Common use of Death of Grantee Clause in Contracts

Death of Grantee. In the event of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination of Continuous Service as a result of his or her Disability, the person who acquired the right to exercise the Option pursuant to Section 10 may exercise the portion of the Option that was vested at the date of termination within twelve (12) months commencing on the date of death (but in no event later than the Expiration Date). To the extent that the Option was unvested on the date of death, or if the vested portion of the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 8 contracts

Samples: Option Agreement (Alfi, Inc.), Option Agreement (Alfi, Inc.), Option Agreement (Alfi, Inc.)

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Death of Grantee. In the event of the termination of the Grantee’s 's Continuous Service as a result of his or her death, or in the event of the Grantee’s 's death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination 's Termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option pursuant to Section 10 by bequest or inheritance, may exercise the portion of Option, but only to the extent the Grantee could exercise the Option that was vested at the date of termination termination, within twelve (12) months commencing on from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.

Appears in 8 contracts

Samples: Executive Employment Agreement (Bam Entertainment Inc), Executive Employment Agreement (Bam Entertainment Inc), Option Award Agreement (Bam Entertainment Inc)

Death of Grantee. In the event of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination of Continuous Service as a result of his or her Disability, the person who acquired the right to exercise the Option pursuant to Section 10 9 may exercise the portion of the Option that was vested at the date of termination within twelve (12) months commencing on the date of death (but in no event later than the Expiration Date). To the extent that the Option was unvested on the date of death, or if the vested portion of the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (ONCOSEC MEDICAL Inc), Executive Employment Agreement (ONCOSEC MEDICAL Inc)

Death of Grantee. In the event of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s death during the Post-Termination Exercise Period or during the twelve six (126) month period following the Grantee’s termination of Continuous Service as a result of his or her Disability, the Grantee’s estate, or a person who acquired the right to exercise the Option pursuant to Section 10 by bequest or inheritance, may exercise the portion of the Option that was vested at the date of termination termination, within twelve (12) months commencing on from the date of death (but in no event later than the Expiration Date). To the extent that the Option was unvested on the date of death, or if the vested portion of the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Western Alliance Bancorporation), Stock Option Award Agreement (Western Alliance Bancorporation), Stock Option Award Agreement (Western Alliance Bancorporation)

Death of Grantee. In the event of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination of Continuous Service as a result of his or her Disability, the person who acquired the right to exercise the Option pursuant to Section 10 8 may exercise the portion of the Option that was vested at the date of termination within twelve (12) months commencing on the date of death (but in no event later than the Expiration Date). To the extent that the Option was unvested on the date of death, or if the vested portion of the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Executive Employment Agreement (STG Group, Inc.), Executive Employment Agreement (ONCOSEC MEDICAL Inc), Stock Option Award Agreement (STG Group, Inc.)

Death of Grantee. In the event of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination Termination of Continuous Service as a result of his or her Disability, the Grantee’s estate, or a person who acquired the right to exercise the Option pursuant to Section 10 by bequest or inheritance, may exercise the portion of Option, but only to the extent the Grantee could exercise the Option that was vested at the date of termination termination, within twelve (12) months commencing on from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Option Award Agreement (Bam Entertainment Inc)

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Death of Grantee. In the event of the termination of the Grantee’s 's ---------------- Continuous Service as a result of his or her death, or in the event of the Grantee’s 's death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination 's Termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option pursuant to Section 10 by bequest or inheritance, may exercise the portion of Option, but only to the extent the Grantee could exercise the Option that was vested at the date of termination termination, within twelve (12) months commencing on from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Consulting Agreement (Interactive Network Inc /Ca)

Death of Grantee. In the event of the termination of the Grantee’s 's Continuous Service as a result of his or her death, or in the event of the Grantee’s 's death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s 's termination of Continuous Service as a result of his or her Disability, the Grantee's estate, or a person who acquired the right to exercise the Option pursuant to Section 10 by bequest or inheritance, may exercise the portion of the Option that was vested at the date of termination within twelve (12) months commencing on from the date of death (but in no event later than the Expiration Date). To the extent that the Option was unvested on the date of death, or if the vested portion of the Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Award Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)

Death of Grantee. In the event of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination of Continuous Service as a result of his or her Disability, the Grantee’s estate, or a person who acquired the right to exercise the Option pursuant to Section 10 by bequest or inheritance, may exercise the portion of Option, but only to the extent the Grantee could exercise the Option that was vested at the date of termination termination, within twelve (12) months commencing on from the date of death (but in no event later than the Expiration Date). To the extent that the Grantee is not entitled to exercise the Option was unvested on the date of death, or if the vested portion of the Option is not exercised to the extent so entitled within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Award Agreement (Saba Software Inc)

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