OF OPTION. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distribution. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
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Samples: Incentive Stock Option Agreement (First Federal Bancorporation /Mn/), Stock Option Agreement (Cumberland Mountain Bancshares Inc), Stock Option Agreement (BCSB Bankcorp Inc)
OF OPTION. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distribution. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. Notwithstanding any other terms of this agreement, this Option may be transferred to the Optionee's spouse, lineal ascendants, lineal descendants, or to a duly established trust, provided that such transferee shall be permitted to exercise this Option subject to the same terms and conditions applicable to the Optionee.
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Samples: Stock Option Agreement (Westwood Homestead Financial Corp), Stock Option Agreement (WSFS Financial Corp), Stock Option Agreement (Westwood Homestead Financial Corp)
OF OPTION. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distribution. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. Notwithstanding any other terms of this agreement, the Optionee may transfer this Option to the Optionee's spouse, lineal ascendants, lineal descendents, or to a duly established trust for their benefit, provided that such transferee shall be permitted to exercise this Option subject to the same terms and conditions applicable to the Optionee.
Appears in 3 contracts
Samples: Non Incentive Stock Option Agreement (Hopfed Bancorp Inc), Non Incentive Stock Option Agreement (Flagstar Bancorp Inc), Non Incentive Stock Option Agreement (Flagstar Bancorp Inc)
OF OPTION. This Option may not be transferred in ----------------------------- any manner otherwise than by will or the laws of descent or distributiondistribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
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OF OPTION. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distributiondistribution and may be exercised during the lifetime of the Optionee only by him. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
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OF OPTION. This Option option may not be transferred in ----------------------------- any manner otherwise than by will or the laws of descent or distributiondistribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
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