Common use of Option Rights Upon Death, Disability, Resignation Clause in Contracts

Option Rights Upon Death, Disability, Resignation. If a Holder dies or becomes disabled while employed by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"), or resigns from employment with the ACTV Group prior to his complete exercise of the Option, the Holder (or his heirs) may exercise his Option at any time during the option period, to the extent that the Holder was entitled to exercise the Option at the date such event, and the Class B Stock underlying the Option shall convert into Class A Stock on the second anniversary of the occurrence of such death, disability or resignation.

Option Rights Upon Death, Disability, Resignation. If a Holder dies or becomes disabled while employed by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"), or resigns from employment with the ACTV Group prior to his complete exercise of the Option, the Holder (or his heirs) may exercise his Option at any time during within one year after the option perioddate of such death, disability or resignation, to the extent that the Holder was entitled to exercise the Option at the date such event, and the Class B Stock underlying the Option shall convert into Class A Stock on the second anniversary of the occurrence of such death, disability or resignation.

Option Rights Upon Death, Disability, Resignation. If a Holder dies or becomes disabled while employed by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"), or resigns from employment with the ACTV Group prior to his complete exercise of the Option, the Holder (or his heirs) may exercise his Option at any time during the option period, to the extent that the Holder was entitled to exercise the Option at the date such event, and the Class B Stock underlying the Option shall convert into Class A Stock on the second anniversary of the occurrence of such death, disability or resignation.

Option Rights Upon Death, Disability, Resignation. If a Holder dies or becomes disabled while employed by the ACTV Group, by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"), or resigns from employment with the ACTV Group prior to his complete exercise of the Option, the Holder (or his heirs) may exercise his Option at any time during the option period, to the extent that the Holder was entitled to exercise the Option at the date such event, and the Class B Stock underlying the Option shall convert into Class A Stock on the second anniversary of the occurrence of such death, disability or resignation.

Option Rights Upon Death, Disability, Resignation. If a Holder holder dies or becomes disabled while employed by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"), or resigns from employment with the ACTV Group prior to his complete exercise of the Option, the Holder (or his heirs) may exercise his Option at any time during the option period, to the extent that the Holder was entitled to exercise the Option at the date such event, and the Class B Stock underlying the Option shall convert into Class A Stock on the second anniversary of the occurrence of such death, disability or resignation.