Nonassignability of NQO. This NQO is not assignable or transferable by Optionee except by will or by the laws of descent and distribution; provided, however, Optionee may transfer this NQO to Immediate Family in accordance with the terms of the Plan. Except to the extent transferred to Immediate Family, during the life of Optionee, the NQO is exercisable only by the Optionee. Any attempt to otherwise assign, pledge, transfer, hypothecate or dispose of this NQO in a manner not herein permitted, and any levy of execution, attachment, or similar process on this NQO, shall be null and void.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (PRA Health Sciences, Inc.), Non Qualified Stock Option Agreement (PRA Health Sciences, Inc.), Non Qualified Stock Option Agreement (PRA Health Sciences, Inc.)
