Common use of Termination of Employment by Reason of Death Clause in Contracts

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 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.