ASSIGNABILITY OF OPTIONS. The Options may be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of (collectively, a "Transfer"), in whole or in part, either voluntarily or involuntarily, provided that in the opinion of the Company's counsel or counsel to the Optionee (in either case at the expense of Optionee) such Transfer may be made in compliance with applicable federal, state, or other securities laws.
ASSIGNABILITY OF OPTIONS. No Option granted pursuant to this Agreement may be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of, in whole or in part, either voluntarily or involuntarily, except with the prior written consent of the Company, and such Option may be exercised, during the lifetime of the Employee, only by Employee. Any attempted assignment, transfer, pledge, hypothecation, sale or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the Option, shall be null and void and without effect.
ASSIGNABILITY OF OPTIONS. The Options may not be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of, in whole or in part, either voluntarily or involuntarily, except with the prior written consent of the Company.
ASSIGNABILITY OF OPTIONS. Dakota may assign either or both of the Options in whole or part in its sole discretion. Dakota may designate in an Exercise Notice any Person or Persons to take title to all or any part of the Common Stock and Separated Rights, if any, being purchased in connection with the exercise described in such Exercise Notice.
ASSIGNABILITY OF OPTIONS. Subject to the terms and conditions of the Plan, the Optionee may transfer the Options to a revocable inter vivos trust, of which the Optionee is the settlor, or may transfer the Options to any member of the Optionee’s immediate family, any trust, whether revocable or irrevocable, established solely for the benefit of the Optionee’s immediate family, or any partnership or limited liability company whose only partners or members are members of the Optionee’s immediate family (“Permissible Transferees”). Any Options transferred to a Permissible Transferee will continue to be subject to all of the terms and conditions that applied to the Options before the transfer and to any other rules prescribed by the Committee. A Permissible Transferee may not retransfer the Options except by will or the laws of descent and distribution and then only to another Permissible Transferee. Except as described in the preceding paragraph, the Optionee may not transfer the Options except by will or by the laws of descent and distribution. If the Optionee dies, the person or persons entitled to exercise the unexercised portion of the Options will be determined in accordance with the provisions of the Plan.
ASSIGNABILITY OF OPTIONS. 13 The AUTHORITY may assign all or a portion of the vehicle options to another entity.
ASSIGNABILITY OF OPTIONS. Options shall not be assignable or otherwise transferable by the Optionee except by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code of 1986, as amended or Title I of the Employee Retirement Income Security Act, or the rules thereunder. Except as otherwise set forth herein, the Options shall only be exercised by the Optionee. Notwithstanding the foregoing, the Option may be transferred to a Permitted Transferee (as defined below), subject to the following conditions:
ASSIGNABILITY OF OPTIONS. The Options granted herein to Investor are non-assignable and any attempted assignment of all or any part of the Options by Investor shall be null and void and shall cause the Options to terminate automatically without notice except that Investor shall have the right, upon written notice to the Company, to assign this Agreement to (i) an entity
ASSIGNABILITY OF OPTIONS. An Option issued pursuant to this Agreement may not be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of, in whole or in part, either voluntarily or involuntarily, except as hereinafter provided, and the Option may be exercised, during the lifetime of an Principal, only by him. Any attempted assignment, transfer, pledge, hypothecation, sale or other disposition of an Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon an Option, shall be null and void and without effect. Notwithstanding the foregoing, Principal should die prior to the earlier of the expiration of this Agreement or the exercise in full of the Option, then the Option may be exercised by the Investor's executors or administrators. The Option, to the extent not so exercised, shall forthwith terminate.
ASSIGNABILITY OF OPTIONS. Options shall not be assignable or otherwise transferable by the Optionee except by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code of 1986, as amended or Title I of the Employee Retirement Income Security Act, or the rules thereunder. Except as otherwise set forth herein, the Options shall only be exercised by the Optionee. Notwithstanding the foregoing, the Option may be transferred to a Permitted Transferee (as defined below), subject to the following conditions:
(i) The Option may be exercised by the Permitted Transferee only to the same extent as the Optionee would have been entitled to exercise such Option and shall remain subject to all of the terms and conditions that would apply to the Options under the provisions of the Plan and the Agreement, as if the Optionee had not transferred the Option to the Permitted Transferee. Without limitation, the terms in the Option with respect to vesting, or to the exercise of the Option upon termination of employment, death or disability shall continue to be in effect and shall be controlled by the status of the Optionee with the Company, and not any Permitted Transferee.
(ii) Subsequent transfers of any transferred Option (or any part thereof) including sale, assignment, pledge or other transfer shall be prohibited except by will or the laws of descent and distribution.
(iii) The Company shall no obligation to notify the Permitted Transferee of the expiration or early termination of the Option.
