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 7 contracts

Sources: Stock Option Agreement (Spectrx Inc), Stock Option Agreement (Finisar Corp), Stock Option Agreement (HNC Software Inc/De)

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 7 contracts

Sources: Stock Option Agreement (Communication Intelligence Corp), Stock Option Agreement (Communication Intelligence Corp), Stock Option Agreement (Communication Intelligence Corp)

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 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 6 contracts

Sources: Employee Stock Option Agreement (Autobytel Inc), Option Agreement (Autobytel Inc), Employee Stock Option Agreement (Autobytel Inc)

Death of Optionee. In the event of the death of Optionee while in Service or within 3 months following the termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of Optionee’s Service, the this Option may be exercised at any time within twelve (12) 12 months following the date of death (but in by any beneficiary properly designated by the Optionee or, if no event later than the date of expiration of the term of this Option as set forth in Section 10 below)such beneficiary exists, by the Optionee's ’s estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent the Optionee could exercise is vested in the Option at the date of deathShares.

Appears in 5 contracts

Sources: Employment Agreement (Martha Stewart Living Omnimedia Inc), Employment Agreement (Martha Stewart Living Omnimedia Inc), Employment Agreement (Martha Stewart Living Omnimedia Inc)

Death of Optionee. In the event of the death of Optionee while in Service or within 3 months following the termination of Optionee's Continuous Status as an Employee or Consultant as a result of the death of OptioneeService, the this Option may be exercised at any time within twelve (12) 12 months following the date of death (but in by any beneficiary properly designated by the Optionee or, if no event later than the date of expiration of the term of this Option as set forth in Section 10 below)such beneficiary exists, by the Optionee's ’s estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent the Optionee could exercise is vested in the Option at the date of deathShares.

Appears in 4 contracts

Sources: Employment Agreement, Employment Agreement, Employment Agreement (Martha Stewart Living Omnimedia 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 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

Sources: Merger Agreement (Usweb Corp), Non Statutory Stock Option Agreement (Genesys Telecommunications Laboratories Inc), Stock Option Agreement (Loislaw 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 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

Sources: Stock Option Agreement (Flanders Corp), Stock Option Agreement (Flanders Corp), Stock Option Agreement (Flanders 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 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

Sources: Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Skystream Networks Inc), Stock Option Agreement (Cisco 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

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

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

Sources: 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 Notwithstanding the provisions of Section 7 above, in the event of termination of Optionee's Continuous Status service as an Employee or Consultant a 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)death, 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 have exercised the Option at the date of death.

Appears in 3 contracts

Sources: Option Agreement (Travelscape Com Inc), Option Agreement (Travelscape Com Inc), Option Agreement (Travelscape Com Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s Service 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 belowExpiration Date), 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 2 contracts

Sources: Inducement Stock Option Agreement, Inducement Stock Option Agreement (Autobytel 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 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

Sources: Employment Agreement (Crossworlds Software Inc), Employment Agreement (Crossworlds Software Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s 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 this Option as set forth in Section 10 Paragraph I. 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 2 contracts

Sources: Employee Stock Option Agreement, Employee Stock Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s Service as a result of the death of Optionee, the Option may be exercised at any time within twelve two (122) months years 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 ’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

Sources: Stock Option Agreement (Autobytel Inc), Stock 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) 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

Sources: Stock Option Agreement (SMTC Corp), Stock Option Agreement (SMTC Corp)

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

Sources: Stock Option Agreement (Neothetics, Inc.), Stock Option Agreement (Neothetics, 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 Optioneean Optionee during, or within a period specified in the Option after the Termination of Employment, the Option may be exercised (to the extent the Optionee was entitled to exercise the Option at any time within twelve (12) months following the date of death (but in no event later than the date of expiration death) by executor or administrator 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 inheritancebequest, but only to the extent the Optionee could exercise the Option at within six (6) months following the date of death. If, after death, the Option is not exercised as set forth in this Section 5(c), the Option shall terminate.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Quality Systems Inc), Nonqualified Stock Option Agreement (Quality Systems 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

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

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

Sources: License Agreement (Orexigen Therapeutics, Inc.), License Agreement (Orexigen Therapeutics, Inc.)

Death of Optionee. In Notwithstanding the provisions of Paragraph E above, in the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s 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 this Option as set forth in Section 10 Paragraph I 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

Sources: Employee Stock Option Agreement (Autobytel 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 OptioneeOptionee 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, 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 Expiration Date as set forth in Section 10 below), the Notice) 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

Sources: Substitute Stock Option Agreement (Iso) (Pandora Media, Inc.)

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

Sources: Employee/Director Stock Option Agreement (Auspex Systems Inc)

Death of Optionee. In Notwithstanding the provisions of Section 7 above, in the event of termination of Optionee's Continuous Status service 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 (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)death, 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 have exercised the Option at the date of death.

Appears in 1 contract

Sources: Option Agreement (Vitesse Semiconductor 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 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

Sources: Stock Option Agreement (Broadcom 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 (a) during the term of this Option and while an employee, consultant or other service provider of the Company and having been in continuous service status since the date of grant of the Option, or (b) within three (3) months 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 Optionee was vested in the Optionee could exercise Shares as of the Option at the date of deathTermination Date.

Appears in 1 contract

Sources: Retention Stock Option Agreement (Intellisync Corp)

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

Sources: Stock Option Agreement (Earthshell Corp)

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

Sources: Stock Option Agreement (Xoom 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

Sources: 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 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

Sources: Stock Option Agreement (Seagate Software Information Management Group Holdings 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

Sources: Stock Option Agreement (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 (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

Sources: Stock Option Agreement (Synplicity 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 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

Sources: Stock Option Agreement (Nassda Corp)

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

Sources: Stock Option Agreement (Xoom 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

Sources: Stock Option Agreement (Cancer Genetics, Inc)

Death of Optionee. In the event of termination the death of Optionee's Optionee during the term of this Option and while an Employee and having been in Continuous Status as an Employee or Consultant as a result since the date of grant of the death of OptioneeOption, the Option may be exercised exercised, at any time within twelve thirty-six (1236) 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 ’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, inheritance but only to the extent the Optionee could exercise the Option exercisable at the date of death.

Appears in 1 contract

Sources: Employment Agreement (Applied Micro Circuits 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 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

Sources: Stock Option Plan (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

Sources: Stock Option Agreement (Virologic Inc)

Death of Optionee. In the event of termination of Optionee's ’s Continuous Service Status as an Employee or Consultant as a result of Optionee’s death, or in the death event of Optionee’s death within six (6) months following Optionee’s Termination Date, the this Option may be exercised at any time within twelve six (126) months following the date of death (but in no event later than or, if earlier, the date of expiration of the term of this Option as set forth in Section 10 below), Optionee’s Continuous Service Status terminated) by Optionee's ’s estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of deathis vested in this Option.

Appears in 1 contract

Sources: Employee Stock Option Agreement (NutriBand Inc.)

Death of Optionee. In the event of termination of Optionee's Continuous Status -------------------- continuous status as an Employee employee or Consultant Officer or Director of the Company or its subsidiaries 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 earlier of the date of death (but in no event later than or the date of expiration of the term of this Option as set forth in Section 10 below), Company's economical feasibility is confirmed by the 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

Sources: Stock Option Agreement (Sangui Biotech International Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s Service as a result of the death of Optionee, the Option may be exercised at any time within twelve three (123) months years 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 ’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

Sources: Stock Option Agreement (Autobytel 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 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

Sources: Stock Option Agreement (Applied Micro Circuits Corp)

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

Sources: Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's Continuous Status as an Employee or Consultant ’s 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 this Option as set forth in Section 10 Paragraph J 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

Sources: Employee Stock Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination death of Optionee's Continuous Status Optionee during the term ----------------- of this Option and while an employee of the Company and having been in continuous status as an Employee or Consultant as a result employee 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 below3.4), 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

Sources: Nonstatutory Stock Option Agreement (Balance Bar Co)

Death of Optionee. In the event of termination of Optionee's Continuous Status status ----------------- as an Employee or Consultant a Director 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 1 contract

Sources: Stock Option Agreement (Four Media Co)

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

Sources: 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 Shares are vested as of the Option at the date of deathTermination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Rita Medical Systems 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 (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

Sources: 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 (a) during the term of this Option and prior to the Termination of Optionee, or (b) within three months after Optionee’s Termination Date if the Termination was not due to Cause, 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 Optionee was vested in the Optionee could exercise Shares as of the Option at the date of deathTermination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Human Pheromone Sciences 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 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

Sources: Non Qualified Stock Option Agreement (Silicon Laboratories Inc)