Non-Assignability of the Option. (A) During the lifetime of the OPTIONEE, the OPTION shall not be assignable or transferable and may be exercised only by the OPTIONEE, or, if permissible under applicable law, by the OPTIONEE's guardian or legal representative or a transferee receiving the OPTION pursuant to a qualified domestic relations order ("QDRO"), as determined by the COMMITTEE.
Appears in 4 contracts
Samples: Stock Option Agreement (Dominion Homes Inc), Stock Option Agreement (Dominion Homes Inc), Stock Option Agreement (Dominion Homes Inc)
Non-Assignability of the Option. (A) During the lifetime of the OPTIONEE, the OPTION Option shall not be assignable or transferable and may be exercised only by the OPTIONEE, or, if permissible under applicable law, by the OPTIONEE's ’s guardian or legal representative or a transferee receiving the OPTION pursuant to a qualified domestic relations order ("QDRO")representative, as determined by the COMMITTEECOMPANY.
Appears in 4 contracts
Samples: Stock Option Agreement (Core Molding Technologies Inc), Stock Option Agreement (Core Molding Technologies Inc), Stock Option Agreement (Core Molding Technologies Inc)
Non-Assignability of the Option. (A) During the lifetime of the OPTIONEE, the OPTION shall not be assignable or transferable trans-ferable and may be exercised only by the OPTIONEE, or, if permissible under applicable law, by the OPTIONEE's guardian or legal representative or a transferee receiving the OPTION pursuant to a qualified domestic relations order ("QDRO"), as determined by the COMMITTEE.
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