Common use of Death of Grantee Clause in Contracts

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's legal representative or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 43 contracts

Samples: Stock Option Agreement, Stock Option Agreement Stock Option Agreement, Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

AutoNDA by SimpleDocs

Death of Grantee. If the Grantee shall die during the term of while this OptionOption remains exercisable, the Grantee's legal representative or representatives, representatives or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, laws shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof might have been exercised on the date of his the Grantee's death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is soonerearlier. In all other respects, this Option shall terminate upon such death.

Appears in 12 contracts

Samples: Stock Option Agreement (GreenStart, Inc.), Executive Stock Option Agreement (Cambridge Energy Corp), Executive Stock Option Agreement (Nutek Oil Inc.)

Death of Grantee. If the Grantee shall die during the term of while this OptionOption remains exercisable, the Grantee's legal representative or representatives, representatives or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, laws shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof might have been exercised on the date of his the Grantee's death, and such right shall expire and this Option shall terminate one (1) year five years after the date of the Grantee's death or on the expiration date of this Option, whichever date is soonerearlier. In all other respects, this Option shall terminate upon such death.

Appears in 8 contracts

Samples: Stock Option Agreement (Envirokare Tech Inc), Stock Option Agreement (Envirokare Tech Inc), Stock Option Agreement (Envirokare Tech Inc)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his her death, and such right shall expire and this Option shall terminate one (1) year 15 months after the date of the Grantee's ’s death or on the expiration date Expiration Date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 5 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's ’s death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 3 contracts

Samples: Directors Stock Option Agreement (American Access Technologies Inc), Stock Option Agreement (Lucid Inc), Employee Stock Option Agreement (American Access Technologies Inc)

Death of Grantee. If the Grantee is an individual and shall die during the term of while this OptionOption remains exercisable, the Grantee's legal representative or representatives, representatives or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, laws shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof might have been exercised on the date of his the Grantee's death, and such right shall expire and this Option shall terminate one (1) year five years after the date of the Grantee's death or on the expiration date of this Option, whichever date is soonerearlier. In all other respects, this Option shall terminate upon such death.

Appears in 3 contracts

Samples: Stock Option Agreement (New Global Energy, Inc.), Stock Option Agreement (New Global Energy, Inc.), Stock Option Agreement (New Global Energy, Inc.)

Death of Grantee. If the Grantee shall die during the term of while this OptionOption remains exercisable, the Grantee's legal representative or representatives, representatives or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, laws shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is soonerearlier. In all other respects, this Option shall terminate upon such death.

Appears in 3 contracts

Samples: Big Buck Brewery & Steakhouse Inc, Big Buck Brewery & Steakhouse Inc, Big Buck Brewery & Steakhouse Inc

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year three years after the date of the Grantee's ’s death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 2 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his her death, and such right shall expire and this Option shall terminate one (1) year three years after the date of the Grantee's ’s death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 2 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year 15 months after the date of the Grantee's ’s death or on the expiration date Expiration Date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 2 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's legal representative or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate lawslaw, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such deathtermination of employment.

Appears in 2 contracts

Samples: Employment Agreement (Spacedev Inc), Employment Agreement (Spacedev Inc)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his the Grantee’s death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's ’s death or on the expiration date Expiration Date of this Option, whichever date is sooner. In all other respects, the right to exercise this Option shall terminate upon such death.

Appears in 1 contract

Samples: Employee Stock Option Award Agreement (American Electric Technologies Inc)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year three years after the date of the Grantee's ’s death or on the expiration date of this OptionExpiration Date, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Stock Option Agreement (Imaging Diagnostic Systems Inc /Fl/)

AutoNDA by SimpleDocs

Death of Grantee. If the Grantee shall die during the term of while this OptionOption remains exercisable, the Grantee's legal representative or representatives, representatives or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, state laws shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof might have been exercised on the date of his the Grantee's death, and such right shall expire and this Option shall terminate one (1) year five years after the date of the Grantee's death or on the expiration date of this Option, whichever date is soonerearlier. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Stock Option Agreement (Envirokare Tech Inc)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's legal representative or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one three (13) year years after the date of the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Death of Grantee. If the Grantee shall die during the term dies while any portion of this OptionOption is exercisable by Grantee, the Grantee's ’s legal representative or representativesrepresentative, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate lawslaw, shall have the right to exercise this the Option, but only for the number of shares as to which the Grantee was entitled to exercise this the Option in accordance with Section 2 hereof on as of the date of his Grantee’s death, and such right shall expire and this the Option shall terminate one on the earlier to occur of (1i) year after the expiration of 18 months from the date of Grantee’s death and (ii) the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such deathExpiration Date.

Appears in 1 contract

Samples: Employee Director Stock Option Agreement (K Swiss Inc)

Death of Grantee. If the Grantee shall die during the term of while this OptionOption remains exercisable, the Grantee's ’s legal representative or representatives, representatives or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, laws shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof might have been exercised on the date of his the Grantee’s death, and such right shall expire and this Option shall terminate one (1) year five years after the date of the Grantee's ’s death or on the expiration date of this Option, whichever date is soonerearlier. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Standstill Agreement (Pappas Steve)

Death of Grantee. If Unless otherwise provided in an employment agreement with the Company or one of its subsidiaries, if the Grantee shall die during the term of this Option, the Grantee's ’s legal representative or representatives, or the person or persons entitled to do so under the Grantee's ’s last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's ’s death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Employee Incentive Stock Option Agreement (Metalico Inc)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's legal representative or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Stock Option Agreement (State Street Boston Corp)

Death of Grantee. If the Grantee shall die during the term of this Option, the Grantee's legal representative or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable intestate interstate laws, shall have the right to exercise this Option, but only for the number of shares as to which the Grantee was entitled to exercise this Option in accordance with Section 2 hereof on the date of his death, and such right shall expire and this Option shall terminate one (1) year after the date of the Grantee's death or on the expiration date of this Option, whichever date is sooner. In all other respects, this Option shall terminate upon such death.

Appears in 1 contract

Samples: Stock Option Agreement (Stan Lee Media Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.