Common use of Who May Exercise Clause in Contracts

Who May Exercise. The Option shall be exercisable only by the Optionee except in the case of death or disability (determined by the Company). To the extent exercisable after the Optionee's death or disability, the Option shall be exercised only by the Optionee's representatives, executors, successors or beneficiaries.

Appears in 2 contracts

Samples: Stock Option Agreement (Citadel Technology Inc), Stock Option Agreement (Citadel Technology Inc)

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Who May Exercise. The Option shall be exercisable only by the Optionee Optionee, ----------------- except in the case of death or disability (determined by the CompanyCompany in it sole discretion). To the extent exercisable after the Optionee's death or disability, the Option shall be exercised only by the Optionee (in case of a disability) or the Optionee's representatives, executors, successors or beneficiaries.

Appears in 2 contracts

Samples: Stock Option Agreement (Citadel Security Software Inc), Nonqualified Stock Option Agreement (Citadel Security Software Inc)

Who May Exercise. The Option shall be exercisable only by the Optionee Optionee, except in the case of death or disability (determined by the Company). To the extent exercisable after the Optionee's death or disability, the Option shall be exercised only by the Optionee's representatives, executors, successors or beneficiaries.Company in it sole

Appears in 2 contracts

Samples: Stock Option Agreement (Atomic Paintball Inc), Stock Option Agreement (Atomic Paintball Inc)

Who May Exercise. The Option shall be exercisable only by the Optionee except in the case of death or disability Disability (determined by as defined in the CompanyPlan). To the extent exercisable after the Optionee's death or disabilityDisability, the Option shall be exercised only by the Optionee's representatives, executors, successors or beneficiaries.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Who May Exercise. The Option shall be exercisable only by the Optionee except in the case of death or disability Disability (determined by as defined in the CompanyPlan). To the extent exercisable after the Optionee's ’s death or disabilityDisability, the Option shall be exercised only by the Optionee's ’s representatives, executors, successors or beneficiaries.

Appears in 1 contract

Samples: Tippingpoint Technologies, Inc. Stock Option Agreement (3com Corp)

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Who May Exercise. The Option shall be exercisable only by the ------------------ Optionee except in the case of death or disability Disability (determined by as defined in the CompanyPlan). To the extent exercisable after the Optionee's death or disabilityDisability, the Option shall be exercised only by the Optionee's representatives, executors, successors or beneficiaries.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Citadel Security Software Inc)

Who May Exercise. The Option shall be exercisable during the lifetime of the Optionee only by the Optionee except in the case of death or disability by any permitted transferee (determined by the Company)see Section 8). To the extent exercisable after the Optionee's death or disabilitydeath, the Option shall be exercised only by the Optionee's representatives, executors, successors successors, or beneficiaries.

Appears in 1 contract

Samples: Stock Option Agreement (Amtech Corp)

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