Death Clause Example with 4 Variations from Business Contracts

Death. If the Optionee dies during his or her employment and prior to the Expiration Date, then or if the Optionee's employment is terminated for any reason (as described in Paragraphs 8 and 9) and the Optionee dies following his or her termination of employment but prior to the earlier of the Expiration Date or the expiration of the period determined under Paragraph 8 or 9, this Option may be exercised, to the extent of the number of shares with respect to which the Optionee could have exercised it on... the date of his or her death, or to any greater extent permitted by the Committee, in its discretion, by the Optionee's estate, personal representative representative, or beneficiary who acquired the right to exercise this Option by bequest or inheritance or by reason of the Optionee's death, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of his or her death, at any time prior to the earlier of (i) the Expiration Date Date, or (ii) one year three (3) months after the date of the Optionee's death. Any part of the Option that was not exercisable immediately before the Optionee's death shall terminate at that time. View More

Death. If the Optionee dies during the period of his or her services and prior to the Expiration Date, or if the Optionee's services are terminated for any reason (as described in Paragraphs 7 and 8) and the Optionee dies following his or her termination of services but prior to the earliest of (i) the Expiration Date, or (ii) the expiration of the period determined under Paragraph 7 or 8 (as applicable to the Optionee), then this Option may be exercised by the Optionee's estate, personal representativ...e or beneficiary who acquired the right to exercise this Option by bequest or inheritance or by reason of the Optionee's death, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of his or her death, at any time prior to the earlier of (i) the Expiration Date or (ii) one year after the date of the Optionee's death. Any part of the Option that was not exercisable immediately before the Optionee's death shall terminate at that time. View More

Death. If the Optionee dies prior to the Expiration Date, then this Option may be exercised by the Optionee's estate, personal representative or beneficiary who acquired the right to exercise this Option by bequest or inheritance or by reason of the Optionee's death, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of his or her death, at any time prior to the earlier of (i) the Expiration Date or (ii) one year after the date of the Opt...ionee's death. Any part of the Option that was not exercisable immediately before the Optionee's death shall terminate at that time. View More

Death. If the Optionee dies during his or her employment and prior to the Expiration Date, the Optionee's employment is terminated as of consequence of such death, then this the Option may be exercised by the Optionee's estate, personal representative or beneficiary who acquired the right to exercise this the Option by bequest or inheritance or by reason of the Optionee's death, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of his or... her death, at any time prior to within twelve months after the earlier of (i) Optionee's death, but in no event after the Expiration Date or (ii) one year after the date of the Optionee's death. Date. Any part of the Option that was not exercisable immediately before the Optionee's death shall terminate at that time. View More