Common use of Exercises Clause in Contracts

Exercises. (a) Optionee may exercise some or all of the Options, to the extent exercisable, by paying the Option Price of the Options exercised and taking all other required actions in accordance with Section 5(b). The Options may be exercised only by Optionee or his or her guardian or legal representative during his or her lifetime, and only by Optionee’s Post-Death Representatives after Optionee’s death. The term “Post-Death Representatives” means the executor or administrator of Optionee’s estate or the person or persons to whom Optionee’s rights under this Agreement shall pass by his or her will or the laws of descent and distribution.

Exercises. (a) Optionee may exercise some or all of the Options, to the extent exercisable, by paying the Option Price of the Options exercised and taking all other required actions in accordance with Section 5(b). The Options may be exercised only by Optionee or his or her guardian or legal representative during his or her lifetime, and only by Optionee’s Post-Death Representatives after Optionee’s death. The term “"Post-Death Representatives” " means the executor or administrator of Optionee’s 's estate or the person or persons to whom Optionee’s 's rights under this Agreement shall pass by his or her will or the laws of descent and distribution.

Exercises. (a) Optionee may exercise some or all of the Options, to the extent exercisable, by paying the Option Price of the Options exercised and taking all other required actions in accordance with Section 5(b). The Options may be exercised only by Optionee or his or her guardian or legal representative during his or her lifetime, and only by Optionee’s 's Post-Death Representatives after Optionee’s 's death. The term “"Post-Death Representatives” " means the executor or administrator of Optionee’s 's estate or the person or persons to whom Optionee’s 's rights under this Agreement shall pass by his or her will or the laws of descent and distribution.