Common use of Death or Permanent Disability Clause in Contracts

Death or Permanent Disability. If Grantee shall die or become permanently disabled while employed by the Company or one of its affiliates, this Option shall expire one (1) year after the date of such death or permanent disability. During such period after death, Grantee's legal representative or representatives, or the person or persons entitled to do so under Grantee's last will and testament or under applicable interstate laws, shall have the right to exercise this Option as to only the number of shares to which Grantee was entitled to purchase on the date of his/her death.

Appears in 21 contracts

Samples: Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/)

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Death or Permanent Disability. If Grantee shall die or become permanently disabled while employed by the Company or one of its affiliates, this Option shall expire one (1) year after the date of such death or permanent disability. During such period after death, Grantee's legal representative or representatives, or the person or persons entitled to do so under Grantee's last will and testament or under applicable interstate laws, shall have the right to exercise this Option as to only the number of shares to which Grantee was entitled to purchase on the date of his/her death.permanent

Appears in 15 contracts

Samples: Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/), Stock Option Agreement (Pollution Research & Control Corp /Ca/)

Death or Permanent Disability. If the Grantee shall die or ----------------------------- become permanently disabled while employed by the Company or one of its affiliates, this Option shall expire one (1) year after the date of such death or permanent disability. During such period after death, the Grantee's legal representative representation or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable interstate intestate laws, shall have the right to exercise this Option as to only the number of shares to which the Grantee was entitled to purchase on the date of his/her his death.

Appears in 5 contracts

Samples: Shopping Com, Shopping Com, Shopping Com

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Death or Permanent Disability. If the Grantee shall die or ----------------------------- become permanently disabled while employed by the Company or one of its affiliatesdisabled, this Option shall expire one (1) year after the date of such death or permanent disability. During such period after death, the Grantee's legal representative representation or representatives, or the person or persons entitled to do so under the Grantee's last will and testament or under applicable interstate intestate laws, shall have the right to exercise this Option as to only the number of shares to which the Grantee was entitled to purchase on the date of his/her his death.

Appears in 2 contracts

Samples: Shopping Com, Shopping Com

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