Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Optionee, the Stock Option may be exercised only by the Optionee, or by the Optionee’s guardian or personal or legal representative. If the Optionee’s Termination of Service is due to death prior to the dates specified in Section 4.a. hereof, and the Optionee has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the personal representative of such Optionee’s estate may exercise the exercisable portion of the Stock Option at any time prior to the earliest of the dates specified in Section 4.a. hereof; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and Applicable Laws, rules, and regulations.
Appears in 6 contracts
Samples: Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.), Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.), Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.)
Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the OptioneeParticipant, the Stock Option may be exercised only by the OptioneeParticipant, or by the OptioneeParticipant’s guardian or personal or legal representative. If the OptioneeParticipant’s Termination of Service is due to death prior to the dates specified in Section 4.a. hereof, and the Optionee Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the personal representative of such OptioneeParticipant’s estate may exercise the exercisable portion of the Stock Option at any time prior to the earliest of the dates specified in Section 4.a. hereof; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and Applicable Laws, rules, and regulations.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (InspireMD, Inc.), Nonqualified Stock Option Agreement (InspireMD, Inc.), Nonqualified Stock Option Agreement (InspireMD, Inc.)
Who May Exercise. Subject to the terms and conditions set forth in Sections 2 and 3 and 4 above, during the lifetime of the Optionee, the Stock Option may be exercised only by the Optionee, or by the Optionee’s guardian or personal or legal representative. If the Optionee’s Termination termination of Service service is due to [his or her] death prior to the dates specified in Section 4.a3.a. hereof, and the Optionee has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 2 hereof as of the date of [his or her] death, the personal representative of such Optionee’s estate following persons may exercise the exercisable portion of the Stock Option on behalf of the Optionee at any time prior to the earliest of the dates specified in Section 4.a3.a. hereof; : the personal representative of [his or her] estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Optionee, provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, Agreement and Applicable Lawsapplicable laws, rules, and regulations.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Alliqua, Inc.)