Nonassignability of Option. The Option is not assignable or transferable by the Awardee except by will or by the laws of descent and distribution. During the lifetime of the Awardee, only the Awardee or Awardee’s guardian or legal representative shall be entitled to exercise the Option.
Appears in 7 contracts
Samples: Stock Option Agreement (CommerceHub, Inc.), Stock Option Agreement (CommerceHub, Inc.), Stock Option Agreement (CommerceHub, Inc.)
