Non-Transferability of Option. The Option shall not be transferable other than by will or by the laws of descent and distribution. During the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 17 contracts
Samples: Stock Option Agreement (American Card Technology Inc), Stock Option Agreement (American Card Technology Inc), Stock Option Agreement (American Card Technology Inc)
Non-Transferability of Option. The This Option shall not be transferable other by the Optionee otherwise than by will or by the laws of descent and distribution. During distribution and this Option shall be exercisable, during the Optionee's lifetime, only by the Optionee may exercise the OptionOptionee.
Appears in 11 contracts
Samples: Employment Agreement (Strategic Diagnostics Inc/De/), Option Agreement (Zwanziger Ron), Consulting Agreement (Designs Inc)
Non-Transferability of Option. The Option shall may not be transferable other than transferred except by will or by the laws of the descent and distributiondistribution nor may it be otherwise assigned, transferred, pledged, hypothecated or disposed of in any way (by operation of law or otherwise) and it shall not be subject to execution, attachment or similar process. During the lifetime of the Optionee, the Option may be exercised only by the Optionee or the Optionee's lifetime, only the Optionee may exercise the Optionduly appointed guardian or personal representative.
Appears in 6 contracts
Samples: Employment Agreement (American Science & Engineering Inc), Employment Agreement (American Science & Engineering Inc), Employment Agreement (American Science & Engineering Inc)
Non-Transferability of Option. The This Option shall not be transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, lifetime only by the Optionee may exercise the OptionOptionee.
Appears in 6 contracts
Samples: Employment Agreement (Interactive Flight Technologies Inc), Stock Option Agreement (Cirmaker Technology Corp), Stock Option Agreement (Cirmaker Technology Corp)
Non-Transferability of Option. The This Option shall not be transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, ’s lifetime only by the Optionee may exercise the Option.Optionee
Appears in 5 contracts
Samples: Stock Option Agreement (World of Tea), Stock Option Agreement (World of Tea), Stock Option Agreement (World of Tea)
Non-Transferability of Option. The This Option shall may not be transferable other transferred in any ----------------------------- manner otherwise than by will or by the laws of descent or distribution and distribution. During may be exercised during the lifetime of the Optionee only by the Optionee's lifetime. The terms of this Option shall be binding upon the executors, only administrators, heirs, successors and assigns of the Optionee may exercise the OptionOptionee.
Appears in 5 contracts
Samples: Stock Option Agreement (Teche Holding Co), Stock Option Agreement (Synergy Financial Group Inc /Nj/), Stock Option Agreement (Roebling Financial Corp, Inc.)
Non-Transferability of Option. The Option shall Except as set forth herein, this option may not be transferable other transferred in any manner otherwise than by will or by the laws of descent and distribution. During distribution and may be exercised during the Optionee's lifetime, only lifetime of the Optionee may exercise only by him. The terms of this option shall be binding upon the Optionbeneficiaries of Optionee.
Appears in 4 contracts
Samples: Stock Option and Agreement (Galacticomm Technologies Inc), Stock Option and Agreement (Galacticomm Technologies Inc), Stock Option and Agreement (Video Jukebox Network Inc)
Non-Transferability of Option. The This Option shall not be transferable other by the Optionee otherwise than by will or by the laws of descent and distribution. During This Option shall be exercisable during the Optionee's lifetime, ’s lifetime only by the Optionee may exercise the OptionOptionee.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Avalonbay Communities Inc), Employee Incentive Stock Option Agreement (Avalonbay Communities Inc), Incentive Stock Option Agreement (Avalonbay Communities Inc)
Non-Transferability of Option. The During the lifetime of the Optionee, this Option shall may only be exercised by the Optionee. This Option is not be transferable assignable or transferable, in whole or in part, other than by will or by the laws of descent and distribution. During the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Somerset Capital Partners), Exhibit Ix (Somerset Capital Partners), Non Qualified Stock Option Agreement (Grey Wolf Inc)
Non-Transferability of Option. The Option shall may be exercised during the lifetime of the Optionee only by the Optionee any may not be transferable transferred in any manner other than by will or by the laws of descent and distribution. During The terms of the Option shall be binding upon the executors, administrators, heirs and successors of the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 3 contracts
Samples: Non Statutory Stock Option Agreement (Ricex Co), Stock Option Agreement (Ricex Co), Non Statutory Stock Option Agreement (Ricex Co)
Non-Transferability of Option. The Option Options shall ----------------------------- not be transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, lifetime only the Optionee may exercise the Optionby him.
Appears in 3 contracts
Samples: Option Agreement (Advanced NMR Systems Inc), Option Agreement (Advanced NMR Systems Inc), Option Agreement (Advanced NMR Systems Inc)
Non-Transferability of Option. The This Option shall not be transferable other by the Optionee otherwise than by will or by the laws of descent and distribution. During distribution and this Option shall be exercisable, during the Optionee's lifetime, only by the Optionee may exercise the Optionor his legal representative.
Appears in 3 contracts
Samples: Employment Agreement (Strategic Diagnostics Inc/De/), Option Agreement (Ensys Environmental Products Inc /De/), Birkmeyer Richard C
Non-Transferability of Option. The Option shall not be transferable or assignable by the Optionee, other than by will or by the laws of descent and distribution. During , and shall be exercisable during the Optionee's lifetime, lifetime only by the Optionee may exercise the OptionOptionee.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Satx Inc), Incentive Stock Option Agreement (Internet Venture Group Inc), Incentive Stock Option Agreement (New Visual Corp)
Non-Transferability of Option. The Option shall This option may not be transferable other transferred by the Optionee otherwise than by will or by the laws of descent and distribution. During ; and during the Optionee's lifetime, lifetime this option may be exercised only the Optionee may exercise the Optionby him.
Appears in 3 contracts
Samples: Stock Option Agreement (Genome Therapeutics Corp), Stock Option Agreement (Genome Therapeutics Corp), Stock Option Agreement (Genome Therapeutics Corp)
Non-Transferability of Option. The This Option shall may not be transferable assigned or transferred other than by will or by the laws of descent and distribution. During distribution and may be exercised during the Optionee's lifetime, only lifetime of the Optionee may exercise the Optiononly by him.
Appears in 3 contracts
Samples: Stock Option Agreement (Home Bancshares Inc), Stock Option Agreement (Hunt J B Transport Services Inc), Stock Option Agreement (Hunt J B Transport Services Inc)
Non-Transferability of Option. The This Option shall may not be transferable other transferred in any ----------------------------- manner otherwise than by will or by the laws of descent or distribution and distributionmay be exercised during the lifetime of Optionee only by Optionee. During The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 3 contracts
Samples: Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc)
Non-Transferability of Option. The During the Optionee’s lifetime, the Option shall be exercisable only by the Optionee and shall not be transferable other than except in case of the death of the Optionee or by will or by the laws of descent and distribution. During the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 2 contracts
Samples: Stock Option Agreement (Research Solutions, Inc.), Genesis Biopharma (Genesis Biopharma, Inc)
Non-Transferability of Option. The This Option shall will not be transferable other by the Optionee otherwise than by will or by the laws of descent and distribution. During distribution and may be exercised, during the lifetime of the Optionee's lifetime, only by the Optionee may exercise or by the OptionOptionee’s guardian or legal representative.
Appears in 2 contracts
Samples: Non Statutory Stock Option Agreement (Adcare Health Systems Inc), Incentive Stock Option Agreement (Adcare Health Systems Inc)
Non-Transferability of Option. The Option shall is not be transferable other assignable or transferable, in whole or in part, by the Optionee, otherwise than by will or by the laws of descent and distribution. During the lifetime of the Optionee's lifetime, the Option shall be exercisable only by the Optionee may exercise or, in the Optionevent of his legal disability, by his legal representative. 7.
Appears in 2 contracts
Samples: Stock Option Agreement (Derma Sciences Inc), Stock Option Agreement (Derma Sciences Inc)
Non-Transferability of Option. The Option This option shall not be transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, lifetime only the Optionee may exercise the Optionby him.
Appears in 2 contracts
Samples: Option Agreement (Biopool International Inc), Biopool International Inc
Non-Transferability of Option. The (a) Except as provided in Section 5(b) below, this Option shall not be transferable other by Optionee otherwise than by will or by the laws of descent and distribution. During , and it shall be exercisable during the lifetime of Optionee only by Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 1 contract
Samples: Employment Agreement (Gliatech Inc)
Non-Transferability of Option. The Option option shall not be transferable other than by will or by the laws of descent and distribution. During the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 1 contract
Samples: Stock Option Agreement (American Card Technology Inc)
Non-Transferability of Option. The Option This option shall not be transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, lifetime only by the Optionee may exercise the OptionOptionee.
Appears in 1 contract
Non-Transferability of Option. The Option shall is not be transferable other than by will or by the laws of descent and distribution. During distribution and may be exercised only by the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 1 contract
Non-Transferability of Option. The This Option shall not be transferable ----------------------------- other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, lifetime only by the Optionee may exercise the OptionOptionee.
Appears in 1 contract
Samples: Employment Agreement (Interactive Flight Technologies Inc)
Non-Transferability of Option. The During the lifetime of the Optionee, only such Optionee or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall not be assignable or transferable by the Optionee to whom it is granted, other than by will or by the laws of descent and distribution. During the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Senseonics Holdings, Inc.)
Non-Transferability of Option. The During the lifetime of the Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall not be assignable or transferable by the Optionee to whom it is granted other than by will or by the laws of descent and distribution. During the Optionee's lifetime, only the Optionee may exercise the Option.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Senseonics Holdings, Inc.)
Non-Transferability of Option. The Option shall is not be transferable other than by will or by the laws of descent and distribution. During distribution and may be exercised during the Optionee's lifetime, lifetime only by the Optionee may exercise the OptionOptionee.
Appears in 1 contract
Non-Transferability of Option. The Option Options shall not be ----------------------------- transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, lifetime only the Optionee may exercise the Optionby him.
Appears in 1 contract
Non-Transferability of Option. The Option shall These Options may not be transferable other transferred in any manner otherwise than by will or by the laws of descent or distribution and distribution. During may be exercised during the lifetime of Optionee's lifetime, only by Optionee. The terms of this Option shall be binding upon the Optionee may exercise the Optionexecutors, administrators, heirs, successors and assigns of Optionee.
Appears in 1 contract
Non-Transferability of Option. The This Option shall not be transferable other by the Optionee otherwise than by will or by the laws of descent and distribution. During distribution and this Option shall be exercisable, during the Optionee's lifetime, only by the Optionee may exercise Optionee, or by the OptionOptionee's legal representative or guardian in the event of the Optionee's incapacity.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Brooktrout Inc)
Non-Transferability of Option. The This Option shall not be is non-transferable other than by Optionee except by will or by the laws of descent and distribution. During the distribution and shall be exercisable during Optionee's lifetime, lifetime only the Optionee may exercise the Optionby Optionee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Insituform Technologies Inc)
Non-Transferability of Option. The This Option shall not be transferable other than by will or by the laws of descent and distribution. During , and may be exercised during the Optionee's lifetime, Option Holder’s lifetime only the Optionee may exercise the Optionby him.
Appears in 1 contract
Non-Transferability of Option. The This Option shall not be transferable by Optionee other than by will or by the laws of descent and distribution. During the The Option, during Optionee's lifetime, shall only be exercisable by the Optionee may exercise the OptionOptionee.
Appears in 1 contract
Samples: Nview Corp
