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.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (Nextera Energy Inc), Non Qualified Stock Option Agreement (FPL Group Inc), Non Qualified Stock Option Agreement (Florida Power & Light Co)
Non-Transferability of Stock Options. The Option granted hereunder to the Optionee shall not be transferable by the Optionee otherwise than by will 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.
Appears in 5 contracts
Samples: Stock Option Agreement (Wireless Holdings Inc), Stock Option Agreement (Wireless Holdings Inc), Independent Director Stock Option Agreement (H2Diesel Holdings, Inc)
Non-Transferability of Stock Options. The No Option granted hereunder to the Optionee shall not be transferable by the Optionee otherwise than by will 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.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Elizabeth Arden Inc), Incentive Stock Option Agreement (Elizabeth Arden Inc), Nonqualified Stock Option Agreement (Elizabeth Arden Inc)
Non-Transferability of Stock Options. The No Option granted hereunder to the Optionee shall not be transferable by the Optionee otherwise than by will 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; provided, however, that in the event of the Optionee's disability, his or her legal representative may exercise the Option on the Optionee's behalf.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Guardian International Inc)
