Common use of Death of Optionee Clause in Contracts

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six months following the date of 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 Optionee was vested in the Option as of the Termination Date.

Appears in 2 contracts

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

Death of Optionee. In the event of termination of Optionee’s employment with the Company as a result of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six 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 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 2 contracts

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

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six months following the date of 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 Optionee was vested in entitled to exercise the Option as of the Termination 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 the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six twelve (12) months following the date of 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 Optionee was vested in the Option as of the Termination Date.

Appears in 2 contracts

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

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee's Continuous ----------------- Status as an Employee or Consultant as a result of the Company and having been in Continuous Service Status since the date death 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 six 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 k. 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 2 contracts

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

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six twelve months following the date of 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 Optionee was vested in the Option as of the Termination Date.

Appears in 2 contracts

Sources: Stock Option Agreement (Neothetics, Inc.), Stock Option Agreement (Neothetics, Inc.)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Optionee’s Continuous Service Status since the date as a result of grant of the OptionOptionee’s death, or in the event of Optionee’s death within six (b6) within thirty (30) days after months following Optionee’s Termination Date, the this Option may be exercised at any time within six (6) months following the date of death (or, if earlier, the date Optionee’s Continuous Service Status terminated) by Optionee’s estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent Optionee was is vested in the Option as of the Termination Datethis Option.

Appears in 1 contract

Sources: Employee Stock Option Agreement (NutriBand Inc.)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee's -------------------- continuous status as an Employee employee or Consultant Officer or Director of the Company and having been in Continuous Service Status since the date or its subsidiaries as a result of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date's death, the Option may only be exercised at any time within six (6) months following the earlier of the date of death or the date the Company's economical feasibility is confirmed by the 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 Option as of the Termination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Sangui Biotech International Inc)

Death of Optionee. In the event of the death of Optionee (a) during the term ----------------- of this Option and while an Employee or Consultant employee of the Company and having been in Continuous Service Status continuous status as an employee 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 six 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 3.4), 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 Option as of the Termination Dateright to exercise 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 the death termination of Optionee (a) during the term of this Option and while Optionee's Continuous ----------------- Status as an Employee or Consultant as a result of the Company and having been in Continuous Service Status since the date death 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 six 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 11 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

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

Death of Optionee. In the event of termination of Optionee’s employment with the Company as a result of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six 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 Paragraph 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Employee Stock Option Agreement (Autobytel Inc)

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six months following the date of death (but in no event later than the Expiration Date as set forth in the Notice) 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 Optionee was vested in the Option as of the Termination Date.

Appears in 1 contract

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

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Service Status as an Employee or Consultant since the date of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised exercised, at any time within thirty-six (36) 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 11 below) by Optionee’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, inheritance but only to the extent Optionee was vested in exercisable at the Option as date of the Termination Datedeath.

Appears in 1 contract

Sources: Employment Agreement (Applied Micro Circuits Corp)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee’s Continuous Status as an Employee or Consultant as a result of the Company and having been in Continuous Service Status since the date death 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 six (6) 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Stock Option Agreement (Omnivision Technologies Inc)

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 's Termination Date, the Option may be exercised at any time within six twelve months following the date of death 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 entitled to exercise the Option as of the Termination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Isilon Systems, Inc.)

Death of Optionee. In the event of termination of Optionee's ----------------- Continuous Status as an Employee as a result of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six 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 the Notice of Grant), 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

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 employment or service with the Company or any subsidiary thereof as a result of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six 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 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Option Agreement (Autobytel Inc)

Death of Optionee. In the event of termination of Optionee's employment ----------------- with the Company as a result of the death of Optionee (a) during the term of Optionee, this Option and while an Employee or Consultant 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 six twelve (12) months following the date of death (but in no event later than the Term/Expiration Date of this Option as set forth in the Notice of Grant), 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Stock Option Agreement (Xoom Inc)

Death of Optionee. In the event of the death of the Optionee (a) during the term of this Option and while an Employee or Consultant 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 the Optionee’s Termination Date, the Option may be exercised at any time within six months following the date of death 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 was vested in entitled to exercise the Option as of the Termination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Cancer Genetics, Inc)

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option these Options and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the OptionOptions, or (b) within thirty (30) days after Optionee’s Termination Date, the Option Vested Options may be exercised at any time within six twelve (12) months following the date of death by Optionee’s estate or by a person who acquired the right to exercise the Option Vested Options by bequest or inheritance, but only to the extent Optionee was vested in the Option inheritance as of the Termination Date.

Appears in 1 contract

Sources: Unit Option Agreement (UpHealth, Inc.)

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee employee, consultant or Consultant other service provider of the Company and having been in Continuous Service Status continuous service status since the date of grant of the Option, or (b) within thirty three (303) days months after Optionee’s Termination Date, the Option may be exercised at any time within six twelve (12) months following the date of 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 Optionee was vested in the Option Shares as of the Termination Date.

Appears in 1 contract

Sources: Retention Stock Option Agreement (Intellisync Corp)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee's Continuous Status as an Employee or Consultant as a result of the Company and having been in Continuous Service Status since the date death of grant of the Option, or (b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time may, but only within six twelve (12) months following the date of death (and in no event later than the date of expiration of the term of this Option as set forth in the Option Agreement), be exercised 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 at the Option as date of the Termination Datedeath.

Appears in 1 contract

Sources: Stock Option Agreement (Broadcom Corp)

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six twelve months following the date of 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 Optionee was the Shares are vested in the Option as of the Termination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Rita Medical Systems Inc)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee's Continuous Status as an Employee or Consultant as a result of the Company and having been in Continuous Service Status since the date death 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 six 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 9 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Stock Option Agreement (Virologic Inc)

Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 six twelve months following the date of 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 Optionee was vested in the Option as of the Termination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Synageva Biopharma Corp)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee's Continuous Status as an Employee or Consultant as a result of the Company and having been in Continuous Service Status since the date death 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 six 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 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Stock Option Agreement (Applied Micro Circuits Corp)

Death of Optionee. In the event of termination of Optionee's ----------------- employment with the Company as a result of the death of Optionee (a) during the term of Optionee, this Option and while an Employee or Consultant 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 six twelve (12) months following the date of death (but in no event later than the Term/Expiration Date of this Option as set forth in the Notice of Grant), 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 was vested in could exercise the Option as at the date of the Termination Datedeath.

Appears in 1 contract

Sources: Stock Option Agreement (Xoom Inc)

Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while Optionee's ----------------- continuous status as an Employee or Consultant employee as a result 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's death, the Option may only be exercised at any time within six (6) months following the date of death by the 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 Option as of the Termination Date.

Appears in 1 contract

Sources: Stock Option Agreement (Prosofttraining Com)

Death of Optionee. In If the event Optionee’s service to the Company terminates because of the death of Optionee (a) during the term of this Option and while an Employee or Consultant 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 Datedeath, the Option may be exercised at any time within six 12 months following the date of death (but in no instance later than the Expiration Date specified in the Option Vesting Schedule of this Agreement) 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 Optionee was vested in the Option as of the Termination Dateinheritance (a “Successor”).

Appears in 1 contract

Sources: Stock Option Agreement (Fsi International Inc)