Common use of Non-Assignability of Option Clause in Contracts

Non-Assignability of Option. The OPTION shall not be assignable or otherwise transferable by the OPTIONEE except by will or by the laws of descent and distribution. The OPTION may not be exercised during the lifetime of the OPTIONEE except by him, his guardian or legal representative.

Appears in 10 contracts

Samples: Stock Option Agreement (Barry R G Corp /Oh/), Stock Option Agreement (Barry R G Corp /Oh/), Stock Option Agreement (Rurban Financial Corp)

AutoNDA by SimpleDocs

Non-Assignability of Option. The OPTION shall not be assignable or otherwise transferable by the OPTIONEE except by will or by the applicable laws of descent and distribution. The OPTION may not be exercised during During the lifetime of the OPTIONEE, the OPTION may only be exercised by the OPTIONEE except by him, his or the OPTIONEE's guardian or legal representative.

Appears in 1 contract

Samples: Stock Option Agreement (Barry R G Corp /Oh/)

AutoNDA by SimpleDocs

Non-Assignability of Option. The OPTION shall not be assignable or otherwise transferable by the OPTIONEE except by will or by the laws of descent and distribution. The OPTION may not be exercised during the lifetime of the OPTIONEE except by him, his guardian or legal representative.may

Appears in 1 contract

Samples: Stock Option Agreement (Barry R G Corp /Oh/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!