Common use of Who May Exercise Clause in Contracts

Who May Exercise. Except in the case of death or disability of the Option Holder, this option may be exercised only by the Option Holder. If the Option Holder dies or becomes disabled prior to the termination date specified in Section 4 hereof without having exercised the option as to all of the shares covered thereby, the option may be exercised at any time prior to the earlier of the dates specified in Section 4(a) and (b) hereof by (i) the Option Holder's estate or a person who acquired the right to exercise the option by bequest or inheritance or by reason of the death of the Option Holder in the event of the Option Holder's death, or (ii) the Option Holder or his personal representative in the event of the Option Holder's disability, subject to the other terms of this Agreement, the Plan and applicable laws, rules and regulations.

Who May Exercise. Except in During the case of death or disability lifetime of the Option Holder, this option Option may be exercised only by the Option Holder. If the Option Holder dies or becomes disabled Disabled prior to the termination date specified in Section 4 5 hereof without having exercised the option this Option as to all of the shares covered therebyhereby, the option Option may be exercised at any time prior to the earlier extent the Option Holder could have exercised the Option on or after the date of the dates specified his death or Disability in accordance with Section 4(a) and (b) hereof 2 by (i) the Option Holder's estate or a person who acquired the right to exercise the option Option by bequest or inheritance or by reason of the death of the Option Holder in the event of the Option Holder's death, or (ii) the Option Holder or his personal representative in the event of the Option Holder's disabilityDisability, subject to the other terms of this Agreement, the Plan Agreement and applicable laws, rules and regulations.