Death of Participant. Notwithstanding Section 5.4.1, if a Participant who is an Employee dies prior to the expiration of his or her Options, his or her Options shall be exercisable until the expiration of three (3) years after the date of death. If a Participant who is a Consultant dies prior to the expiration of his or her Options, the Committee, in its discretion, may provide that his or her Options shall be exercisable for up to three (3) years after the date of death.
Appears in 7 contracts
Samples: Omnibus Stock Plan (Varian Medical Systems Inc), Omnibus Stock Plan (Varian Semiconductor Equipment Associates Inc), Award Agreement (Varian Semiconductor Equipment Associates Inc)
Death of Participant. Notwithstanding Subject to Section 10.13, notwithstanding Section 5.4.1, if a Participant who is an Employee dies prior to the expiration of his or her Options, his or her Options shall be exercisable until the expiration of three (3) years after the date of death. If a Participant who is a Consultant dies prior to the expiration of his or her Options, the Committee, in its discretion, may provide that his or her Options shall be exercisable for up to three (3) years after the date of death.
Appears in 4 contracts
Samples: Varian Medical Systems Inc, Varex Imaging Corp, Varian Medical Systems Inc
