Common use of Death of Optionee Clause in Contracts

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Usweb Corp), Option Agreement (Genesys Telecommunications Laboratories Inc), Option Plan Option Agreement (Loislaw Com Inc)

AutoNDA by SimpleDocs

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Avistar Communications Corp), Stock Option Agreement (Skystream Networks Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months 180 days following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 4 contracts

Samples: Long Term Incentive Plan (Flanders Corp), Long Term Incentive Plan (Flanders Corp), Long Term Incentive Plan (Flanders Corp)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status continuous status as an Employee or Consultant employee of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or estate, by a person who acquired the right to exercise the Option by bequest or inheritance, or by Optionee's legal representative on behalf of Optionee, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 3 contracts

Samples: Employee Stock Option Agreement (Auspex Systems Inc), Employee Stock Option Agreement (Auspex Systems Inc), Employee Stock Option Agreement (Auspex Systems Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 3 contracts

Samples: Stock Option Agreement (Peregrine Semiconductor Corp), Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Omnivision Technologies Inc)

Death of Optionee. In the event of termination the death of Optionee's ----------------- Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Orexigen Therapeutics, Inc.), Stock Option Agreement (Orexigen Therapeutics, Inc.)

Death of Optionee. In the event of termination the death of Optionee's ----------------- Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) six months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 2 contracts

Samples: 2010 Incentive Plan (SMTC Corp), 2010 Incentive Plan (SMTC Corp)

Death of Optionee. In the event of termination of Optionee's Continuous ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 k. below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 2 contracts

Samples: Joint Escrow Instructions (Crossworlds Software Inc), Joint Escrow Instructions (Crossworlds Software Inc)

Death of Optionee. In the event of termination the death of Optionee's ----------------- Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 2 contracts

Samples: Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.), Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.)

Death of Optionee. In the event of termination the death of Optionee's ----------------- Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) six months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could was entitled to exercise the Option at as of the date of deathTermination Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Ruckus Wireless Inc), Stock Option Plan (Verisign Inc/Ca)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant employment with the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of the Option) with respect to all shares subject to this Option as set forth in Section 10 below)Agreement whether vested or unvested, by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Option Agreement (Silicon Laboratories Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee employment or Consultant service with the Company or any subsidiary thereof as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 Paragraph I. below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Form of Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination the death of Optionee's ----------------- Continuous Status as Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could was entitled to exercise the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Isilon Systems, Inc.

Death of Optionee. In the event of termination of Optionee's ----------------- ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Omnivision Technologies Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optioneethe Optionee while employed by the Company or by a subsidiary of the Company, the Option this option will become fully vested and may be exercised at any time within twelve (12) months following the date a period of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at one year after the date of death., but in no case later than the Expiration Date. In such event,

Appears in 1 contract

Samples: Stock Option Agreement (Norstan Inc)

Death of Optionee. In the event of termination the death of Optionee's ----------------- Continuous Status as the Optionee (a) during the term of this Option and while an Employee or Consultant as a result of the death Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after the Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) six months following the date of death (but in no event later than by the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could was entitled to exercise the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Cancer Genetics, Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant employment with the Company as a result of the death of Optionee, the this Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term Term/Expiration Date of this Option as set forth in Section 10 belowthe Notice of Grant), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Xoom Inc)

Death of Optionee. In the event of termination of Optionee's Continuous ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 11 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Seagate Software Information Management Group Holdings Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 9 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Plan (Virologic Inc)

AutoNDA by SimpleDocs

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee (a) during the term of this Option and while an Employee of the Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise was vested in the Option at as of the date of deathTermination Date.

Appears in 1 contract

Samples: Stock Option Agreement (Synageva Biopharma Corp)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 J below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Applied Micro Circuits Corp

Death of Optionee. In the event of termination of Optionee's ----------------- ’s Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Synplicity Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status continuous status as an Employee or Consultant employee as a result of the death of Optionee's death, the Option may only be exercised at any time within twelve six (126) months following the date of death (but in no event later than by the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Prosofttraining Com)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time may, but only within twelve (12) months following the date of death (but and in no event later than the date of expiration of the term of this Option as set forth in Section 10 belowthe Option Agreement), be exercised by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option was vested at the date of death.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Broadcom Corp)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status continuous status as an Employee employee or Consultant director of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or estate, by a person who acquired the right to exercise the Option by bequest or inheritance, or by Optionee's legal representative on behalf of Optionee, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Auspex Systems Inc

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant of the Company as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 9 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Amendment Agreement (Earthshell Corp)

Death of Optionee. In the event of termination death of Optionee's ----------------- Continuous Status as an Employee or Consultant Optionee during the term of this Option and while a consultant of the Company and having been in continuous status as a result consultant since the date of grant of the death of OptioneeOption, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below3.5), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the Optionee could right to exercise the Option that had accrued at the date of death.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Star Telecommunications Inc)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised exercised, (i) if Optionee is an Employee, at any time within twelve (12) months following the date of death death, or (ii) if Optionee is a Consultant, at any time following the date of death, or within such other period of time as determined by the Administrator (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, Legal Representative but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Wealthhound Com Inc

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve (12) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 belowthe Notice of Grant), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Stock Option Agreement (Seagate Software Information Management Group Holdings Inc)

Death of Optionee. In the event of termination of Optionee's Continuous ----------------- Continuous Status as an Employee or Consultant as a result of the death of Optionee, the Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

Appears in 1 contract

Samples: Nassda Corp

Time is Money Join Law Insider Premium to draft better contracts faster.