Nonassignability of Option Rights. Except as otherwise determined by the Administrator and expressly set forth in the Option Agreement, no Option granted under this Plan shall be assignable or otherwise transferable by the Optionee except by will or by the laws of descent and distribution. During the life of the Optionee, except as otherwise determined by the Administrator and expressly set forth in the Option Agreement, an Option shall be exercisable only by the Optionee.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (ConforMIS Inc), Nonqualified Stock Option Agreement (ConforMIS Inc), Incentive Stock Option Agreement (ConforMIS Inc)
Nonassignability of Option Rights. Except as otherwise determined by the Administrator and expressly set forth in the Option Agreement, no Option No option granted under this the Plan shall be assignable or otherwise transferable by the Optionee optionee except by will or by the laws of descent and distribution. During the life of the Optioneean optionee, except as otherwise determined by the Administrator and expressly set forth in the Option Agreement, an Option his or her option shall be exercisable only by the Optioneehim or her.
Appears in 1 contract
Samples: Acquisition Agreement (CBQ Inc)
