Death Following Termination Clause Samples

Death Following Termination. If the Participant dies during the period set forth in Section 3(b)(i) or (iii), the Option shall be vested only to the extent it is vested on the date of death and may thereafter be exercised by the Participant’s executor, administrator, legal representative, guardian or similar person until and including the earlier to occur of (i) the date which is one year after the date of death and (ii) the Normal Expiration Date.

Death Following Termination. Notwithstanding anything to the contrary in this Agreement, if Optionee shall die at any time after the date on which he ceases to be a Non-Employee Director and prior to the Expiration Date, then, the remaining vested but unexercised portion of this Option shall terminate on the earlier of the Expiration Date or the first anniversary of the date of such death.

Death Following Termination. If the Holder dies during the period set forth in Section 2.2(a) or Section 2.2(b), the SAR, to the extent vested on the date of death, may thereafter be exercised by the Holder’s executor, administrator, legal representative, guardian or similar person until and including the earlier to occur of (i) the date which is one year after the date of death and (ii) the Expiration Date.

Death Following Termination. If the Optionee dies following a termination of employment described in Section 2.2(b) or (e), and during the period for exercise of the Option set forth in such sections, the Option shall be exercisable only to the extent it is exercisable on the date of the Optionee’s death and may thereafter be exercised by the Optionee’s Legal Representative or Permitted Transferee, as the case may be, until and including the earlier to occur of (i) the date which is 6 months after the last day of the period for exercise of the Option set forth in Section 2.2(b) or (e), as applicable and (ii) the Expiration Date.

Death Following Termination. In the event that Employee shall die after termination of this employment hereunder but prior to the payment of all amounts due to him hereunder, including his termination compensation under section 7.5, those amounts shall be paid to Employee's estate.

Death Following Termination. If Optionee dies during the period set forth in Section 2.2(a) or Section 2.2(c), the Option shall be vested only to the extent it is vested on the date of death and may thereafter be exercised by Optionee’s executor, administrator, legal representative, guardian or similar person until and including the earlier to occur of (i) the date which is one year after the date of death and (ii) the Expiration Date.

Death Following Termination. If Grantee dies during the period set forth in Section 1.3(c)(i) following termination of directorship by reason of Total Disability, or if Grantee dies during the period set forth in Section 1.3(c)(iv) following termination of directorship by the Company for any other reason other than Total Disability, for Cause or death, the Option held by Grantee shall be exercisable only to the extent that the Option is exercisable on the date of Grantee's death and may thereafter be exercised by Grantee's executor, administrator, legal representative, beneficiary or similar person, as the case may be, until and including the earliest to occur of (i) the date which is one year after the date of death and (ii) the Expiration Date.