Nonassignability. Options may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by Optionee. Any transfer by Optionee of any Option granted under the Plan or this Agreement shall void such Option and the Corporation shall have no further obligation with respect to such Option. No Option shall be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 21 contracts
Samples: Non Qualified Stock Option Agreement (Brazil Minerals, Inc.), Incentive Stock Option Agreement (Patriot Scientific Corp), Non Qualified Stock Option Agreement (Patriot Scientific Corp)
Nonassignability. Options The Option may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by OptioneeOptionee (except as may be permitted by this Agreement). Any transfer by Optionee of any the Option granted under the Plan or this Agreement shall void such Option and the Corporation Company shall have no further obligation with respect to such the Option. No The Option shall not be pledged or hypothecated in any way, nor shall any the Option be subject to execution, attachment or similar process.
Appears in 9 contracts
Samples: Stock Option Agreement (Global Clean Energy Holdings, Inc.), Stock Option Agreement (Global Clean Energy Holdings, Inc.), Option Agreement
Nonassignability. Options may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate successiondescent and distribution, and may be exercised during the lifetime of Optionee only by Optionee. Any transfer by Optionee of any Option granted under the Plan or this Agreement shall void such Option and the Corporation shall have no further obligation with respect to such Option. No Option shall be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 5 contracts
Samples: Incentive Stock Option Agreement (Mitek Systems Inc), Incentive Stock Option Agreement (Genius Products Inc), Incentive Stock Option Agreement (Akorn Inc)
Nonassignability. Options The Option may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by OptioneeOptionee (except as may be permitted by this Agreement). Any transfer by Optionee of any the Option granted under the Plan or this Agreement shall void such Option option and the Corporation Company shall have no further obligation with respect to such the Option. No The Option shall not be pledged or hypothecated in any way, nor shall any Option or otherwise be subject to execution, attachment or similar process.
Appears in 2 contracts
Samples: Stock Option Agreement (Kaching Kaching, Inc.), Stock Option Agreement (Kaching Kaching, Inc.)
Nonassignability. The Options may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by OptioneeOptionee (except as may be permitted by this Agreement). Any transfer by Optionee of any Option granted under the Plan or this Agreement shall void such Option and the Corporation Company shall have no further obligation with respect to such Option. No Option shall be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 2 contracts
Samples: Option Agreement, Stock Option Agreement (Global Clean Energy Holdings, Inc.)
Nonassignability. Options may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by Optionee. Any transfer by Optionee of any Option granted under the Plan or this Agreement shall void such Option and the Corporation Company shall have no further obligation with respect to such Option. No Option shall be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 2 contracts
Samples: Stock Option Agreement (Lixte Biotechnology Holdings, Inc.), Stock Option Agreement (Sensor System Solutions Inc)
Nonassignability. Options This Option may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by Optionee. Any transfer by Optionee of any part of this Option granted under other than by will or the Plan or this Agreement laws of intestacy shall void such Option Option, and the Corporation shall have no further obligation with respect to such the Option. No This Option shall not be pledged or hypothecated in any way, nor shall any the Option be subject to execution, attachment or similar process.
Appears in 2 contracts
Samples: Stock Option Agreement (Photomatrix Inc/ Ca), Stock Option Agreement (Photomatrix Inc/ Ca)
Nonassignability. Options may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee only by Optionee. Any transfer by Optionee of any Option granted under the Plan or this Agreement shall void such Option and the Corporation Company shall have no further obligation with respect to such Option. No Option shall be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 2 contracts
Samples: Stock Option Agreement (Lixte Biotechnology Holdings, Inc.), Stock Option Agreement (Lixte Biotechnology Holdings, Inc.)
Nonassignability. Options This Option may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of the Optionee only by the Optionee. Any transfer by the Optionee of any part of the Option granted under the Plan or this Agreement shall void such Option the Option, and the Corporation shall have no further obligation with respect to such the Option. No The Option shall not be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Patriot Scientific Corp)
Nonassignability. Options may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee Issuee only by OptioneeIssuee. Any transfer by Optionee Issuee of any Option granted under the Plan or this Agreement shall void such Option and the Corporation Company shall have no further obligation with respect to such Option. No Option shall be pledged or hypothecated in any way, nor shall any Option be subject to execution, attachment or similar process.
Appears in 1 contract
Samples: Stock Award Agreement (Wellness Matrix Group, Inc.)
Nonassignability. Options granted under this Plan may not be sold, pledged, assigned or transferred in any manner other than by will or by the laws of intestate succession, and may be exercised during the lifetime of Optionee an optionee only by Optioneesuch optionee. Any transfer by Optionee in violation of any Option granted under the Plan or this Agreement Section shall void such option and any Stock Option Agreement entered into by the optionee and the Corporation regarding such transferred option shall be void and have no further obligation with respect to such Optionforce or effect. No Option option shall be pledged or hypothecated in any way, nor shall any Option option be subject to execution, attachment or similar process.
Appears in 1 contract
