Common use of Termination of Service Due to Death Clause in Contracts

Termination of Service Due to Death. Upon the Participant’s Termination of Service by reason of death, any Options held by such Participant that were vested and exercisable immediately before such Termination of Service may be exercised at any time until the earlier of (a) the first anniversary of the date of such death and (b) the Expiration Date.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (EVO Payments, Inc.), Nonqualified Stock Option Agreement (EVO Payments, Inc.), Incentive Stock Option Agreement (EVO Payments, Inc.)

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Termination of Service Due to Death. Upon the Participant’s Termination of Service by reason of death, any Options Option held by such Participant that were was vested and exercisable immediately before such Termination of Service may be exercised at any time until the earlier of (a) the first anniversary of the date of such death and (b) the Expiration Date.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (EVO Payments, Inc.), Incentive Stock Option Agreement (EVO Payments, Inc.)

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