Common use of Death After Service Clause in Contracts

Death After Service. In the event the Option Holder dies after a termination of his employment with the Company, the estate or other legal representative of the Option Holder shall be entitled to exercise the portion of the Option that is vested (and has not been forfeited) at the time of death to the extent such portion is exercisable at the time of death or subsequently becomes exercisable under paragraph (e) above due to consummation of a Liquidity Event or expiration of 180 days or one year, as the case may be, following a Qualified Public Offering, and such portion shall remain exercisable until the later of 90 days following the date it becomes exercisable and one year following the Option Holder's death (but in no event beyond the end of the Option Period).

Death After Service. In the event the Option Holder dies after a termination of his employment with the Company, the estate or other legal representative of the Option Holder shall be entitled to exercise the portion of the Option that is vested (and has not been forfeited) at the time of death to the extent such portion it is exercisable at the time of death or subsequently becomes exercisable under paragraph (e) above due to consummation of a Liquidity Event or expiration of 180 days or one year, as the case may be, following a Qualified Public Offering, and such portion shall remain exercisable until the later of 90 days following the date it becomes exercisable and one year following the Option Holder's death (but in no event beyond the end of the Option Period).