Common use of Termination of Employment by Death Clause in Contracts

Termination of Employment by Death. If, without having fully exercised this Option, Optionee's employment with the Company is terminated by reason of death, any outstanding Options granted to Optionee that are not exercisable at the date of termination shall become fully exercisable, except for Options granted within six (6) months prior to the date of death, which Options shall become fully exercisable on the next business day after the sixth month anniversary of the Date of Grant. Optionee's beneficiary (or such persons that have acquired Optionee's rights under the Option by will or by the laws of descent and distribution) shall have the same right to exercise this Option as Optionee had during his or her lifetime, for a period ending on the Date of Expiration set forth above.

Termination of Employment by Death. If, without having fully exercised this Option, Optionee's employment with the Company is terminated by reason of death, any outstanding Options granted to Optionee Participant that are not exercisable at the date of termination shall become fully exercisable, except for Options granted within six (6) months prior to the date of death, which Options shall not become fully exercisable on until the next business day after the sixth month anniversary of the Date of Grant. Optionee's beneficiary (or such persons that have acquired Optionee's rights under the Option by will or by the laws of descent and distribution) shall have the same right to exercise this Option as Optionee had during his or her lifetime, for a period ending on the Date of Expiration set forth above.

Termination of Employment by Death. If, without having fully exercised this Option, Optionee's Optionee s employment with the Company is terminated by reason of death, any outstanding Options granted to Optionee Participant that are not exercisable at the date of termination shall become fully exercisable, except for Options granted within six (6) months prior to the date of death, which Options shall not become fully exercisable on until the next business day after the sixth month anniversary of the Date of Grant. Optionee's Optionee s beneficiary (or such persons that have acquired Optionee's Optionee s rights under the Option by will or by the laws of descent and distribution) shall have the same right to exercise this Option as Optionee had during his or her lifetime, for a period ending on the Date of Expiration set forth above.