Death After Service. In the event the Option Holder dies after his or her Termination of Service at a time when all or a portion of the Option remains exercisable, the estate or other legal representative of the Option Holder shall be entitled to exercise the portion of the Option that remains exercisable during the period the Option Holder would have been eligible to exercise the Option had the Option Holder not died.
Appears in 6 contracts
Samples: Security Capital Assurance LTD Stock Option Agreement (Security Capital Assurance LTD), Stock Option Agreement (Validus Holdings LTD), Stock Option Agreement (Validus Holdings LTD)
