Nontransferability of Options. The Option may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.
Appears in 8 contracts
Samples: Qualified Stock Option Agreement (Franklin Electric Co Inc), Director Employees (Franklin Electric Co Inc), Qualified Stock Option Agreement (Franklin Electric Co Inc)
Nontransferability of Options. The An Option may not be sold, pledged, ----------------------------- assigned, hypothecated, transferred, pledged, assigned, or otherwise alienated or hypothecateddisposed of in any manner, other than by will Will or by the laws of descent or distribution, and distributionmay be exercised, during the lifetime of the Optionee, only by the Optionee.
Appears in 3 contracts
Samples: Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc)
Nontransferability of Options. The Option Options may not be sold, assigned, transferred, pledged, assigned, pledged or otherwise alienated encumbered by the Participant, either voluntarily or hypothecatedby operation of law, other than except by will or by the laws of descent and distribution, and, during the lifetime of the Participant, Options shall be exercisable only by the Participant.
Appears in 3 contracts
Samples: Employment Agreement (Sucampo Pharmaceuticals, Inc.), Stock Option Agreement Terms and Conditions (Sucampo Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Sucampo Pharmaceuticals, Inc.)
