Common use of Death or Termination of Employment Clause in Contracts

Death or Termination of Employment. In the event of the death of Optionee while any options granted hereunder are outstanding, such options may be exercised by the person or persons to whom Optionee's rights under the options are passed by will or the laws of descent and distribution (including his estate during the period of administration) at any time prior to the earlier of (i) the expiration date of the options as provided in this Agreement, or (ii) the expiration of one (1) year after the date of Optionee's death (or such longer period, not exceeding one (1) additional year, as the Board of Directors of the Company may approve), to the extent of the options granted hereunder (whether or not the required period of employment after the date of this Agreement has been completed prior to the death or date of exercise of the option). In the event the employment by the Company of Optionee shall terminate for any reason other than by death under the circumstances set forth in subparagraph (a) above, the unexercised portion of such options may be exercised by Optionee at any time prior to the earlier of (i) the expiration of the options as provided in this Agreement, or (ii) the expiration of ninety (90) days after the date of such employment termination, to the extent Optionee is entitled to exercise such options at the date of such termination. 8.

Death or Termination of Employment. a. In the event of the death of Optionee while any options the option granted hereunder are is outstanding, such options option may be exercised by the person or persons to whom Optionee's rights under the options option are passed by will or the laws of descent and distribution (including his estate during the period of administration) at any time prior to the earlier of (i) the expiration date of the options as provided in this Agreementoption, or (ii) the expiration of one (1) year after the date of Optionee's death (or such longer period, not exceeding one (1) additional year, as the Board of Directors of the Company or Administrative Committee may approve), to the extent of the options option granted hereunder (whether or not the required period of employment after the date of this Agreement has been completed prior to the death or date of exercise of the option). In the event the employment by the Company of Optionee shall terminate for any reason other than by death under the circumstances set forth in subparagraph (a) above, the vested but unexercised portion of such options option may be exercised by Optionee at any time prior to the earlier of (i) the expiration of the options as provided in this Agreementoption, or (ii) the expiration of ninety (90) days after the date of such employment termination, to the extent Optionee is entitled to exercise such options option at the date of such termination. 8.

Death or Termination of Employment. a. In the event of the death of Optionee while any options granted hereunder are outstanding, such options may be exercised by the person or persons to whom Optionee's rights under the options are passed by will or the laws of descent and distribution (including his estate during the period of administration) at any time prior to the earlier of (i) the expiration date of the options as provided in this Agreement, or (ii) the expiration of one (1) year after the date of Optionee's death (or such longer period, not exceeding one (1) additional year, as the Board of Directors of the Company may approve), to the extent of the options granted hereunder (whether or not the required period of employment after the date of this Agreement has been completed prior to the death or date of exercise of the option). In the event the employment by the Company of Optionee shall terminate for any reason other than by death under the circumstances set forth in subparagraph (a) above, the unexercised portion of such options may be exercised by Optionee at any time prior to the earlier of (i) the expiration of the options as provided in this Agreement, or (ii) the expiration of ninety (90) days after the date of such employment termination, to the extent Optionee is entitled to exercise such options at the date of such termination. 8.