Common use of Termination Due to Death Clause in Contracts

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s death or (b) the Expiration Date.

Appears in 22 contracts

Samples: Stock Option Agreement (Nelson Daniel D), Stock Option Agreement (Nelson Daniel D), Stock Option Agreement (Nelson Daniel D)

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Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s death or (b) the Expiration Date.

Appears in 5 contracts

Samples: Stock Option Inducement Agreement (Beyond Air, Inc.), Stock Option Inducement Agreement (Beyond Air, Inc.), Stock Option Inducement Agreement (Beyond Air, Inc.)

Termination Due to Death. If the Participant’s 's Continuous Service terminates as a result of the Participant’s 's death, or the Participant dies within a period following termination of the Participant’s 's Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s 's estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s 's death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s 's death or (b) the Expiration Date.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (LIGHTBRIDGE Corp), Non Qualified Stock Option Agreement (Cellceutix CORP)

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the proven right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s death or (b) the Expiration Date.

Appears in 2 contracts

Samples: Share Option Agreement (RoyaLand Co Ltd.), Share Option Agreement (Brera Holdings PLC)

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance inheritance, or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 twelve (12) months following the Participant’s death or (b) the Expiration Date.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Terra Tech Corp.), Non Qualified Stock Option Agreement (Terra Tech Corp.)

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s death death, or (b) the Expiration Date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Us Energy Corp), Option Agreement (Us Energy Corp)

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Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of of: (a) the date that is 12 months following the Participant’s death 's termination of Continuous Service; or (b) the Expiration Date.

Appears in 1 contract

Samples: Non Qualified Share Option Agreement (Wave Life Sciences Ltd.)

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option that is vested and unexercised as of the Participant’s death may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s death or (b) the Expiration Date.

Appears in 1 contract

Samples: Stock Option Inducement Award Agreement (Greenidge Generation Holdings Inc.)

Termination Due to Death. If the Participant’s Continuous Service terminates as a result of the Participant’s death, or the Participant dies within a the period following termination of the Participant’s Continuous Service during which the vested portion of the Option remains exercisable, the vested portion of the Option may be exercised by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by the person designated to exercise the Option upon the Participant’s death, but only within the time period ending on the earlier of (a) the date that is 12 months following the Participant’s death or (b) the Expiration Date.

Appears in 1 contract

Samples: Stock Option Exercise Agreement (Foxo Technologies Inc.)

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