Accelerated Vesting and Exercise Period Upon Death or Disability Sample Clauses


Accelerated Vesting and Exercise Period Upon Death or Disability. If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “Cause” as specified in Section 3(e) of this Agreement, one hundred percent (100%) of the unvested portion of the option award granted hereunder shall vest immediately on the date of death or disability of the Participant and this option shall be exercisable, within the period of three years following the date of the death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall not be exercisable after the Final Exercise Date.