Early Termination of Option Due to Death. Unless the Option Agreement specifies otherwise, in the event of the severance of the employment or affiliation relationship between the Holder and the Company and all Affiliates due to death before the date of expiration of the general term of the Option, the Holder’s Option shall terminate on the earlier of the date of expiration of the general term of the Option or 180 days after the Holder’s death.
Appears in 3 contracts
Sources: 1994 Stock Incentive Plan (Furmanite Corp), 1994 Stock Incentive Plan (Furmanite Corp), 1994 Stock Incentive Plan (Furmanite Corp)