Non-Transferability of Stock Options. The Option granted hereunder to the Optionee shall not be transferable by the Optionee otherwise than by will or by the laws of descent and distribution, and such Option shall be exercisable, during the lifetime of the Optionee, only by the Optionee.
Non-Transferability of Stock Options. Except as provided in Section 9.3 of the Plan regarding certain limited transferability of Stock Options with the Committee's approval, Stock Options shall be transferable only by will or the laws of descent and distribution; however, no such transfer of the Stock Options by the Participant shall be effective to bind the Company unless the Company shall have been furnished with written notice of such transfer and an authenticated copy of the will and/or such other evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee of the terms and conditions of such Option.
Non-Transferability of Stock Options. The Option granted hereunder to the Grantee shall not be assignable or transferable by the Grantee otherwise than by will or the laws of descent and distribution, and such Option shall be exercisable, during the lifetime of the Grantee, only by the Grantee (or, in the event of the Grantee's legal incapacity or incompetency, the Grantee's guardian or legal representative).
Non-Transferability of Stock Options. A Bonus Stock Option granted under this Bonus Plan will, by its terms, be non-transferable by the Bonus Stock Option holder other than by will or by the laws of descent and distribution and will be exercisable during his lifetime only by the Bonus Stock Option holder [or heirs].
Non-Transferability of Stock Options. This Stock Option is not ------------------------------------ assignable or transferable by the Participant other than by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code of 1986, as amended, or the Employee Retirement Income Security Act of 1974, as amended, or the regulations thereunder.
Non-Transferability of Stock Options. Your stock options and related rights are not transferable except by the laws of descent and distribution.
Non-Transferability of Stock Options. The Stock Option and, prior to exercise, the Shares issuable upon exercise of the Stock Option, shall not be transferable by the Optionee otherwise than by will, or by the laws of descent and distribution, and the Stock Option shall be exercisable, during the Optionee’s lifetime, only by the Optionee, or by the Optionee’s legal representative or guardian in the event of the Optionee’s incapacity. Notwithstanding the foregoing, the Optionee may transfer by gift, without consideration for the transfer, his or her Non-Qualified Stock Options to his or her family members (as defined in Rule 701 of the Securities Act), to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners (to the extent such trusts or partnerships are considered “family members” for purposes of Rule 701 of the Securities Act), provided that the transferee agrees in writing with the Company to be bound by all of the terms and conditions of this Agreement, including the execution of a stock power upon the issuance of Shares. The Stock Option, and the Shares issuable upon exercise of the Stock Option, shall be restricted as to any pledge, hypothecation, or other transfer, including any short position, any “put equivalent position” (as defined in the Exchange Act) or any “call equivalent position” (as defined in the Exchange Act) prior to exercise.
Non-Transferability of Stock Options. The Option may not be transferred by the Optionee other than by will or the laws of descent and distribution or pursuant to beneficiary designation procedures approved by the Company. Except to the extent permitted by the foregoing sentence, during the Optionee's lifetime the Option is exercisable only by the Optionee or the Optionee's Legal Representative. Except to the extent permitted by the foregoing, the Option may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Option, the Option and all rights hereunder shall immediately become null and void.
Non-Transferability of Stock Options. Your stock options and related rights are not transferable except by the laws of descent and distribution. EXERCISING YOUR VESTED STOCK OPTIONS. • Once your options vest, they are available for you to exercise (purchase Spansion common stock at the exercise price) until they expire or terminate, whichever is earlier. Your final opportunity to exercise your vested options is the earlier of the last regular trading day of the Company on or before the expiration date of the options, or the last regular trading day of the Company on or before the options terminate in the case of an earlier termination of the options. • You may not exercise an option for a fractional share of stock. • The options, or any part thereof, shall be exercisable by your signing and returning to the Company or its agent a notice of exercise in a form approved by the Company, together with payment of the aggregate purchase price, including any applicable tax withholdings, in accordance with the provisions of the Plan. • In connection with the issuance of shares upon the exercise of any of the options, you agree to sign any and all documents required by law and/or the Company. • After an executed notice of exercise has been delivered to the Company or its agent, you may not rescind or revise it. TAX PAYMENT. • You agree to be solely responsible for paying any and all taxes arising from the grant or exercise of any option, from the payment for shares covered by this option, or from any other event or act (of the Company, and/or its subsidiaries or affiliates, or you) relating to the options or shares issued upon exercise of options. The Company and/or its subsidiaries or affiliates, and/or the Trustee shall withhold taxes according to the requirements under the applicable laws, rules, and regulations, including withholding taxes at source. • Furthermore, you agree to indemnify the Company and/or its subsidiaries and affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to you for which you are responsible. • The Company or any of its subsidiaries or affiliates and the Trustee may make such provisions and take such steps as it/they may deem necessary or appropriate for the withholding of all taxes required by law to be withheld with respect to options granted under the ...
Non-Transferability of Stock Options. No Stock Option under this Plan, and no right or interests therein, shall be assignable or transferable by a Participant except by will or the laws of descent and distribution. During the lifetime of a Participant, Stock Options are exercisable only by, and payments in settlement of Stock Options will be payable only to, the Participant or his or her legal representative.
