Common use of Death While Employed Clause in Contracts

Death While Employed. If Optionee shall die while an employee of the Company or of a Subsidiary, this Executive Stock Option may be fully exercised by the person or persons to whom Optionee's rights under this Executive Stock Option shall pass by will or by applicable law, or if no such person has such right, by Optionee's executors or administrators, at any time, or from time to time, within one year from the date of Optionee's death.

Death While Employed. If Optionee shall die while an employee of the Company or of a Subsidiary, this Executive Incentive Stock Option may be fully exercised by the person or persons to whom Optionee's rights under this Executive Incentive Stock Option shall pass by will or by applicable law, or if no such person has such right, by Optionee's executors Opts or administrators, at any time, or from time to time, within one year from the date of Optionee's death.