Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of the Option except by will or the laws of descent and distribution, and only Optionee may exercise the Option during his or her lifetime.
Appears in 6 contracts
Samples: Stock Option Agreement (Biosource International Inc), Stock Option Agreement (Biosource International Inc), Stock Option Agreement (Biosource International Inc)
Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of Transfer the Option except by will or the laws of descent and distribution, and only Optionee may exercise the Option may be exercised during the lifetime of Optionee only by Optionee or by his or her lifetimeguardian or legal representative in the case of a disability, and upon Optionee's death only by his or her Estate or by any person who acquired the Option by bequest or inheritance or by reason of the death of Optionee.
Appears in 6 contracts
Samples: Employment Agreement (Cumetrix Data Systems Corp), Executive Employment Agreement (Cumetrix Data Systems Corp), Employment Agreement (Cumetrix Data Systems Corp)
Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of the Option except by will or the laws of descent and distribution, and Options may be exercised during the lifetime of Optionee only by Optionee may exercise the Option during or by his or her lifetimeguardian or legal representative.
Appears in 3 contracts
Samples: Employment Agreement (3 D Systems Corp), Employment Agreement (Accelerated Networks Inc), Employment Agreement (3 D Systems Corp)
Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of the this Option except by will or the laws of descent and distribution, and only Optionee Stock Options may exercise be exercised during the lifetime of the Option during Holder only by the Optionee or by his or her lifetimeguardian or legal representative.
Appears in 2 contracts
Samples: Stock Option Agreement (S1 Corp /De/), Stock Option Agreement (DVD Express Inc)
Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of the Option except by will or the laws of descent and distribution, distribution and only Optionee Stock Options may exercise be exercised during the lifetime of the Option during Holder only by the Option Holder or by his or her lifetimeguardian or legal representative.
Appears in 1 contract
Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of the Option except by will or the laws of descent and distribution, and only Optionee optionee may exercise the Option during his or her lifetime.
Appears in 1 contract
Samples: Stock Option Agreement (Biosource International Inc)
Option Non-Transferable. Optionee may not sell, transfer, assign or otherwise dispose of the Option except by will or the laws of descent and distribution, distribution as permitted herein and only Optionee Stock Options may exercise be exercised during the lifetime of the Option during Holder only by the Option Holder or by his or her lifetimeguardian or legal representative.
Appears in 1 contract
