Common use of Person Eligible to Exercise Clause in Contracts

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by Xxxxxx's personal representative or by any person empowered to do so under the deceased Xxxxxx's will or under the then applicable laws of descent and distribution.

Appears in 4 contracts

Samples: Qualified Stock Option Agreement (Leap Wireless International Inc), Qualified Stock Option Agreement (Leap Wireless International Inc), Qualified Stock Option Agreement (Leap Wireless International Inc)

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Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of the Holder, only the Holder may exercise the Option or any portion thereof. After the death of Xxxxxxthe Holder, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by Xxxxxx's the Holder’s personal representative or by any person empowered to do so under the deceased Xxxxxx's the Holder’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (Bio Rad Laboratories Inc), Incentive Award Plan (Bio-Rad Laboratories, Inc.)

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After the death of XxxxxxHolder, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by XxxxxxHolder's personal representative or by any person empowered to do so under the deceased XxxxxxHolder's will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc), Restricted Stock Award Agreement (Leap Wireless International Inc)

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by Xxxxxx's ’s personal representative or by any person empowered to do so under the deceased Xxxxxx's ’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Leap Wireless International Inc), Stock Option Agreement (ECC Capital CORP)

Person Eligible to Exercise. Except as provided in Sections 5.2(b4.1(b) and 5.2(c4.1(c), during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.32.3, be exercised by Xxxxxx's ’s personal representative or by any person empowered to do so under the deceased Xxxxxx's ’s will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Leap Wireless International Inc), Non Qualified Stock Option Agreement (Leap Wireless International Inc)

Person Eligible to Exercise. Except as provided in Sections 5.2(b4.1(b) and 5.2(c4.1(c), during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.32.3, be exercised by Xxxxxx's personal representative or by any person empowered to do so under the deceased Xxxxxx's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Leap Wireless International Inc)

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c)Section 4.1, during the lifetime of Holder, only Holder may exercise the Option or any portion thereof, unless it has been disposed of pursuant to a DRO. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.32.3, be exercised by Xxxxxx's ’s personal representative or by any person empowered to do so under the deceased Xxxxxx's Holder’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Digital Generation, Inc.)

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Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during During the lifetime of the Holder, only Holder he or she may exercise the Option or any portion thereof. After the death of Xxxxxxthe Holder, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.33.2, be exercised by Xxxxxx's his or her personal representative or by any person empowered to do so under the deceased Xxxxxx's Holder’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Pfsweb Inc)

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during During the lifetime of HolderXxxxxx, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.33.3 hereof, be exercised by Xxxxxx's ’s personal representative or by any person Person empowered to do so under the deceased Xxxxxx's Holder’s will or under the then applicable laws Applicable Laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Better Choice Co Inc.)

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c)Section 4.1, during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.32.2, be exercised by Xxxxxx's ’s personal representative or by any person empowered to do so under the deceased Xxxxxx's ’s will or under the then applicable laws then-Applicable Laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Life Technologies Corp)

Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c), during During the lifetime of HolderXxxxxx, only Holder may exercise the Option or any portion thereof. After the death of Xxxxxx, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.36.5 of the Plan, be exercised by Xxxxxx's ’s personal representative or by any person empowered to do so under the deceased Xxxxxx's Holder’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Award Agreement (Actavis PLC)

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