Common use of Death of Optionee Clause in Contracts

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 7 contracts

Samples: Stock Option Agreement (Spectrx Inc), Plan Stock Option Agreement (Finisar Corp), Restricted Stock Purchase Agreement (HNC Software Inc/De)

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Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 7 contracts

Samples: Communication Intelligence Corporation (Communication Intelligence Corp), Communication Intelligence Corporation (Communication Intelligence Corp), Communication Intelligence Corporation (Communication Intelligence Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant employment with the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 Paragraph I. below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 6 contracts

Samples: Option Agreement (Autobytel Inc), Option Agreement (Autobytel Inc), Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Option Agreement (Genesys Telecommunications Laboratories Inc), Agreement and Plan of Reorganization (Usweb Corp), Option Plan Option Agreement (Loislaw Com Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 180 days following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Long Term Incentive Plan (Flanders Corp), Long Term Incentive Plan (Flanders Corp), Long Term Incentive Plan (Flanders Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee during the term of this Option, the Option may be exercised exercised, at any time within twelve one (121) months year following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 11 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could was entitled to exercise the Option at the date of death.

Appears in 4 contracts

Samples: Arcadia Financial (Arcadia Financial LTD), Non Statutory Stock Option Agreement (Olympic Financial LTD), Non Statutory Stock Option Agreement (Arcadia Financial LTD)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the The Option may be exercised at any time within twelve (12) months following after the date of Optionee's death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 11 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Corporation Stock Option Agreement (Spectrian Corp /Ca/), Stock Option Agreement (Spectrian Corp /Ca/), Corporation Stock Option Agreement (Spectrian Corp /Ca/)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Skystream Networks Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee while Optionee is an employee of the Company or its affiliates, the Option may be exercised exercised, at any time within twelve (12) 12 months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below)death, by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at was vested as of the date of death; provided that in no event is the date of exercise beyond expiration of the Option.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Regency Bancorp), Incentive Stock Option Agreement (Regency Bancorp), Incentive Stock Option Agreement (Regency Bancorp)

Death of Optionee. In the event of termination of Optionee's Continuous Status continuous status as an Employee or Consultant employee of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or estate, by a person who acquired the right to exercise the Option by bequest or inheritance, or by Optionee's legal representative on behalf of Optionee, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 3 contracts

Samples: Employee Stock Option Agreement (Auspex Systems Inc), Employee Stock Option Agreement (Auspex Systems Inc), Employee Stock Option Agreement (Auspex Systems Inc)

Death of Optionee. In the event of termination of Optionee's ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 3 contracts

Samples: Stock Option Agreement (Peregrine Semiconductor Corp), Stock Option Agreement (Omnivision Technologies Inc), Stock Option Agreement (Cisco Systems Inc)

Death of Optionee. In Notwithstanding the provisions of Section 7 above, in the event of termination of Optionee's Continuous Status service as an Employee or Consultant a director of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below)death, by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise have exercised the Option at the date of death.

Appears in 3 contracts

Samples: Option Agreement (Travelscape Com Inc), Option Agreement (Travelscape Com Inc), Option Agreement (Travelscape Com Inc)

Death of Optionee. In the event of termination of Optionee's Continuous ----------------- Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 k. below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 2 contracts

Samples: Joint Escrow Instructions (Crossworlds Software Inc), Joint Escrow Instructions (Crossworlds Software Inc)

Death of Optionee. In the event of termination the death of Optionee's Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 2 contracts

Samples: Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.), Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.)

Death of Optionee. In the event of termination the death of Optionee's Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) six months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 2 contracts

Samples: 2010 Incentive Plan (SMTC Corp), 2010 Incentive Plan (SMTC Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time may, but only within twelve (12) months following the date of death (but and in no event later than the date of expiration of the term of this Option as set forth in Section 10 belowthe Option Agreement), be exercised by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option was vested at the date of death.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Broadcom Corp)

Death of Optionee. In the event of termination the death of Optionee's Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could was entitled to exercise the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Isilon Systems, Inc.

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s employment with the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 Paragraph J below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Synplicity Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status status ----------------- as an Employee or Consultant a Director as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Four Media Co)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee during the term of this Option and while an Employee of the Company and having been in Continuous Service Status since the date of grant of the Option, the Option may be exercised at any time within twelve (12) six months following the date of death (but in no event later than the date of expiration of the term of this Option Expiration Date as set forth in Section 10 below), the Notice) by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Substitute Stock Option Agreement (Pandora Media, Inc.)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised exercised, at any time within twelve (12) six months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below)death, by Optionee's estate estate, spouse or by a person who acquired the right to exercise the Option by bequest or inheritance, inheritance but only to the extent of the right to exercise that has accrued at the date of death of the Optionee. To the extent that an Optionee could was not entitled to exercise the Option at the date of his death, or if the Optionee's estate or legatee does not exercise the Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (American Multiplexer Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status continuous status as an Employee employee or Consultant director of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or estate, by a person who acquired the right to exercise the Option by bequest or inheritance, or by Optionee's legal representative on behalf of Optionee, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Auspex Systems Inc

Death of Optionee. In the event of termination of Optionee's Continuous ----------------- Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 11 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Seagate Software Information Management Group Holdings Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee employment or Consultant service with the Company or any subsidiary thereof as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 Paragraph I. below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Form of Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ----------------- employment with the Company as a result of the death of Optionee, the this Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term Term/Expiration Date of this Option as set forth in Section 10 belowthe Notice of Grant), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Xoom Inc)

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Death of Optionee. In the event of termination of Optionee's Continuous Status ----------------- continuous status as an Employee or Consultant employee as a result of the death of Optionee's death, the Option may only be exercised at any time within twelve six (126) months following the date of death (but in no event later than by the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Prosofttraining Com)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant employment ----------------- with the Company as a result of the death of Optionee, the this Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term Term/Expiration Date of this Option as set forth in Section 10 belowthe Notice of Grant), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Xoom Inc)

Death of Optionee. In the event of termination the death of Optionee's Continuous Status as the Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after the Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) six months following the date of death (but in no event later than by the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could was entitled to exercise the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Cancer Genetics, Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee (a) during the term of this Option and while an Employee of the Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Stock Option Agreement (Synageva Biopharma Corp)

Death of Optionee. In Notwithstanding the provisions of Paragraph E above, in the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s employment with the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 Paragraph I below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 9 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Amendment Agreement (Earthshell Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised exercised, (i) if Optionee is an Employee, at any time within twelve (12) months following the date of death death, or (ii) if Optionee is a Consultant, at any time following the date of death, or within such other period of time as determined by the Administrator (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, Legal Representative but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Wealthhound Com Inc

Death of Optionee. In the event of termination of Optionee's ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Omnivision Technologies Inc)

Death of Optionee. In the event of termination the death of Optionee's Continuous Status as Optionee while Optionee is an Employee or Consultant as a result of Director or during the death of Optioneeperiod referred to in Section 5 above, the Option may option my be exercised exercised, at any time within twelve (12) months following the date of death (but in no event later than or such longer period as the date of expiration of the term of this Option as set forth in Section 10 belowcommittee determines), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at was vested as of the date of death; provided that in no event is the date of exercise beyond expiration of the option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (SJNB Financial Corp)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeOptionee while Optionee is an Outside Director, the Option may be exercised exercised, at any time within twelve (12) 12 months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise that the Option at was vested as of the date of death; provided that in no event is the date of exercise beyond expiration of the Option. To the extent that this Option is not exercised within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Mid Peninsula Bancorp

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 9 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Plan (Virologic Inc)

Death of Optionee. In the event of termination of Optionee's Continuous ----------------- Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Nassda Corp

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant employment with the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of the Option) with respect to all shares subject to this Option as set forth in Section 10 below)Agreement whether vested or unvested, by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Option Agreement (Silicon Laboratories Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 J below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Applied Micro Circuits Corp

Death of Optionee. In the event of termination of Optionee's Continuous Status -------------------- continuous status as an Employee employee or Consultant Officer or Director of the Company or its subsidiaries as a result of the death of Optionee's death, the Option may only be exercised at any time within twelve six (126) months following the earlier of the date of death (but in no event later than or the date of expiration of the term of this Option as set forth in Section 10 below), Company's economical feasibility is confirmed by the Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Sangui Biotech International Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 belowthe Notice of Grant), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Seagate Software Information Management Group Holdings Inc)

Death of Optionee. In the event of termination death of Optionee's Continuous Status as an Employee or Consultant Optionee during the term of this Option and while a consultant of the Company and having been in continuous status as a result consultant since the date of grant of the death of OptioneeOption, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below3.5), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the Optionee could right to exercise the Option that had accrued at the date of death.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Star Telecommunications Inc)

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