Exercise of the Option. Except as otherwise provided in this Agreement or in the Plan, the Option is exercisable only by the Optionee or his legal heirs and personal representatives; provided that the Company shall recognize nor be required to transfer record ownership of any shares to any person if such transfer would cause the termination of the Company's S Corp. election (if then in effect).
Appears in 22 contracts
Samples: Stock Option Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co)
Exercise of the Option. Except as otherwise provided in this Agreement thisAgreement or in the Plan, the Option is exercisable only by the Optionee or his legal heirs and personal representatives; provided that the Company shall recognize nor be required to transfer record ownership of any shares to any person if such transfer would cause the termination of the Company's S Corp. election (if then in effect).
Appears in 2 contracts
Samples: Stock Option Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co)
Exercise of the Option. Except as otherwise provided pro'c ided in this Agreement or in the Plan, the Option is exercisable only by the Optionee or his legal heirs and personal representatives; provided that the Company shall recognize nor be required to transfer record ownership of any shares to any person if such transfer would cause the termination of the Company's S Corp. election (if then in effect).
Appears in 2 contracts
Samples: Stock Option Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co)
Exercise of the Option. Except as otherwise provided in this Agreement or in the Plan, the Option is exercisable only by the Optionee or his legal heirs and personal representatives; ;. provided that the Company shall recognize nor be required to transfer record ownership of any shares to any person if such transfer would cause the termination of the Company's S Corp. election (if then in effect).
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