Termination of Employment by Reason of Death. If Optionee's -------------------------------------------- employment with the Company and/or any Subsidiary terminates by reason of death, then the Option shall immediately become exercisable in full (notwithstanding Section 2 above), and the Option may thereafter be exercised, in whole or in part, by the legal representative of the estate or by the legatee of Optionee under the will of Optionee, for a period of three (3) years from the date of death or until the expiration of the Option Term, whichever period is the shorter.
Termination of Employment by Reason of Death. If a Termination of Employment occurs by reason of death prior to the vesting in full of the Option, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death. The Option may thereafter be exercised by any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee for a period of one year from the date of death or until the Grant Expiration Date, whichever period is shorter.
Termination of Employment by Reason of Death. If the Employee dies during the Term, this Agreement shall terminate automatically as of the date of his death and the Company shall pay to the Employee’s legal representatives such benefits determined in accordance with any then existing Company-sponsored plans or programs providing benefits at death.
Termination of Employment by Reason of Death. If there is a Termination of Employment by reason of Employee’s death, then in addition to the payment to Employee’s estate of Employee’s accrued but unpaid Base Salary:
Termination of Employment by Reason of Death. If Executive shall die during the Employment Period, this Agreement shall terminate automatically as of the date of death, and Company shall pay to Executive’s legal representative the compensation and benefits under Section 2(d)(2), which would otherwise be payable to Executive up to the end of the month in which death occurs, and, to the extent applicable, any insurance or insurance proceeds, vested death benefits, compensation for accrued vacation or leave time. Should the Executive die during the execution of, or during travel in connection with, his or her duties, then the Company shall pay to the Executive’s legal representative the compensation and benefits under Section 2(c)(2).
Termination of Employment by Reason of Death. If the Executive dies during the term of this Agreement, this Agreement shall terminate automatically as of the date of his death and the Company shall pay to the Executive's spouse, or if there is no spouse to the Executive's estate, the compensation set forth in Section 9.
Termination of Employment by Reason of Death. If a Termination of Employment occurs prior to the vesting in full of the Restricted Share Units by reason of Awardee’s death, then any unvested Restricted Share Units shall vest in full and shall not be forfeited.
Termination of Employment by Reason of Death. If Executive shall die during the Term, this Agreement shall terminate automatically as of the date of death, and Employer shall pay to Executive’s legal representative (i) the compensation and benefits under article 3, which would otherwise be payable to Executive up to the end of the month in which death occurs, and, to the extent applicable, (ii) any insurance or insurance proceeds, vested death benefits, compensation for accrued vacation or leave time, and (iii) any unpaid bonus for the prior fiscal period. In addition, any stock or stock options held by Executive at the time of his death shall be treated in accordance with Employer’s Stock Option Plan. In the event Executive dies while performing his duties hereunder, in addition to any workers’ compensation or similar benefits, Employer shall pay Executive’s estate an amount equal to one (1) year of Executive’s then base salary.
Termination of Employment by Reason of Death. In the event the employment of a Key Employee is terminated by reason of death, any Option that has not been exercised, including any unvested portions, shall become immediately exercisable at any time prior to the expiration date of the Options or within one year after such date of termination of employment, whichever period is shorter, by such person or persons as shall have acquired the Key Employee’s rights under the Option by will or by the laws of descent and distribution. «Name» Nonqualified Stock Option Agreement Dated «Date_of_Award»
Termination of Employment by Reason of Death. If the Executive shall die during the term of this Agreement, this Agreement shall terminate automatically as of the date of his death, and the Corporation shall pay to the Executive's legal representatives the sum of the salary which would otherwise be payable to the Executive up to the end of the month in which his death occurs plus (a) the prorated portion of any bonus payable under Section 3.2, or otherwise approved by the board of directors of the Corporation, for the fiscal year in which termination occurs and not yet paid (determined by multiplying the bonus for the fiscal year in which termination occurs by a fraction, the numerator of which is the number of whole or partial months in such fiscal year during which this Agreement was in effect and the denominator of which is twelve (12), and (b) all other benefits and reimbursable expenses accrued and owing to the Executive with respect to his employment prior to such termination (the amounts provided for in clauses (a) and (b) being the "Accrued Obligations").
