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).
Appears in 9 contracts
Samples: Non Qualified Stock Option Agreement (Florida Power & Light Co), Non Qualified Stock Option Agreement (Florida Power & Light Co), Non Qualified Stock Option Agreement (Florida Power & Light Co)
