NQSOs. Unless otherwise restricted by the Committee, an NQSO ----- shall be exercisable: (i) during the Participant's lifetime only by (A) the Participant, (B) the Participant's guardian or legal representative, (C) a Family Member of the Participant who has acquired the NQSO by "permitted transfer;" and (ii) after Participant's death, by the legal representative of the Participant's heirs or legatees. "Permitted transfer" means, as authorized by this Plan and the Committee in an NQSO, any transfer effected by the Participant during the Participant's lifetime of an interest in such NQSO but only such transfers which are by gift or domestic relations order. A permitted transfer does not include any transfer for value and neither of the following are transfers for value:
Appears in 4 contracts
Samples: Equity Incentive Plan Grant (Micron Electronics Inc), Notice of Grant (Micron Electronics Inc), 2000 Equity Incentive Plan Grant (Micron Electronics Inc)
