Common use of Termination of Affiliation Due to Death or Disability Clause in Contracts

Termination of Affiliation Due to Death or Disability. If the Grantee’s Termination of Affiliation occurs by reason of such Grantee’s death or Disability, this Option may be exercised, to the extent exercisable on the date of such termination, by the Grantee or by the Grantee’s legal representative or legatee for a period of twelve (12) months from the date of such termination or until the Expiration Date, if earlier.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Repro Med Systems Inc), Incentive Stock Option Agreement (ElectroCore, LLC), Nonqualified Stock Option Agreement (ElectroCore, LLC)

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Termination of Affiliation Due to Death or Disability. If the Grantee’s Termination of Affiliation occurs by reason of such GranteeXxxxxxx’s death or Disability, this Option may be exercised, to the extent exercisable on the date of such termination, by the Grantee or by the Grantee’s legal representative or legatee for a period of twelve (12) months from the date of such termination or until the Expiration Date, if earlier.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (electroCore, Inc.), Directors Annual Stock Option Agreement (ElectroCore, LLC), Directors Inaugural Stock Option Agreement (ElectroCore, LLC)

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Termination of Affiliation Due to Death or Disability. If the Grantee’s Termination of Affiliation occurs by reason of such Grantee’s death or Disability, this Option may be exercised, to the extent vested and exercisable on the date of such termination, by the Grantee or by the Grantee’s legal representative or legatee for a period of twelve (12) months from the date of such termination or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Plan Stock Option Grant Agreement (Clever Leaves Holdings Inc.), Incentive Stock Option Agreement (Detwiler Kyle)

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