Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.
Appears in 44 contracts
Samples: Stock Option Agreement (Murray United Development Corp), Stock Option Agreement (Room Plus Inc), Stock Option Agreement (Stan Lee Media Inc)
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's ’s lifetime only by the Grantee or his guardian or legal representative.
Appears in 10 contracts
Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Stock Option Agreement (Lucid Inc), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's ’s lifetime only by the Grantee or his her guardian or legal representative.
Appears in 7 contracts
Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)
Non-Transferable. The Grantee may not transfer this his Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.
Appears in 5 contracts
Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Stock Option Agreement (Imaging Diagnostic Systems Inc /Fl/)
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferredtransferable, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable exercised during the Grantee's lifetime only by the Grantee or his guardian or legal representative.
Appears in 2 contracts
Samples: Employment Agreement (Spacedev Inc), Employment Agreement (Spacedev Inc)
Non-Transferable. The Grantee may not only transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any other way, whether by operation of law or otherwise, and shall be exercisable vest only during the Grantee's lifetime lifetime. This Option may be exercised only by the Grantee during the term of optionee's employment or association with Company or by optionee's descendents when optionee fulfilled all plan obligations during his guardian or legal representativeher lifetime.
Appears in 1 contract
Samples: Stock Option Agreement (Versata Inc)
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distributiondistribution and may be exercised during the Grantee’s lifetime only by the Grantee or, in the event of the Grantee’s incapacity, by the Grantee’s guardian or legal representative. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.
Appears in 1 contract
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall cannot otherwise be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's ’s lifetime only by the Grantee or his the Grantee’s guardian or legal representative.
Appears in 1 contract
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's ’s lifetime only by the Grantee or his duly appointed guardian or legal representative.
Appears in 1 contract
Samples: Employee Stock Option Award Agreement (American Electric Technologies Inc)
Non-Transferable. The Grantee may not transfer this his Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's ’s lifetime only by the Grantee or his guardian or legal representative.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Basanite, Inc.)
Non-Transferable. The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.
Appears in 1 contract
