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

Termination of Employment Due to Death or Disability. If the Optionee’s employment terminates by reason of such Optionee’s death or disability (as defined in Section 422(c) of the Code), this Stock Option may be exercised, to the extent exercisable on the date of such termination, by the Optionee or by the Optionee’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 8 contracts

Samples: Incentive Stock Option Agreement (Spotify Technology S.A.), Non Qualified Stock Option Agreement (Quanterix Corp), Incentive Stock Option Agreement (Quanterix Corp)

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