Common use of Employment Termination Due to Death Clause in Contracts

Employment Termination Due to Death. If the Grantee’s employment with the Company or any of its affiliates terminates as a result of the Grantee’s death, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 3 contracts

Samples: Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners), Stock Option Grant Agreement (Universal City Travel Partners)

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Employment Termination Due to Death. If the Grantee’s 's employment with the Company or any of its affiliates terminates as a result of the Grantee’s 's death, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Grant Agreement (General Electric Co), General Electric Co

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Employment Termination Due to Death. If the Grantee’s employment service with the Company or any of its affiliates terminates as a result of the Grantee’s death, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Universal City Travel Partners)

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