Common use of Exercise After Optionee's Death Clause in Contracts

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's death, this Option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii) by his estate or his designee by will to the extent this Option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's death. In the event of the Optionee's death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option may be exercised in whole or in part by the Optionee's estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's death, but only to the extent this Option was exercisable by the Optionee immediately prior to his death.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Wausau Mosinee Paper Corp), Non Qualified Performance Stock Option Agreement (Wausau Mosinee Paper Corp)

Exercise After Optionee's Death. In the event of Termination of Service Employment by reason of the Optionee's death, this Option option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii) by his estate or his designee by will to the extent this Option option was exercisable by the Optionee immediately prior to his death, death but only on or before prior to the first anniversary of the Optionee's death. In the event of the Optionee's death after he had incurred a Termination of Service Employment by reason of Disability or Retirement, this Option option may be exercised in whole or in part by the Optionee's estate or his designee by will on or before prior to the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's death, but only to the extent this Option option was exercisable by the Optionee immediately prior to his death.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Mid Wisconsin Financial Services Inc), Incentive Stock Option Agreement (Mid Wisconsin Financial Services Inc)

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's death, this Option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii3(a)(ii) by his estate or his designee by will to the extent this Option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's death. In the event of the Optionee's death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option may be exercised in whole or in part by the Optionee's estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii3(a)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's death, but only to the extent this Option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Wausau Paper Corp.)

Exercise After Optionee's Death. In the event of Termination of Service Employment by reason of the Optionee's death, this Option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii) by his estate or his designee by will to the extent this Option was exercisable by the Optionee immediately prior to his death, but only on or before prior to the first anniversary of the Optionee's death. In the event of the Optionee's death after he had incurred a Termination of Service Employment by reason of Disability or Retirement, this Option may be exercised in whole or in part by the Optionee's estate or his designee by will on or before prior to the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's death, but only to the extent this Option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Mid Wisconsin Financial Services Inc)

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's ’s death, this Option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii) by his estate or his designee by will to the extent this Option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's ’s death. In the event of the Optionee's ’s death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option may be exercised in whole or in part by the Optionee's ’s estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's ’s death, but only to the extent this Option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Performance Stock Option Agreement (Wausau Paper Corp.)

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's death, this Option option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii3(a)(ii) by his estate or his designee by will to the extent this Option option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's death. In the event of the Optionee's death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option option may be exercised in whole or in part by the Optionee's estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii3(a)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's death, but only to the extent this Option option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Wausau Paper Corp.)

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's ’s death, this Option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii3(_)(ii) by his estate or his designee by will to the extent this Option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's ’s death. In the event of the Optionee's ’s death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option may be exercised in whole or in part by the Optionee's ’s estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii3(a)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's ’s death, but only to the extent this Option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Wausau Paper Corp.)

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's death, this Option option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii) by his estate or his designee by will to the extent this Option option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's death. In the event of the Optionee's death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option option may be exercised in whole or in part by the Optionee's estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's death, but only to the extent this Option option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Wausau Mosinee Paper Corp)

Exercise After Optionee's Death. In the event of Termination of Service by reason of the Optionee's ’s death, this Option may be exercised in whole or in part prior to the Expiration Date specified in subparagraph 3(b)(ii3(a)(ii) by his estate or his designee by will to the extent this Option was exercisable by the Optionee immediately prior to his death, but only on or before the first anniversary of the Optionee's ’s death. In the event of the Optionee's ’s death after he had incurred a Termination of Service by reason of Disability or Retirement, this Option may be exercised in whole or in part by the Optionee's ’s estate or his designee by will on or before the first to occur of (i) the Expiration Date specified in subparagraph 3(b)(iii3(a)(iii) or (iv), as the case may be, and (ii) the first anniversary of the Optionee's ’s death, but only to the extent this Option was exercisable by the Optionee immediately prior to his death.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Wausau Paper Corp.)