Not Transferable. The Option is not transferable by the Option Holder, and may be exercised only by the Option Holder except that, in the event of the Option Holder’s death or disability, the Option may be exercised by Option Holder’s legal representative or by the persons to whom the Option is transferred by will or the laws of descent and distribution..
Appears in 6 contracts
Samples: Restricted Stock Grant Agreement (SolarMax Technology, Inc.), Restricted Stock Grant Agreement (SolarMax Technology, Inc.), Restricted Stock Grant Agreement (SolarMax Technology, Inc.)
