Nontransferability; Death or Disability of Optionee. This option shall not be transferable except by will, by the applicable laws of descent and distribution, by instrument to an inter vivos or testamentary trust in which the options are to be passed to beneficiaries upon the death of the trustor (settlor), or by given to "immediate family" as that term is defined in 17 C.F.R.
Appears in 9 contracts
Samples: Plumas Bancorp Nonqualified Stock Option Agreement (Plumas Bancorp), Nonqualified Stock Option Agreement (Plumas Bancorp), Nonqualified Stock Option Agreement (Plumas Bancorp)
Nontransferability; Death or Disability of Optionee. This option shall not be transferable except by will, will or by the applicable laws of descent and distribution, by instrument to an inter vivos or testamentary trust in which the options are to be passed to beneficiaries upon the death of the trustor (settlor), or by given to "immediate family" as that term is defined in 17 C.F.R.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Plumas Bancorp), Incentive Stock Option Agreement (Plumas Bancorp), Incentive Stock Option Agreement (Plumas Bancorp)
