Common use of Who May Exercise Clause in Contracts

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative. If the Participant’s Termination of Service is due to his death prior to the date specified in Section 4.a.i. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 15 contracts

Samples: Incentive Stock Option Agreement (Exco Resources Inc), Nonqualified Stock Option Agreement (Exco Resources Inc), Incentive Stock Option Agreement (Exco Resources Inc)

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Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative. If the Participant’s Termination of Service is due to his death prior to the date specified in Section 4.a.i. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., . or v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Availent Financial Inc), Nonqualified Stock Option Agreement (Availent Financial Inc), Nonqualified Stock Option Agreement (Availent Financial Inc)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 4, 5 and 4 6 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s 's guardian or personal or legal representative. If the Participant’s 's Termination of Service is due to his death prior to the date specified in Section 4.a.i5.a.i. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i5.a.i., ii., iii., iv., . or v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 4 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 5 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/), Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/), Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative, or by any transferee as permitted under Section 8 herein. If the Participant’s Termination of Service is due to his death prior to the date specified in Section 4.a.i. 4(a) hereof, or the Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., v. or vi. 4(a) – (c) hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the ParticipantParticipant or a transferee as permitted in Section 8 herein; provided that the Stock Option shall remain subject to the other terms of this Agreement, Section 15.6 of the Plan, Plan and applicable laws, rules, and regulations.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Liberte Investors Inc), Nonqualified Stock Option Agreement (First Acceptance Corp /De/), Nonqualified Stock Option Agreement (Liberte Investors Inc)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the ParticipantOptionholder, the Stock Option may be exercised only by the ParticipantOptionholder, or by the ParticipantOptionholder’s guardian or personal or legal representative. If the ParticipantOptionholder’s Termination termination of Continuous Service is due to his or her death prior to the date specified in Section 4.a.i. 4(i) hereof, or Participant Optionholder dies prior to the termination dates specified in Sections 4.a.i.4(i), (ii.), (iii.), (iv., v. ) or vi. (v) hereof, and the Participant Optionholder has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant Optionholder at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his or her estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the ParticipantOptionholder; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Alkami Technology, Inc.)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative. If the Participant’s Termination of Service is due to his or her death prior to the date specified in Section 4.a.i. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., . or v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his or her estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Summit Bancshares Inc /Tx/)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s 's guardian or personal or legal representative. If the Participant’s 's Termination of Service is due to his death prior to the date specified in Section 4.a.i. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., . or v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Integrated Security Systems Inc)

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Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative. If the Participant’s Termination of Service is due to his his/her death prior to the date specified in Section 4.a.i4.a. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i4.a., ii.b., iii., iv., v. c. or vi. d. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his his/her estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (REV Group, Inc.)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 3, 4 and 4 5 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s 's guardian or personal or legal representative. If the Participant’s 's Termination of Service is due to his death prior to the date specified in Section 4.a.i. hereof, or Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., . or v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative. If the Participant’s Termination of Service is due to his death prior to the date specified in Section 4.a.i. hereof, or the Participant dies prior to the termination dates specified in Sections 4.a.i., ii., iii., iv., . or v. or vi. hereof, and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3 hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: the personal representative of his estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Plainscapital Corp)

Who May Exercise. Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the this Stock Option may be exercised only by the Participant, or by the Participant’s 's guardian or personal or legal representative. If the Participant’s Termination of Service is due to his death Participant dies or becomes Disabled, as the case may be, prior to the date specified in Section 4.a.i. hereof, or Participant dies prior to the applicable termination dates specified in Sections 4.a.i., ii., iii., iv., v. or vi. Section 4 hereof, and the Participant has not exercised the this Stock Option as to the maximum number percentage of this Stock Option that is then vested Optioned Shares as set forth in pursuant to Section 3 hereof as of the date of deathdeath or Disability, the following persons may exercise the exercisable portion of the this Stock Option on behalf of the Participant at any time prior to the earliest of the dates specified in Section 4 hereof: (i) if the Participant is Disabled, the guardian or legal representative of the Participant; or (ii) if the Participant dies, the personal representative of his estate, or the person who acquired the right to exercise the this Stock Option by bequest or inheritance or by reason of the death of the Participant; provided that the this Stock Option shall remain subject to the other terms of this Agreement, the Plan, and applicable laws, rules, and regulations.

Appears in 1 contract

Samples: Executive Stock Option Agreement (Alamosa Holdings Inc)

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