Termination Exercise Period. If the Recipient's employment has terminated as a result of Total Disability and the Recipient should thereafter die before the end of the Recipient's Post-Termination Exercise Period, the Exercisable Portion of this Option at the date of the Recipient's death shall continue to be exercisable by the Recipient's Beneficiary at any time or from time to time after the date of the Recipient's death until the earlier of the second anniversary of such date of death or the date on which the Option Term expires.
Appears in 2 contracts
Sources: Stock Option Agreement (Pennsylvania Electric Co), Stock Option Agreement (Pennsylvania Electric Co)
Termination Exercise Period. If the Recipient's employment has terminated as a result of Total Disability and the Recipient should thereafter die before the end of the Recipient's Post-Termination Exercise Period, the Exercisable Portion of this Option at the date of the Recipient's death shall continue to be exercisable by the Recipient's Beneficiary at any time or from time to time after the date of the Recipient's death until the earlier of the second anniversary of such date of death or the date on which the Option Term expires.of
Appears in 1 contract