Termination of Employment; Death. If there is a Termination of Service of the Holder by reason of death, this Nonqualified Stock Option shall be exercisable by the Holder's legal representatives, legatees, or distributes for one (1) year following the date of the Termination of Service, to the extent this Nonqualified Stock Option is exercisable on the date of such Termination of Service, and thereafter this Nonqualified Stock Option shall terminate and cease to be exercisable.
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Samples: Nonqualified Stock Option Agreement (Applebees International Inc)
Termination of Employment; Death. If there is a Termination of Service of the Holder by reason of death, this Nonqualified Incentive Stock Option shall immediately vest in full, and shall be exercisable by the Holder's legal representatives, legatees, or distributes for one three (13) year years following the date of the Termination of Service, to the extent this Nonqualified Stock Option is exercisable on the date of such Termination of Service, and thereafter this Nonqualified Incentive Stock Option shall terminate and cease to be exercisable.
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Samples: Incentive Stock Option Agreement (Applebees International Inc)
Termination of Employment; Death. If there is a Termination of Service of the Holder by reason of death, this Nonqualified Stock Option shall immediately vest in full, and shall be exercisable by the Holder's legal representatives, legatees, or distributes for one three (13) year years following the date of the Termination of Service, to the extent this Nonqualified Stock Option is exercisable on the date of such Termination of Service, and thereafter this Nonqualified Stock Option shall terminate and cease to be exercisable.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Applebees International Inc)
Termination of Employment; Death. If there is a Termination of Service of the Holder by reason of death, this Nonqualified Incentive Stock Option shall be exercisable by the Holder's legal representatives, legatees, or distributes distributees for one (1) year following the date of the Termination of Service, Holder's death to the extent this Nonqualified Incentive Stock Option is exercisable on the Holder's date of such Termination of Servicedeath, and thereafter this Nonqualified Incentive Stock Option shall terminate and cease to be exercisable.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Applebees International Inc)