Death. This Agreement and the Employee’s employment hereunder shall be terminated by the death of the Employee and all vested but unexercised Options shall remain exercisable by the Employee's designated beneficiary, or, in the absence of such designation, to the estate or other legal representative of the Employee, through the term of such Option.

Termination Due to Death. If Holder’s employment by or association with the Company terminates by reason of death, any unvested portion of the Option shall immediately vest and become exercisable subject to the terms of Section 4 of this Agreement. The Option may thereafter be exercised by the legal representative of the estate or by the legatee of the Holder under the will of the Holder, until the original expiration of the Exercise Period.

Death of Employee. If the Employee dies at a time when any portion of this Option is exercisable by him, this Option may be exercised as to such portion within one year after the date of death, by the person or persons to whom his rights under this Option shall have passed by will or by the laws of descent and distribution, but in no event later than the termination date of this Option.