Common use of Nontransferability of Option Clause in Contracts

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 19 contracts

Samples: Executive Employment Agreement (Verisign Inc/Ca), Stock Option Agreement (Silicon Image Inc), Stock Option Agreement (China Health Resource, Inc.)

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Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee and after death of the Optionee by the person or persons to whom the Optionee. The terms ’s rights under the Option passed by will or the laws of this Option shall be binding upon the executors, administrators, successors descent and assigns of Optioneedistribution.

Appears in 15 contracts

Samples: Nonstatutory Stock Option Agreement (Rentech Inc /Co/), Nonstatutory Stock Option Agreement (Rentech Inc /Co/), Nonstatutory Stock Option Agreement (Rentech Inc /Co/)

Nontransferability of Option. This Option may shall not be transferred in any manner other transferable by Optionee otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optioneedistribution. The terms of this Option shall be binding upon on the executors, administrators, successors heirs and assigns Successors of Optionee.

Appears in 8 contracts

Samples: Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc)

Nontransferability of Option. This The Option may is not be transferred in any manner transferable by Optionee other than under the terms and conditions of the Plan by Will or by will or by the laws of descent and distribution distribution, and may the Option shall be exercised exercisable during the Optionee's lifetime of Optionee only by Optionee. The terms Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this the Option contrary to the provisions hereof, or upon the levy of any attachment or similar process upon the Option, the Option shall be binding upon the executors, administrators, successors immediately become null and assigns of Optioneevoid.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Racom Systems Inc), Nonqualified Stock Option Agreement (Scotts Liquid Gold Inc), Incentive Stock Option Agreement (Scotts Liquid Gold Inc)

Nontransferability of Option. This The Option may not be transferred transferred, in whole or in part, except by will or the applicable laws of descent and distribution. The Option may not be exercised by any manner person other than under the terms and conditions Optionee or, in the case of the Plan or Optionee's death, by the person to whom the Optionee's rights have passed by will or by the applicable laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optioneedistribution.

Appears in 6 contracts

Samples: Employment Agreement (Cdi Corp), Employment Agreement (Cdi Corp), Employment Agreement (Cdi Corp)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised (i) during the lifetime of Optionee only by Optionee, and (ii) after Optionee’s death, by the legal representative of the Optionee’s heirs or legatees. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 5 contracts

Samples: Non Plan Stock Option Agreement (Cepheid), Non Plan Stock Option Agreement (Cepheid), Non Plan Stock Option Agreement (Cepheid)

Nontransferability of Option. This Option may not be transferred in ---------------------------- any manner other than under the terms and conditions of the Plan or by will or by the laws of descent decent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors successor and assigns of Optionee.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Exodus Communications Inc), Nonqualified Stock Option Agreement (Exodus Communications Inc), Nonqualified Stock Option Agreement (Exodus Communications Inc)

Nontransferability of Option. This Option may shall not be transferred in any manner other transferable by the Optionee otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised is exercisable during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon on the executors, administrators, heirs and successors and assigns of Optionee.

Appears in 4 contracts

Samples: Stock Option Agreement (Community Financial Group Inc), Stock Option Agreement (Community Financial Group Inc), Stock Option Agreement (Community Financial Group Inc)

Nontransferability of Option. This Option may not be transferred in any manner other by the Optionee otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during so long as the lifetime of Optionee lives, only by Optioneethe Optionee or his guardian or legal representative shall have the right to exercise this Option. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 4 contracts

Samples: Nonincentive Stock Option Agreement (Kirby Corp), Nonincentive Stock Option Agreement (Kirby Corp), Nonincentive Stock Option Agreement (Kirby Corp)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 3 contracts

Samples: Vice President Employment Agreement, Vice President Employment Agreement (Globus Medical Inc), Vice President Employment Agreement (Globus Medical Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws law of descent and distribution and may be exercised during the lifetime of Optionee only by OptioneeOptionee or other permitted transferee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of the Optionee.

Appears in 3 contracts

Samples: Grant Agreement (Sussex Bancorp), Stock Option Grant (NovaBay Pharmaceuticals, Inc.), Stock Option Grant (NovaBay Pharmaceuticals, Inc.)

Nontransferability of Option. This Option may not be transferred in any manner ---------------------------- manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 3 contracts

Samples: Employment Agreement (Infocure Corp), Employment Agreement (Infocure Corp), Employment Agreement (Infocure Corp)

Nontransferability of Option. This Option may shall not be assigned, alienated, pledged, attached, sold or otherwise transferred in any manner other than under the terms and conditions of the Plan or by Optionee except by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optioneedistribution. The terms of this Option shall be binding upon on the executors, administrators, heirs and successors and assigns of Optionee.

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws law of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Impax Laboratories Inc), Stock Option Agreement (Impax Laboratories Inc), Stock Option Agreement (Impax Laboratories Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and distribution. In addition, except as expressly permitted under the Plan, during Recipient’s lifetime, this Option may be exercised during the lifetime of Optionee only by OptioneeRecipient. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of OptioneeRecipient.

Appears in 3 contracts

Samples: Contingent Equity Agreement (ViewRay, Inc.), Contingent Equity Agreement (ViewRay, Inc.), Contingent Equity Agreement (Viewray Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and distribution. In addition, except as expressly permitted under the Plan for NQSOs, during Optionee's lifetime, this Option may only be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, if this Option is a NQSO, it may be transferred to the extent allowed by the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Behringer Harvard Reit I Inc), Stock Option Agreement (Behringer Harvard Opportunity REIT I, Inc.), Stock Option Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Nontransferability of Option. This Option may shall not be transferred in any manner transferable by Optionee other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optioneedistribution. The terms of this Option shall be binding upon on the executors, administrators, heirs and successors and assigns of Optionee.

Appears in 2 contracts

Samples: Eu Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Cyberonics Inc), Stock Option Agreement (Cyberonics Inc)

Nontransferability of Option. This Option may shall not be transferred in any manner other transferable by the Optionee otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised is exercisable during the Optionee's lifetime of Optionee only by the Optionee. The terms of this Option shall be binding upon on the executors, administrators, heirs and successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Employment Agreement (Healthways, Inc), Employment Agreement (American Healthways Inc)

Nontransferability of Option. This Except as may be permitted otherwise pursuant to the Plan, this Option may is not be transferred in any manner transferable other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and distribution. The Option may be exercised during the lifetime life of the Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of OptioneeOptionee (or his/her legal representative).

Appears in 2 contracts

Samples: Option Award Agreement (Trailer Bridge Inc), Stock Incentive Plan Agreement (Nobility Homes Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee and after death of the Optionee by the person or persons to whom the Optionee. The terms 's rights under the Option passed by will or the laws of this Option shall be binding upon the executors, administrators, successors descent and assigns of Optioneedistribution.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Rentech Inc /Co/), Incentive Stock Option Agreement (Rentech Inc /Co/)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by Optioneehim. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Zions Bancorporation /Ut/), Stock Option Agreement (New Iberia Bancorp Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, notwithstanding the foregoing, this Option may be transferred to the extent allowed by the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Cole Credit Property Trust II Inc), Stock Option Agreement (Cole Credit Property Trust II Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee’s lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Release and Settlement Agreement (Optio Software Inc), Stock Option Agreement (Manhattan Associates Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns legal representative or authorized assignee of Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Silicon Image Inc), Stock Option Agreement (Silicon Image Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during distribution. During the lifetime of Optionee Optionee, the Option shall be exercisable only by Optionee personally or by the Optionee’s legal representative. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Langer Inc), Stock Option Agreement (Langer Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and distribution. In addition, except as expressly permitted under the Plan for NQSOs, during Optionee’s lifetime, this Option may only be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, if this Option is a NQSO, it may be transferred to the extent allowed by the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Behringer Harvard Opportunity REIT I, Inc.), Stock Option Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Nontransferability of Option. This Option may not be transferred in any manner manner, nor may it be made subject to execution, attachment or similar process, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and this Option may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HNC Software Inc/De), Non Qualified Stock Option Agreement (HNC Software Inc/De)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and distribution, or except to the extent allowed by the Plan. In addition, except as expressly permitted under the Plan, during Optionee’s lifetime, this Option may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Cole Credit Property Trust III, Inc.), Stock Option Agreement (Cole Retail Income Trust, Inc.)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Willamette Valley Vineyards Inc), Nonqualified Stock Option Agreement (Willamette Valley Vineyards Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee’s lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, if this Option is a NQSO, it may be transferred to the extent allowed by the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Sciquest Inc), Stock Option Agreement (Pokertek Inc)

Nontransferability of Option. This Option option may not be transferred in any manner other by the Optionee otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and during the Optionee’s lifetime this option may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Eplus Inc), Incentive Stock Option Agreement (Ca, Inc.)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Insituform East Inc), Incentive Stock Option Agreement (Cerbco Inc)

Nontransferability of Option. This Option may shall not be transferred in any manner other transferable by the Optionee otherwise than under the terms and conditions of the Plan or (i) by will or by the laws of descent and distribution and may be exercised during distribution, or (ii) transfers by the lifetime Optionee to a member of his or her Immediate Family or a trust for the benefit of the Optionee only by Optioneeor a member of his or her Immediate Family. The terms of this Option shall be binding upon on the executors, administrators, heirs and successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Healthways, Inc), Non Qualified Stock Option Agreement (American Healthways Inc)

Nontransferability of Option. This Option may not be transferred ---------------------------- in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Netopia Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by OptioneeOptionee or any permitted transferee as set forth in the Plan. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Executive Employment Agreement (Cybersource Corp)

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Nontransferability of Option. This Option may not be ---------------------------- transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent decent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors successor and assigns of Optionee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Exodus Communications Inc)

Nontransferability of Option. This Except as otherwise set forth in Section 11 of the Plan, this Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors successors, and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Tech Laboratories Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than and may be exercised diluting the lifetime of the Optionee only by the Optionee and after death of the Optionee by the person or persons to whom the Optionee’s rights under the terms and conditions of the Plan or Option passed by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optioneedistribution.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Rentech Inc /Co/)

Nontransferability of Option. This The Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optioneeor distribution. The exercise of an Option so transferred shall be subject to the terms of this Option shall be binding upon the executors, administrators, successors and assigns of OptioneeAgreement.

Appears in 1 contract

Samples: Option Agreement (Morgan Products LTD)

Nontransferability of Option. This Option option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option option shall be binding upon the executorspersonal representatives, administratorsheirs, successors successors, and assigns of the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (First Bancshares Inc /Mo/)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, or other than to the maximum extent allowed by the Plan, and this Option may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Behringer Harvard Reit I Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during distribution. During the lifetime of Optionee Optionee, the Option shall be exercisable only by Optionee personally or by the Optionee’s legal representative. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Langer Inc)

Nontransferability of Option. This Except as otherwise set forth in ---------------------------- Section 11 of the Plan, the Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this the Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Interwoven Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors successors, and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Tech Laboratories Inc)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution and may be exercised during the your lifetime of Optionee only by Optioneeyou. The terms of the Plan and this Option Agreement shall be binding upon the your executors, administrators, heirs, successors and assigns of Optioneeassigns.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (NOW Inc.)

Nontransferability of Option. This The Option may not be transferred in any manner other is non-transferable otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, or pursuant to a qualified domestic relations order, and the Option may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VCS Technologies Inc)

Nontransferability of Option. This The Option may shall not be transferred in any manner transferable by the Optionee other than under the terms and conditions of the Plan or transfers by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optioneedistribution. The terms of this the Option shall be binding upon on the executors, administrators, heirs, and successors and assigns of the Optionee. The Option shall be exercisable, during the Optionee's lifetime, only by the Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (O Charleys Inc)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than under the terms and conditions of the Plan or by will or by the laws of descent and or distribution or a qualified domestic relations order and may be exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Cyberonics Inc)

Nontransferability of Option. This The Option and this Option Agreement ---------------------------- shall not be transferable and, during the lifetime of Optionee, the Option may be exercised only by Optionee. Without limiting the generality of the foregoing, except as otherwise provided herein, the Option may not be transferred assigned, transferred, pledged or hypothecated in any manner other than under the terms way, shall not be assignable by operation of law, and conditions of the Plan shall not be subject to execution, attachment or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optioneesimilar process.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Petsmart Com Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee’s lifetime of Optionee only by OptioneeOptionee or to the extent allowed by the Agreement. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Omnimmune Holdings, Inc.)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and distribution. In addition, except as expressly permitted under the Plan for NQSOs, during Optionee’s lifetime, this Option may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, if this Option is a NQSO, it may be transferred to the extent allowed by the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Sciquest Inc)

Nontransferability of Option. This Option may not be transferred in ---------------------------- any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Non Plan Stock Option Agreement (Verisign Inc/Ca)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws law of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Symantec Corp)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, except to the extent expressly allowed by the Plan, and may be exercised during the Optionee’s lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Nonqualified Option Agreement (Qualcomm Inc/De)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Synopsys Inc)

Nontransferability of Option. This Option may not be transferred ---------------------------- in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors executors and assigns administrators of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Interwoven Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Option Agreement (Witness Systems Inc)

Nontransferability of Option. This The Option may not be transferred in any ---------------------------- manner other than under the terms and conditions of the Plan or by will or by the laws of descent decent and distribution and may be exercised during the lifetime of Optionee Participant only by OptioneeParticipant. The terms of this the Option shall be binding upon the executors, administrators, successors successor and assigns of OptioneeParticipant.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Micron Electronics Inc)

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