Termination of Service on Account of Death. Upon the Participant’s termination of service on account of death, all of the Participant’s unvested Options shall immediately vest and become exercisable by his legal heirs or nominees. The Options shall remain exercisable for one (1) year from and including the date of the Participant’s death (and shall thereafter terminate).
Appears in 5 contracts
Samples: PLC Stock Option Agreement (Endo International PLC), PLC Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC)
Termination of Service on Account of Death. Upon the Participant’s termination of service with the Company and its Subsidiaries on account of death, all of the Participant’s unvested Options shall immediately vest and become exercisable by his legal heirs or nomineesexercisable. The Options shall remain exercisable for one (1) year from and including the date of the Participant’s death (and shall thereafter terminate).
Appears in 4 contracts
Samples: PLC Stock Option Agreement (Endo International PLC), PLC Stock Option Agreement (Endo International PLC), Stock Option Agreement (Endo International PLC)
Termination of Service on Account of Death. Upon the Participant’s termination of service on account of death, all of the Participant’s unvested Options shall immediately vest and become exercisable by his legal heirs or nomineesexercisable. The Options shall remain exercisable for one (1) year from and including the date of the Participant’s death (and shall thereafter terminate).
Appears in 1 contract
