Exercise in the Event of Death. This Option shall be exercisable in full in the event that Optionee dies while employed by the Company or an Affiliate and prior to the Expiration Date of this Option. In that event, this Option may be exercised by Optionee’s estate, or the person or persons to whom his rights under this Option shall pass by will or the laws of descent and distribution. Optionee’s estate or such persons must exercise this Option, if at all, within one year of the date of Optionee’s death or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the Option.
Appears in 6 contracts
Samples: Stock Option Agreement (Hilb Rogal & Hobbs Co), Stock Option Agreement (Hilb Rogal & Hobbs Co), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/)
Exercise in the Event of Death. This Option option shall be become exercisable in full in the event that Optionee dies while employed by the Company or an Affiliate and prior to the Expiration Date of this Optionoption. In that event, this Option option may be exercised by Optionee’s 's estate, or the person or persons to whom his rights under this Option option shall pass by will or the laws of descent and distribution. Optionee’s 's estate or such persons must exercise this Optionoption, if at all, within one year two years of the date of Optionee’s 's death or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option option be exercised prior to the expiration of six (6) months from the date of the grant of the Optionoption.
Appears in 4 contracts
Samples: Landamerica Financial (Landamerica Financial Group Inc), Qualified Stock Option Agreement (Lawyers Title Corp), Landamerica Financial (Landamerica Financial Group Inc)
Exercise in the Event of Death. This Option shall be become exercisable in full in the event that the Optionee dies while employed by the Company or an Affiliate affiliate and prior to the Expiration Date of this Option. In that event, this Option may be exercised by the Optionee’s 's estate, or the person or persons to whom his rights under this Option shall pass by will or the laws of descent and distribution. The Optionee’s 's estate or such persons must exercise this Option, if at all, within one year two years of the date of The Optionee’s 's death or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the Option.
Appears in 4 contracts
Samples: Landamerica Financial (Landamerica Financial Group Inc), Landamerica Financial (Landamerica Financial Group Inc), Landamerica Financial (Landamerica Financial Group Inc)
Exercise in the Event of Death. This Option shall be exercisable in full in the event that Optionee dies while employed by the Company or an Affiliate and prior to the Expiration Date of this Option. In that event, this Option may be exercised by Optionee’s 's estate, or the person or persons to whom his rights under this Option shall pass by will or the laws of descent and distribution. Optionee’s 's estate or such persons must exercise this Option, if at all, within one year of the date of Optionee’s 's death or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the Option.
Appears in 3 contracts
Samples: Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/)
Exercise in the Event of Death. This Option shall be become exercisable in ------------------------------- full in the event that the Optionee dies while employed by the Company or an Affiliate affiliate and prior to the Expiration Date of this Option. In that event, this Option may be exercised by the Optionee’s 's estate, or the person or persons to whom his rights under this Option shall pass by will or the laws of descent and distribution. The Optionee’s 's estate or such persons must exercise this Option, if at all, within one year two years of the date of The Optionee’s 's death or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the Option.
Appears in 1 contract
Samples: Employee Non Qualified Stock Option Agreement (Landamerica Financial Group Inc)
Exercise in the Event of Death. This Option option shall be become exercisable ------------------------------ in full in the event that Optionee dies while employed by the Company or an Affiliate and prior to the Expiration Date of this Optionoption. In that event, this Option option may be exercised by Optionee’s 's estate, or the person or persons to whom his rights under this Option option shall pass by will or the laws of descent and distribution. Optionee’s 's estate or such persons must exercise this Optionoption, if at all, within one year two (2) years of the date of Optionee’s 's death or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option option be exercised prior to the expiration of six (6) months from the date of the grant of the Optionoption.
Appears in 1 contract
Samples: Open Plan (Open Plan Systems Inc)