Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 27 contracts
Samples: Stock Option Agreement (Infinite Group Inc), Stock Option Agreement (Infinite Group Inc), Stock Option Agreement (Infinite Group Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, the Option shall be exercisable only by the Optionee.
Appears in 10 contracts
Samples: Nonqualified Stock Option Agreement (Telemundo Group Inc), Nonqualified Stock Option Agreement (Telemundo Group Inc), Nonqualified Stock Option Agreement (Telemundo Group Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable the Option may be exercised, during the lifetime of the Optionee Optionee, only by the Optionee.
Appears in 10 contracts
Samples: Incentive Stock Option Agreement (Lifecore Biomedical Inc), Employment Agreement (RTW Inc /Mn/), Employment Agreement (RTW Inc /Mn/)
Non-Transferability. This option The Option shall not be transferable by the Optionee other otherwise ------------------- than by will or by the laws of descent or and distribution, and is exercisable the Option may be exercised during the lifetime of the Optionee only by the Optionee.
Appears in 10 contracts
Samples: Non Qualified Stock Option Agreement (Diamond Brands Inc), Non Qualified Stock Option Agreement (Diamond Brands Operating Corp), Non Qualified Stock Option Agreement (Diamond Brands Operating Corp)
Non-Transferability. This option shall Option may not be transferable by the Optionee other than assigned or transferred except by will or by the laws of descent or and distribution, and is exercisable may be exercised only by Optionee during the Optionee’s lifetime of and after the Optionee only Optionee’s death, by the Optionee’s personal representative or by the person entitled thereto under the Optionee’s will or the laws of intestate succession.
Appears in 8 contracts
Samples: Non Qualified Stock Option Agreement (KwikClick, Inc.), Incentive Stock Option Agreement (KwikClick, Inc.), Non Qualified Stock Option Agreement (Sigma Labs, Inc.)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this option shall be exercisable only by the such Optionee.
Appears in 8 contracts
Samples: Consulting Agreement (Hypertension Diagnostics Inc /Mn), Consulting Agreement (Hypertension Diagnostics Inc /Mn), Employment Agreement (Hypertension Diagnostics Inc /Mn)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 7 contracts
Samples: Incentive Stock Option Agreement (Infinite Group Inc), Incentive Stock Option Agreement (Infinite Group Inc), Incentive Stock Option Agreement (Infinite Group Inc)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 7 contracts
Samples: Incentive Stock Option Agreement (Manhattan Bridge Capital, Inc), Incentive Stock Option Agreement (Dag Media Inc), Stock Option Agreement (Hertz Technology Group Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by Optionee. The terms of this agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Optionee.
Appears in 6 contracts
Samples: Stock Option Award Agreement (MTM Technologies, Inc.), Employment Agreement (MTM Technologies, Inc.), Employment Agreement (MTM Technologies, Inc.)
Non-Transferability. This option The Option herein granted shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable may be exercised during the lifetime life of the Optionee only by the Optionee.
Appears in 6 contracts
Samples: Stock Option Agreement (Globus International Resources Corp), Individual Stock Option Grant Agreement (Globus International Resources Corp), Individual Stock Option Grant (Globus International Resources Corp)
Non-Transferability. This option Option shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or distributionto a Beneficiary, and is exercisable during the lifetime of the Optionee Optionee, this Option may be exercised only by the Optionee.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Barnes Group Inc), Non Qualified Stock Option Agreement (Barnes Group Inc), Non Qualified Stock Option Agreement (Barnes Group Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Overseas Shipholding Group Inc), Nonqualified Stock Option Agreement (Overseas Shipholding Group Inc), Nonqualified Stock Option Agreement (Overseas Shipholding Group Inc)
Non-Transferability. This option shall The Option is not be assignable or transferable by the Optionee other Optionee, either voluntarily or by operation of law, otherwise than by will or by the laws of descent or and distribution, and is exercisable exercisable, during the lifetime of the Optionee Optionee's lifetime, only by the Optionee.
Appears in 5 contracts
Samples: Equity Option Agreement (Paperexchange Com Inc), Non Qualified Stock Option Agreement (Saxton Inc), Stock Option Agreement (H Power Corp)
Non-Transferability. This option shall Option may not be transferable transferred or assigned in any manner by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee may be exercised only by the OptioneeOptionee during his lifetime.
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Nci Building Systems Inc), Incentive Stock Option Agreement (Nci Building Systems Inc), Incentive Stock Option Agreement (Nci Building Systems Inc)
Non-Transferability. This option During the lifetime of the Optionee, the Option shall be exercisable only by him and shall not be assignable or transferable by him, and no other person shall acquire any rights therein, the Option being transferable by the Optionee other than only by will or by the laws of descent or dissent and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 4 contracts
Samples: Director Stock Option Agreement (Premier Research Worldwide LTD), Director Stock Option Agreement (Premier Research Worldwide LTD), Director Stock Option Agreement (Premier Research Worldwide LTD)
Non-Transferability. This option The Option shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable or according to Section 5(f)(ii) of the Plan. The Option may be exercised, during the lifetime of the Optionee Optionee, only by the Optionee.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (M Wave Inc), Non Qualified Stock Option Agreement (M Wave Inc), Non Qualified Stock Option Agreement (M Wave Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, the Option shall be exercisable only by the Optionee or the Optionee's personal representative.
Appears in 4 contracts
Samples: Stock Option Agreement (Radioshack Corp), Incentive Stock Option Agreement (Osullivan Industries Holdings Inc), Nonqualified Stock Option Agreement (Osullivan Industries Holdings Inc)
Non-Transferability. This option shall The Option may not be transferable transferred by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 4 contracts
Samples: Stock Option Agreement (Matrix Service Co), Stock Option Agreement (Matrix Service Co), Nonqualified Stock Option Agreement (Tetra Technologies Inc)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, distribution and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 4 contracts
Samples: Stock Option Agreement (Marimed Inc.), Stock Option Agreement (Infinite Group Inc), Consolidation and Modification Agreement (Infinite Group Inc)
Non-Transferability. This option shall An Option is not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable may be exercised during the lifetime of the Optionee only by the Optionee.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Corning Inc /Ny), Non Qualified Stock Option Agreement (Corning Inc /Ny)
Non-Transferability. This option shall may not be transferable transferred by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee is exercisable only by the Optioneehim (or his legal representative).
Appears in 3 contracts
Samples: Stock Option Agreement (Mounger Corp), Stock Option Agreement (Mounger Corp), Stock Option Agreement (Mounger Corp)
Non-Transferability. This option The Option shall not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, the Option shall be exercisable only by the Optioneehim.
Appears in 3 contracts
Samples: Option Agreement (Bion Environmental Technologies Inc), Non Qualified Stock Option Agreement (Bion Environmental Technologies Inc), Non Qualified Stock Option Agreement (Bion Environmental Technologies Inc)
Non-Transferability. This option shall Option is not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this Option shall be exercisable only by the Optioneehim.
Appears in 3 contracts
Samples: Employment Agreement (MLC Holdings Inc), Employment Agreement (MLC Holdings Inc), Employment Agreement (MLC Holdings Inc)
Non-Transferability. This option shall The Option may not be transferable transferred by the Optionee other separately or otherwise than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 3 contracts
Samples: Stock Option Agreement (Lufkin Industries Inc), Employment Agreement (Lufkin Industries Inc), Incentive Stock Option Agreement (Geoscience Corp)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, the Option shall be exercisable only by the Optionee or the Optionee’s personal representative.
Appears in 3 contracts
Samples: Employment Agreement (Radioshack Corp), Stock Option Agreement (Radioshack Corp), Termination Protection Agreement (Radioshack Corp)
Non-Transferability. This option shall may not be transferable transferred or assigned in any manner by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee may be exercised only by the OptioneeOptionee during his lifetime.
Appears in 2 contracts
Samples: Stock Option Agreement (Nci Building Systems Inc), Stock Option Agreement (Nci Building Systems Inc)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or distributionand distribution and, and is during Optionee’s lifetime, shall not be exercisable during the lifetime of the Optionee only by the any person other than Optionee.
Appears in 2 contracts
Samples: Stock Option Agreement (SentiSearch, Inc.), Stock Option Agreement (SentiSearch, Inc.)
Non-Transferability. This option Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this Option shall be exercisable only by the Optionee (or by the Optionee's duly appointed guardian or legal representative).
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Unity Bancorp Inc /De/), Non Qualified Stock Option Agreement (Unity Bancorp Inc /De/)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of Optionee, the Optionee Option shall be exercisable only by Optionee. Optionee shall not pledge, hypothecate or otherwise encumber or permit any liens to attach to the OptioneeOption.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Iat Multimedia Inc), Non Qualified Stock Option Agreement (Spigadoro Inc)
Non-Transferability. This option The Option granted hereunder shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable may be exercised, during the lifetime of the Optionee Optionee, only by the OptioneeOptionee or by his guardian or legal representative.
Appears in 2 contracts
Samples: Stock Option Agreement (Meyer Edward H), Stock Option Agreement (Meyer Edward H)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this option shall be exercisable only by the Optioneehim/her.
Appears in 2 contracts
Samples: Master Transaction Agreement (Meritage Corp), Employment Agreement (Meritage Corp)
Non-Transferability. This option shall is not be transferable by the Optionee other than Optionee, except by will or by the laws of descent or and distribution, and is exercisable during the Optionee's lifetime of the Optionee only by the Optionee.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Ydi Wireless Inc), Non Qualified Stock Option Agreement (Ydi Wireless Inc)
Non-Transferability. This The option hereby granted shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable an Option may be exercised during the lifetime of the Optionee only by the Optioneehim.
Appears in 1 contract
Non-Transferability. This option shall not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of an optionee, the Optionee option is exercisable only by the Optioneeoptionee except otherwise provided in Section 4(F) (2) of the Plan. Any transfer in violation hereof shall be void and of no effect and shall terminate this Option.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Atlantic Data Services Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is the Option shall be exercisable during the lifetime of the Optionee Optionee's lifetime, only by the Optionee.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Minntech Corp)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during Optionee’s lifetime the Option shall be exercised only by Optionee and only during the lifetime continuance of Optionee’s employment, except as may otherwise be provided under the Optionee only by the OptioneeICP.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (CVS Caremark Corp)
Non-Transferability. This option The Options shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Non-Transferability. This option The Option shall not be transferable by the Optionee other ------------------- than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of Optionee, the Optionee Option shall be exercisable only by the Optionee or Optionee's guardian or authorized representative.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Alabama National Bancorporation)
Non-Transferability. This option shall is not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this option shall be exercisable only by the Optioneehim.
Appears in 1 contract
Non-Transferability. This option shall The Option is not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, the Option may be exercised only by the Optionee.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Arrow Electronics Inc)
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Non-Transferability. This option The Options shall not be transferable by the Optionee other than except by will or by the laws of descent or and distribution, and is exercisable during the Optionee’s lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Samples: Employee Stock Option Agreement (Central European Media Enterprises LTD)
Non-Transferability. This option Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this Option shall be exercisable only by the OptioneeOptionee or by his or her guardian or legal representative.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Peapack Gladstone Financial Corp)
Non-Transferability. During the lifetime of Optionee, this Option shall be exercisable only by Optionee. This option Option shall not be assignable or transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.,
Appears in 1 contract
Samples: Assumption Agreement (Maxim Integrated Products Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or distributionand distribution in accordance with the provisions of this Agreement, and is exercisable the Option may be exercised, during the lifetime of the Optionee Optionee, only by the Optionee.
Appears in 1 contract
Non-Transferability. This option shall may not be transferable transferred or assigned in any manner by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee may be exercised only by the OptioneeOptionee during his lifetime or as provided in Section 8.
Appears in 1 contract
Samples: Merger Agreement (Tyler Corp /New/)
Non-Transferability. This option The Option shall not be transferable by the Optionee other other- wise than by will or by the laws of descent or and distribution, and is exercisable the Option may be exercised, during the lifetime of the Optionee Optionee, only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of Optionee.
Appears in 1 contract
Samples: Stock Option Agreement (Worldwide Wireless Networks Inc)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is the Option shall be exercisable during the lifetime of the Optionee only by the Optionee during the Optionee’s lifetime; provided, however, that the transfer of the Option for estate planning purposes shall be allowed in accordance with applicable law.
Appears in 1 contract
Non-Transferability. This option shall The Option granted herein is not be assignable or transferable by the Optionee other than by will or by the laws of descent or distributionand distribution and may be exercised, and is exercisable during the lifetime of the Optionee Optionee’s lifetime, only by the Optionee.
Appears in 1 contract
Non-Transferability. This option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by the Optioneeonly.
Appears in 1 contract
Samples: Stock Option Agreement (Milestone Scientific Inc/Nj)
Non-Transferability. This option shall Option is not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this Option shall be exercisable only by the Optionee.
Appears in 1 contract
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution. The Option may be exercised, and is exercisable during the lifetime of the Optionee Optionee, only by the Optionee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (US BioEnergy CORP)
Non-Transferability. This option shall The Option is not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable exercisable, during the lifetime of the Optionee Optionee’s lifetime, only by the Optionee, or, in the event of the Optionee’s disability, by the Optionee’s legal representative.
Appears in 1 contract
Non-Transferability. This option The Option shall not be transferable by the Optionee other otherwise than by will or by the laws of descent or distributionand distribution in accordance with the provisions of this Agreement, and is exercisable the Option may be exercised during the lifetime of the Optionee Optionee, only by the Optionee.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Bionebraska Inc)
Non-Transferability. This option Option shall not be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Non-Transferability. This option Option shall be exercisable only by the Optionee during the Optionee’s lifetime and shall not be assignable or transferable by the Optionee other than by will or by the laws of descent or and distribution, and is exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Non-Transferability. This option shall Option is not be transferable by the Optionee Optionee, either voluntarily or by operation of law, other than by will or by the laws of descent or distribution, and distribution and is exercisable during the his lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Diagnostic Products Corp)
Non-Transferability. This option The Option shall not be transferable by the Optionee other than by will Will or by the laws of descent or distribution, and is distribution and may be exercisable during the Optionee's lifetime of the Optionee only by the Optioneehim or his guardian or legal representative.
Appears in 1 contract
Non-Transferability. This option shall Option may not be transferable by the Optionee transferred in any ------------------- manner other than by will or by the laws of descent or and distribution, and is exercisable may be exercised during the lifetime of the Optionee only by that individual. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Appears in 1 contract
Non-Transferability. This option The Options shall not be transferable by the Optionee other than by will or by the laws of descent or and distribution, and is are exercisable during the lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Non-Transferability. This option The Option shall not be transferable by the Optionee other than except by will or by the laws of descent or distribution, and is distribution and shall be exercisable during the lifetime of the Optionee only by the OptioneeOptionee or his or her guardian or legal representative.
Appears in 1 contract
Non-Transferability. This option shall not No Option may be transferable by the Optionee other transferred in any manner otherwise than by will or by the laws of descent or distribution, and is exercisable distribution and such Option may be exercised during the lifetime life of the Optionee only by the Optioneehim or her.
Appears in 1 contract
Samples: Stock Option Grant Agreement (Midcarolina Financial Corp)
Non-Transferability. This option shall Option is not be assignable or transferable by the Optionee other otherwise than by will or by the laws of descent or and distribution, and is exercisable during . During the lifetime of the Optionee Optionee, this Option shall be exercisable only by the Optionee or the Optionee’s guardian or legal representative.
Appears in 1 contract
