Eligible Representative definition

Eligible Representative for a Participant shall mean such Participant’s personal representative or such other person as is empowered under the deceased Participant’s will or the then applicable laws of descent and distribution to represent the Participant hereunder.

Eligible Representative for an Optionee shall mean such Optionee’s personal representative or such other person as is empowered under the deceased Optionee’s will or the then applicable laws of descent and distribution to represent the Optionee hereunder.

Eligible Representative for a Participant shall mean such Participant's personal representative or such other person as is empowered under the deceased Participant's will or the then applicable laws of descent and distribution to represent the Participant hereunder.

Examples of Eligible Representative in a sentence

• After the death of the Optionee, any exercisable portion of an Option may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Stock Option Agreement, be exercised by his or her Eligible Representative.

• After the death of the Optionee, any exercisable portion of an Option or SAR may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Award Agreement, be exercised by his or her Eligible Representative.

• During the lifetime of the Optionee, only the Optionee may exercise an Option or SAR (or any portion thereof) granted to him or her; provided, however, that the Optionee’s Eligible Representative may exercise his or her Option or SAR or portion thereof during the period of the Optionee’s Disability.

• Before the settlement of any Award following termination of employment or service, the Administrator may require the Participant (or the Participant’s Eligible Representative, if applicable) to make such representations and provide such documents as the Administrator deems necessary or advisable to effect compliance with Applicable Law and determine whether the provisions of Section 13.1 or Section 13.4 may apply to such Award.

• During the lifetime of the Optionee, only he or she may exercise an Option (or any portion thereof); provided, however, that the Optionee’s Eligible Representative may exercise such Optionee’s Option during the period of his or her disability (as defined in Section 22(e)(3) of the Code) notwithstanding that an Option so exercised may not qualify as an Incentive Stock Option.

More Definitions of Eligible Representative

Eligible Representative means, upon the Optionee’s death, the Optionee’s personal representative or such other person as is empowered under the deceased Optionee’s will or the then applicable laws of descent and distribution to represent the Optionee hereunder.

Eligible Representative for an Optionee shall mean such Optionee's personal representative or such other person as is empowered under the deceased Optionee's will or the then applicable laws of descent and distribution to represent the Optionee hereunder.

Eligible Representative means an individual who is:

Eligible Representative means, upon Employee’s death, Employee’s personal representative or such other person as is empowered under Employee’s will or the then applicable laws of descent and distribution to exercise Employee’s rights hereunder.

Eligible Representative means, upon the Grantee’s death, the Grantee’s personal representative or such other person as is empowered under the deceased Grantee’s will or the then applicable laws of descent and distribution to represent the Grantee hereunder.

Eligible Representative means (in the case of a Full Member or Associate Member being a company) a director or employee of, or consultant to, that company or (in the case of a Full Member or Associate member being a firm) a partner in, employee of, or consultant to, that firm.

Eligible Representative means an Officer’s personal representative or such other person as is empowered under the deceased Officer’s will or the then applicable laws of descent and distribution to represent the Officer hereunder.