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].
Appears in 5 contracts
Samples: Executive Employment Agreement (Braintech Inc), Employment Agreement (Braintech Inc), Employment Agreement (Braintech Inc)
