Common use of Termination of Service – Death or Disability Clause in Contracts

Termination of Service – Death or Disability. (a) Except as may be otherwise expressly provided in this Agreement, this Option shall terminate and any vested options at such termination shall no longer be exercisable as follows: (i) Upon termination of the Optionee's employment with the Company for cause; (ii) At the expiration of twelve (12) months from the date of the Optionee's resignation; (iii) At the expiration of twelve (12) months from the date of Optionee's termination of the Optionee's employment with the Company without cause, for any reason other than death; provided, that if the Optionee dies within such twelve-month period, subclause (iv) below shall also apply; or (iv) At the expiration of twelve (12) months after the date of death of the Optionee.