Common use of Termination Due to Death or Disability Clause in Contracts

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

Appears in 49 contracts

Samples: Stock Option Agreement (Brand Neue Corp), Stock Option Agreement (AWG International Water Corp), Stock Option Agreement (Eden Energy Corp)

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Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.

Appears in 21 contracts

Samples: Stock Option Agreement (Lucky 1 Enterprises Inc), Stock Option Agreement (Merlin Software Technologies International Inc), Stock Option Agreement (Merlin Software Technologies International Inc)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.

Appears in 17 contracts

Samples: Stock Option Agreement (Collaborative Financial Network Group Inc), Stock Option Agreement (Collaborative Financial Network Group Inc), Stock Option Agreement (Collaborative Financial Network Group Inc)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.

Appears in 6 contracts

Samples: Stock Option Agreement (Western Graphite Inc.), Stock Option Agreement (Trident Brands Inc), Stock Option Agreement (Enertopia Corp.)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability Disability (as defined in within the meaning of Section 5.1(g22(e) of the PlanCode). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

Appears in 5 contracts

Samples: Stock Option Agreement (Scores Holding Co Inc), Stock Option Agreement (Boxlight Corp), Stock Option Agreement (Dynastar Holdings, Inc.)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.;

Appears in 2 contracts

Samples: Stock Option Agreement (Merlin Software Technologies International Inc), Stock Option Agreement (Merlin Software Technologies International Inc)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall will be exercisable only by the person or persons to whom such the Optionee’s 's rights under such the Option shall will pass by the Optionee’s 's will or by the laws of descent and distribution.;

Appears in 2 contracts

Samples: Stock Option Agreement (Ableauctions Com Inc), Stock Option Plan Stock Option Agreement (Ableauctions Com Inc)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.or

Appears in 1 contract

Samples: Stock Option Agreement (E Financial Depot Com)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distributiondistribution of the state or county of the Optionee's domicile at the time of death.

Appears in 1 contract

Samples: Stock Option Agreement (Shopping Sherlock Inc)

Termination Due to Death or Disability. The expiration of one (1) year --------------------------------------- from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.;

Appears in 1 contract

Samples: Stock Option Agreement (E Com Technologies Corp)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distributiondistribution of the state or county of the Optionee’s domicile at the time of death.

Appears in 1 contract

Samples: Stock Option Agreement (Paradigm Enterprises Inc)

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Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or 's contractual relationship by reason of disability (as defined in Section 5.1(g) of the PlanServices Agreement). If an Optionee’s employment or 's contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Agreement (Sportsprize Entertainment Inc/)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in by Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distributiondistribution of the state or country of the Optionee's domicile at the time of death.

Appears in 1 contract

Samples: Employment Agreement (Sailtech International Inc)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g2(o) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Li3 Energy, Inc.)

Termination Due to Death or Disability. The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship status as a member of the Board of Directors by reason of disability Disability (as defined in within the meaning of Section 5.1(g22(e) of the PlanCode). If an Optionee’s employment or contractual relationship status as a member of the Board of Directors is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (La Cortez Energy, Inc.)

Termination Due to Death or Disability. The -------------------------------------- expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s 's employment or contractual relationship by reason of disability Disability (as defined in Section 5.1(g5(g) of the Plan). If an Optionee’s 's employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s 's rights under such Option shall pass by the Optionee’s 's will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Briazz Inc)

Termination Due to Death or Disability. The expiration of one six (16) year months from the date of the death of the Optionee or cessation of an the Optionee’s employment or contractual relationship by reason of disability Disability (as defined in within the meaning of Section 5.1(g22(e) of the PlanCode). If an the Optionee’s employment or contractual relationship is terminated by death, any vested Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Loreto Resources Corp.)

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