No Transfer of Option. The Option may not be transferred except by will or the laws of descent and distribution and may not be exercised during the lifetime of Optionee except by Optionee or Optionee's guardian or legal representative acting on behalf of Optionee in a fiduciary capacity under state law and court supervision.
Appears in 6 contracts
Samples: Incentive Stock Option Agreement (Point West Capital Corp), Incentive Stock Option Agreement (Point West Capital Corp), Incentive Stock Option Agreement (Point West Capital Corp)
No Transfer of Option. The Option may not be transferred by the Optionee except by will or the laws of descent and distribution and distribution. The Option may not be exercised during the Optionee's lifetime of Optionee except by the Optionee or or, in the event of the Optionee's legal incapacity, by his guardian or legal representative acting on behalf of Optionee in a fiduciary capacity on behalf of the Optionee under state law and court supervision.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Stimsonite Corp), Nonqualified Stock Option Agreement (Stimsonite Corp), Nonqualified Stock Option Agreement (Bibb Co /De)
