Common use of Death After Termination of Employment Clause in Contracts

Death After Termination of Employment. If Optionee shall die following a termination of employment, this Executive Stock Option may be exercised, by the person or persons to whom Optionee's rights under this Executive Stock Option shall pass by will or by applicable law, or if no such person has such right, by Optionee's executors or administrators, to the extent and during the period that Optionee was entitled to do so.

Death After Termination of Employment. If Optionee shall die following a termination of employment, this Executive Incentive Stock Option may be exercised, by the person or persons to whom Optionee's rights under this Executive Incentive Stock Option shall pass by will or by applicable law, or if no such person has such right, by Optionee's executors or administrators, to the extent and during the period that Optionee was entitled to do so.