Common use of Death Following Termination Clause in Contracts

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 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.