Common use of Death After Service Clause in Contracts

Death After Service. In the event the Optionee dies after termination of his employment with the Company for any of the reasons described in paragraph (e)(i) - (iii), hereof, at a time when all or a portion of the Option remains exercisable, the estate or other legal representative of the Optionee shall be entitled, during the period ending ninety (90) days following the date of the Optionee’s death (but not beyond the Option Period), to exercise that percentage of the Option that the Optionee could have exercised immediately prior to his death.

Death After Service. In the event the Optionee dies after termination of his employment or her service with the Company for any of the reasons described in paragraph (e)(iii) - or (iii), hereof) below, at a time when all or a portion of the Option remains exercisable, the estate or other legal representative of the Optionee shall be entitled, entitled to exercise the remaining exercisable balance of the Option during the same period ending ninety following termination of employment as described in paragraph (90ii) days or (iii) below, whichever is applicable, following the date of the Optionee’s death 's termination of employment (but not beyond the Option Period), to exercise that percentage of the Option that the Optionee could have exercised immediately prior to his death.