Domestic Relations Order. Notwithstanding subsection (a), to the extent this Option is a Non-Qualified Stock Option, the Option, in whole or in part, may be transferred to a Family Member pursuant to a domestic relations order in settlement of marital property rights. Following the transfer, the Option will continue to be subject to the same terms and conditions as were applicable immediately prior to the transfer, and will be exercisable by the transferee only to the extent, and for the periods specified in, this Agreement.
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Samples: Equity Incentive Plan Stock Option Agreement (Intrepid Potash, Inc.), Equity Incentive Plan Stock Option Agreement (Intrepid Potash, Inc.)
Domestic Relations Order. Notwithstanding subsection (athe foregoing Section 8(a), to the extent that this Option is a Non-Qualified Stock Option, the Option, in whole or in part, may be transferred to a Family Member pursuant to a domestic relations order in settlement of marital property rights. Following the any such transfer, the Option will shall continue to be subject to the same terms and conditions as were applicable immediately prior to the transfer, and will shall be exercisable by the transferee only to the extent, and for the periods specified in, this Agreement.
Appears in 2 contracts
Samples: Stock Option Agreement (Intrepid Potash, Inc.), Stock Option Agreement (Intrepid Potash, Inc.)
Domestic Relations Order. Notwithstanding subsection (a), to the extent this Option is a Non-Qualified Stock Option, the Option, in whole or in part, may be transferred Intrepid Potash, Inc. Stock Option Agreement to a Family Member pursuant to a domestic relations order in settlement of marital property rights. Following the transfer, the Option will continue to be subject to the same terms and conditions as were applicable immediately prior to the transfer, transfer and will be exercisable by the transferee only to the extent, and for the periods specified in, this Agreement.
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