Common use of Termination of Service – Death or Disability Clause in Contracts

Termination of Service – Death or Disability. If your Service terminates because of your death or Disability, then your Option will expire at the close of business at Company headquarters on the date that is twelve (12) months after your Termination Date. If your Service terminates because of your death, then your estate or heirs may exercise the vested portion of your Option during this twelve (12) month period.

Appears in 8 contracts

Samples: Nonstatutory Stock Option Agreement (NTN Buzztime Inc), Incentive Stock Option Agreement (NTN Buzztime Inc), Nonstatutory Stock Option Agreement (NTN Buzztime Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!