Common use of Persons Entitled to Exercise Clause in Contracts

Persons Entitled to Exercise. The Option, to the extent then exercisable, may be exercised prior to the expiration of the Option Period: (a) except as provided below or in the Plan, only by you during your lifetime; (b) in the event of your death while in the employment of an Employer, by the executor or other legal representative of your estate; and (c) in the event of your Disability, by you or by your legal representative. Any exercise of the Option by your legal representative or by the executor or other legal representative of your estate shall be subject to all of the terms and conditions of this Agreement and of the Plan and shall entitle such representative to no greater part of the Optioned Shares than you could have acquired if you had exercised the Option at the time of termination of employment with an Employer by reason of your death or Disability.

Persons Entitled to Exercise. The Option, to the extent then exercisable, may be exercised prior to the expiration of the Option Period: (a) except as provided below or in the Plan, only by you during your lifetime; (b) in the event of your death while in the employment an Eligible Director of an Employer, by the executor or other legal representative of your estate; and (c) in the event of your Disability, by you or by your legal representative. Any exercise of the Option by your legal representative or by the executor or other legal representative of your estate shall be subject to all of the terms and conditions of this Agreement and of the Plan and shall entitle such representative to no greater part of the Optioned Shares than you could have acquired if you had exercised the Option at the time of termination of employment Service with an Employer by reason of your death or Disability.