NONTRANSFERABILITY OF THE OPTION. This Option may not be sold, ledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent of distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
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Samples: Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp)
NONTRANSFERABILITY OF THE OPTION. This Option may not be sold, ledgedpledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent of or distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Appears in 3 contracts
Samples: Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp)
NONTRANSFERABILITY OF THE OPTION. This Option may not be sold, ledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent of distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.be
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NONTRANSFERABILITY OF THE OPTION. This Option may not be sold, ledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent of distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.the
Appears in 1 contract
NONTRANSFERABILITY OF THE OPTION. This Option may not be sold, ledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent of distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.and
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NONTRANSFERABILITY OF THE OPTION. This Option may not be sold, ledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent of distribution, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Planplan, the terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
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