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.

Appears in 2 contracts

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