Common use of Person Eligible to Exercise Clause in Contracts

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 18 contracts

Samples: Form of Stock Option Agreement (Visant Corp), Stock Option Agreement (Panamsat Corp /New/), Form of Stock Option Agreement (Nielsen CO B.V.)

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Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s 's Agreement, during the lifetime of the Optionee, only he may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.

Appears in 12 contracts

Samples: Stock Option Agreement (Rockwood Specialties Group Inc), And Above) Special Retirement (Sealy Mattress CORP), Form of Stock Option Agreement (Sealy Mattress CORP)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s 's Agreement, during the lifetime of the Optionee, only he may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Amphenol Corp /De/), Non Qualified Stock Option Agreement (Amphenol Corp /De/), Non Qualified Stock Option Agreement (Amphenol Corp /De/)

Person Eligible to Exercise. Except as otherwise expressly provided for herein, in the Management Plan or in the Stockholder’s Agreement, during the lifetime of the Optionee, only he the Optionee may exercise an the Option or any portion thereof. After the Disability or death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will legatees, personal representatives, or under the then applicable laws of descent and distributiondistributees.

Appears in 4 contracts

Samples: Option Award Agreement (Samson Resources Corp), Amended Option Award Agreement (Samson Lone Star, LLC), Option Award Agreement (Samson Holdings, Inc.)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he or his personal legal representative may exercise an Option to Purchase or any portion thereof. After the death of the Optionee, any exercisable previously exercised portion of an Option to Purchase may, prior to the time when an Option to Purchase becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: 2009 Non Qualified Stock Option Grant Agreement (Amphenol Corp /De/), Non Qualified Stock Option Grant Agreement (Amphenol Corp /De/)

Person Eligible to Exercise. Except as otherwise provided in the Management Employee Stockholder’s Agreement, during the lifetime of the Optionee, only he the Optionee may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his the Optionee’s personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Employee Stockholder’s Agreement (Bristol West Holdings Inc), Employee Stockholder’s Agreement (Bristol West Holdings Inc)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he may exercise an the Option or any portion thereof. After the death of the Optionee, any exercisable portion of an the Option may, prior to the time when an the Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Rockwood Specialties Group Inc)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Nielsen CO B.V.)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Option Plan (Amphenol Corp /De/)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s 's Agreement, during the lifetime of the Optionee, only he may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Randalls Food Markets Inc)

Person Eligible to Exercise. Except as otherwise provided in the Management Employee Stockholder’s 's Agreement, during the lifetime of the Optionee, only he the Optionee may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.23.3, be exercised by his the Optionee's personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Employee Stockholder's Agreement (Bristol West Holdings Inc)

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Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he the Optionee (or his or her duly authorized legal representative) may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Laureate Education, Inc.)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he the Optionee may exercise an Option or any portion thereof. After the death of the OptioneeExecutive, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Nielsen CO B.V.)

Person Eligible to Exercise. Except as otherwise provided in the 2000 Management Stockholder’s Agreement, during the lifetime of the Optionee, only he or his personal legal representative may exercise an Option to Purchase or any portion thereof. After the death of the Optionee, any exercisable previously exercised portion of an Option to Purchase may, prior to the time when an Option to Purchase becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Amphenol Corp /De/)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s Agreement, during the lifetime of the Optionee, only he or his personal legal representative may exercise an Option to Purchase or any portion thereof. After the death of the Optionee, any exercisable previously exercised portion of an Option to Purchase may, prior to the time when an Option to Purchase becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Non Qualified Stock Option Grant Agreement (Amphenol Corp /De/)

Person Eligible to Exercise. Except as otherwise provided in the Management Stockholder’s 's Agreement, during the lifetime of the Optionee, only he or she may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under the Optionee’s 's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Spalding Holdings Corp)

Person Eligible to Exercise. Except as otherwise provided in the Management Employee Stockholder’s Agreement, during the lifetime of the Optionee, only he the Optionee may exercise an Option or any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.23.3, be exercised by his the Optionee’s personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Employee Stockholder’s Agreement (Bristol West Holdings Inc)

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