Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 12 contracts
Samples: Stock Option Agreement (Superior Drilling Products, Inc.), Nonstatutory Stock Option Agreement (Superior Drilling Products, Inc.), Nonstatutory Stock Option Agreement (Par Petroleum Corp/Co)
Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 11 contracts
Samples: Stock Option Agreement (Continental Airlines Inc /De/), Stock Option Agreement (Continental Airlines Inc /De/), Stock Option Agreement (Continental Airlines Inc /De/)
Nontransferability of Option. The Incentive Option granted pursuant to evidenced by this Agreement is not transferable other than by will or by will, and the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)distribution. The Incentive Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 8 contracts
Samples: Incentive Stock Option Agreement (Tetra Technologies Inc), Employee Incentive Stock Option Agreement (Tetra Technologies Inc), Employee Incentive Stock Option Agreement (Tetra Technologies Inc)
Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 5 contracts
Samples: Stock Option Agreement (United Continental Holdings, Inc.), Stock Option Agreement (United Continental Holdings, Inc.), Stock Option Agreement (United Continental Holdings, Inc.)
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's legal representative in the event of Optionee’s Disability's disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Cheniere Energy Inc), Nonqualified Stock Option Agreement (Applied Voice Recognition Inc /De/), Stock Option Agreement (Corporate Strategies Inc)
Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability's guardian or Personal Representative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 3 contracts
Samples: Option Agreement (Continental Airlines Inc /De/), Option Agreement (Continental Airlines Inc /De/), Option Agreement (Continental Airlines Inc /De/)
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)distribution. The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Petroquest Energy Inc), Incentive Stock Option Agreement (Petroquest Energy Inc)
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Agreement (Petroquest Energy Inc), Incentive Stock Option Agreement (Petroquest Energy Inc)
Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during OptioneeParticipant’s lifetime only by Optionee Participant or by OptioneeParticipant’s guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of OptioneeParticipant.
Appears in 2 contracts
Samples: Outside Director Stock Option Agreement (Expressjet Holdings Inc), Non Qualified Stock Option Agreement (Expressjet Holdings Inc)
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's legal representative in the event of Optionee’s 's Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Omnilynx Communications Corp), Incentive Stock Option Agreement (Industrial Holdings Inc)
Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s Participant's lifetime only by Optionee Participant or by Optionee’s Participant's guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of OptioneeParticipant.
Appears in 2 contracts
Samples: Stock Option Agreement (Expressjet Holdings Inc), Qualified Stock Option Agreement (Expressjet Holdings Inc)
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's legal representative in the event of Optionee’s 's Disability. No no right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 1 contract
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)distribution. The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.
Appears in 1 contract
Samples: Nonstatutory Stock Option (Sanders Morris Harris Group Inc)
Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during OptioneeParticipant’s lifetime only by Optionee Participant or by OptioneeParticipant’s legal representative in the event of OptioneeParticipant’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of OptioneeParticipant.
Appears in 1 contract
Samples: Stock Option Award Agreement (Petroquest Energy Inc)