Death Disability Contract Clauses (80)

Death Disability. Unless otherwise determined by the Board or Compensation Committee or by a written agreement: (a) If the holder of an Option or SAR ceases to be employed by the Company and all Related Corporations by reason of his death, any Options or SARs held by the optionee may be exercised to the extent he could have exercised it on the date of his death, by his estate, personal representative or beneficiary who has acquired the Options or SARs by will or by the laws of descent and distribution, at any tim...e prior to the earlier of: (i) the Options' or SARs' specified expiration date or (ii) one year (except three months for an ISO) from the date of death. (b) If the holder of an Option or SAR ceases to be employed by the Company and all Related Corporations, or a director or Director Advisor can no longer perform his duties, by reason of his Disability, any Options or SARs held by the optionee may be exercised to the extent he could have exercised it on the date of termination due to Disability until the earlier of (i) the Options' or SARs' specified expiration date or (ii) one year from the date of the termination. View More

Death Disability. If the Executive's employment is terminated by the Company by reason of death or, subject to the requirements of applicable law, Disability (as defined below), upon the Executive's date of termination or death, no payments shall be due under this Agreement, except that the Executive (or in the event of the Executive's death, the Executive's executor, legal representative, administrator or designated beneficiary, as applicable), shall be entitled to the Accrued Obligations. Subject to the Release... Requirement, the Executive (or the Executive's legal representative) shall be entitled to any unpaid Carve-Out Payments, paid at the time set forth in Section 3(b). View More

Death Disability. (a) Death. If an ISO optionee ceases to be employed by the Company and all Related Corporations by reason of such optionee's death, any ISO of such optionee may be exercised, to the extent of the number of shares with respect to which the optionee could have exercised on the date of the optionee's death, by the optionee's estate, personal representative or beneficiary who has acquired the ISO by will or by the laws of descent and distribution, at any time prior to the earlier of the specified ex...piration date of the ISO or one year from the date of the optionee's death. (b) Disability. If an ISO optionee ceases to be employed by the Company and all Related Corporations by reason of disability, such optionee (or such optionee's custodian) shall have the right to exercise any ISO held by such optionee on the date of termination of employment, to the extent of the number of shares with respect to which the optionee could have exercised on that date, at any time prior to the earlier of the specified expiration date of the ISO or one year from the date of the termination of the optionee's employment. For the purposes of the Plan, the term "disability" shall mean "permanent and total disability" as defined in Section 22(e)(3) of the Code or any successor statute. View More

Death Disability. (a) Death. Upon the death of the Optionee while the Optionee is maintaining a Business Relationship with the Company, this option may be exercised, to the extent otherwise exercisable on the date of the Optionee's death, by the Optionee's estate, personal representative or beneficiary to whom this option has been transferred pursuant to Section 10, only at any time within 180 days after the date of death, but not later than the scheduled expiration date. (b) Disability. If the Optionee ceases to... maintain a Business Relationship with the Company by reason of his or her disability, this option may be exercised, to the extent otherwise exercisable on the date of cessation of the Business Relationship, only at any time within 180 days after such cessation of the Business Relationship, but not later than the scheduled expiration date. For purposes hereof, "disability" means "permanent and total disability" as defined in Section 22(e)(3) of the Code. View More

Death Disability. (a) Death. Upon the death of the Optionee while the Optionee is maintaining a Business Relationship with the Company, vesting of unvested Options shall immediately cease. In such event, this Option may be exercised only as to any Options that are vested on the date of the Optionee's death, by the Optionee's estate, personal representative or beneficiary to whom this Option has been transferred pursuant to Section 10. and this Option may be exercised only on or prior to the Expiration Date. (b) D...isability. If the Optionee ceases to maintain a Business Relationship with the Company by reason of his or her disability, vesting of Options shall immediately cease; this Option may be exercised only as to any Options that are Vested on the date of termination of the Business Relationship; and this Option may be exercised only on or prior to the Expiration Date. For purposes hereof, "disability" means "permanent and total disability" as defined in Section 22(e)(3) of the Code. View More