the expiration of the Exercise Period. The portion of the Option, whichever period is shorterif any, that was not exercisable as of the date of death shall immediately expire upon death.
Appears in 3 contracts
Samples: Stock Option Agreement (WisdomTree Investments, Inc.), Stock Option Agreement (WisdomTree Investments, Inc.), Stock Option Agreement (WisdomTree Investments, Inc.)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, Employee for a period of one (1) year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Movie Star Inc /Ny/), Non Qualified Stock Option Agreement (Movie Star Inc /Ny/)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year six months from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately terminate upon death.
Appears in 2 contracts
Samples: Stock Option Agreement (Mojo Organics, Inc.), Stock Option Agreement (Mojo Organics, Inc.)
Termination Due to Death. If the Employee's ’s employment by with the Company and its Affiliates terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised exercised, to the extent vested, by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (JTH Holding, Inc.)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, Employee for a period of one (1) year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately expire.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Frederick's of Hollywood Group Inc /Ny/)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, Employee for a period of one (1) year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately expire upon death.
Appears in 1 contract
Samples: Stock Option Agreement (WisdomTree Investments, Inc.)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately expire.
Appears in 1 contract
Samples: Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)
Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year 12 months from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.
Appears in 1 contract
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year 12 months from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately terminate upon death.
Appears in 1 contract
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year 12 months from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.
Appears in 1 contract
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately terminate upon death.
Appears in 1 contract
Termination Due to Death. If the Employee's ’s employment by the Company Corporation terminates by reason of death, the Option shall become fully vested and exercisable and may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter.for
Appears in 1 contract
Samples: Incentive Stock Option Agreement (JTH Holding, Inc.)
Termination Due to Death. If Employee's employment by the Company terminates by reason of death, the Option shall become fully vested and portion of the Option, if any, was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately terminate upon death.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Enviro Recovery Inc)
Termination Due to Death. If Employee's ’s employment by the Company terminates by reason of death, the portion of the Option shall become fully vested and that was exercisable and as of the date of death may thereafter be exercised by the legal representative of the estate or by the legatee of the Employee under the will of the Employee, for a period of one year from the date of such death or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of death shall immediately expire.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Frederick's of Hollywood Group Inc /Ny/)
