Early Termination of Option Due to Death. In the event of the death of the Optionee while in the employ of the Company and before the date of the expiration of the general term of the Option, the Option shall terminate on the earlier of the date of expiration of the general term of the Option or nine months after the date of the Optionee's termination of employment with the Company due to death. This Option shall not vest further in the nine-month period following Optionee's termination of employment with the Company due to death.
Appears in 5 contracts
Sources: Nonqualified Stock Option Agreement (American Homestar Corp), Nonqualified Stock Option Agreement (American Homestar Corp), Nonqualified Stock Option Agreement (American Homestar Corp)