Common use of Termination by Reason of Death Clause in Contracts

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Insulet Corp), Non Qualified Stock Option Agreement (Optium Corp), Non Qualified Stock Option Agreement (Elixir Pharmaceuticals, Inc.)

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Termination by Reason of Death. If the Optionee ceases to be a Director director by reason of the Optionee’s death, any portion of this the Stock Option outstanding on such date shall become immediately exercisable in full, whether or not exercisable at such time and may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Mri Interventions, Inc.), Non Employee Director (Mri Interventions, Inc.), Non Qualified Stock Option Agreement (Mri Interventions, Inc.)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date held by the Optionee may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Mac-Gray Corp), Non Qualified Stock Option Agreement (Mac-Gray Corp), Non Qualified Stock Option Agreement (DiamondRock Hospitality Co)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date held by the Optionee may be exercised by his or her legal representative or legatee for a period of 12 twelve (12) months from the date of death or until the Expiration Date, if earlier.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Harvard Apparatus Regenerative Technology, Inc.), Non Qualified Stock Option Agreement (Harvard Bioscience Inc), Nonqualified Stock Option Agreement (Harvard Apparatus Regenerative Technology, Inc.)

Termination by Reason of Death. If the Optionee ceases to be a Director or employee by reason of the Optionee’s death, any portion of this Stock Option outstanding on such granted to the Optionee as a Director and held by the Optionee at the date of death may be exercised by his or her legal representative or legatee for a period of 12 twelve months from the date of death or until the Expiration Date, if earlier.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Alere Inc.), 2010 Stock Option and Incentive (Alere Inc.), Non Qualified Stock Option Agreement (Inverness Medical Innovations Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding exercisable on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Ansys Inc), Non Qualified Stock Option Agreement (Ansys Inc), Non Qualified Stock Option Agreement (Ansys Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 24 months from the date of death cessation of service as a Director or until 10 days after the end of the blackout period in effect during such post-termination period, if later; provided, however, that this Stock Option shall nevertheless expire on the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement for Non Employee Directors (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (BladeLogic, Inc.), Non Qualified Stock Option Agreement (Insulet Corp)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date shall become fully vested and exercisable and may be exercised by his or her legal representative or legatee for a period of 12 24 months from the date of death cessation of service as a Director or until 10 days after the end of the blackout period in effect during such post-termination period, if later; provided, however, that this Stock Option shall nevertheless expire on the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any vested portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Zoll Medical Corp), Non Qualified Stock Option Agreement (Zoll Medical Corp)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 [12] months from the date of death or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Anthera Pharmaceuticals Inc), Non Qualified Stock Option Agreement for Non Employee Directors (Aprimo, INC)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date held by the Optionee may be exercised by his or her legal representative or legatee for a period of 12 twelve months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Stockeryale Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any portion of this Stock Option outstanding exercisable on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ansys Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any portion of this Stock Option outstanding on such date date, to the extent exercisable, may be exercised by his or her legal representative or legatee for a period of 12 24 months from the date of death cessation of service as a Director or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Eagle Test Systems, Inc.)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date date, to the extent then exercisable, may be exercised by his or her legal representative or legatee for a period of 12 [12] months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Clearview Hotel Trust, Inc.)

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Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 [12] months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (TechTarget Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date held by the Optionee may be exercised by his or her legal representative or legatee for a period of 12 24 months from the date of death or until the Expiration Date, if earlierdeath.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Massbank Corp)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 six (6) months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Lemaitre Vascular Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Clayton Holdings Inc)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any exercisable portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Metabolix, Inc.)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such granted to the Optionee as a Director and held by the Optionee at the date of death may be exercised by his or her legal representative or legatee for a period of 12 twelve months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alere Inc.)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s 's death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 24 months from the date of death cessation of service as a Director or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma)

Termination by Reason of Death. If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date held by the Optionee may be exercised by his or her legal representative or legatee for a period of 12 [12] months from the date of death or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Stockeryale Inc)

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