Termination for Death. If the Optionee dies while in the employment of the Company, then the outstanding portion of this Option shall become fully exercisable and Employee’s estate or the person who acquires the Option by will or the laws of descent and distribution or otherwise, may exercise the Option for one year following the date of Optionee’s death. At the end of such period the Option shall immediately terminate.
Appears in 8 contracts
Samples: Non Qualified Stock Option Award Agreement, Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.), Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.)
Termination for Death. If the Optionee dies while in the employment of the Company, then the outstanding portion of this Option shall become fully exercisable and Employee’s 's estate or the person who acquires the Option by will or the laws of descent and distribution or otherwise, may exercise the Option for one year following the date of Optionee’s 's death. At the end of such period the Option shall immediately terminate.
Appears in 2 contracts
Samples: Non Qualified Stock Option Award Agreement, Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.)
