Common use of Option Non-Transferable Clause in Contracts

Option Non-Transferable. No Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's guardian or legal representative, should one be appointed).

Appears in 7 contracts

Samples: Stock Option Agreement (Intercept Group Inc), Stock Option Agreement (Intercept Group Inc), Stock Option Agreement (Intercept Group Inc)

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Option Non-Transferable. No Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Order or as otherwise permitted pursuant to Section 16 Insider prior to shareholder approval 6.9 of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's ’s guardian or legal representative, should one be appointed).

Appears in 2 contracts

Samples: Stock Option Agreement (GeoVax Labs, Inc.), Stock Option Agreement (GeoVax Labs, Inc.)

Option Non-Transferable. No Except as specified in Exhibit A hereto, no Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's ’s guardian or legal representative, should one be appointed).

Appears in 2 contracts

Samples: Stock Option Agreement (MPS Group Inc), Stock Option Agreement (MPS Group Inc)

Option Non-Transferable. No Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's guardian or legal representative, should one be appointed).

Appears in 2 contracts

Samples: Stock Option Agreement (Acsys Inc), Stock Option Agreement (Acsys Inc)

Option Non-Transferable. No Unless otherwise provided in this Agreement, no ----------------------- Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's guardian or legal representative, should one be appointed).

Appears in 1 contract

Samples: Stock Option Agreement (Netzee Inc)

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Option Non-Transferable. No Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, or pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's guardian or legal representative, should one be appointed).

Appears in 1 contract

Samples: Stock Option Agreement (Intercept Group Inc)

Option Non-Transferable. No Option shall be transferable by an ----------------------- ------------------------ Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's guardian or legal representative, should one be appointed).

Appears in 1 contract

Samples: Stock Option Plan (American Bingo & Gaming Corp)

Option Non-Transferable. No Option shall be transferable by an ----------------------- Optionee other than by will or the laws of descent and distribution or, in the case of non-Incentive Stock Options, pursuant to a Qualified Domestic Relations Order, and no Option shall be transferable by an Optionee who is a Section 16 Insider prior to shareholder approval of the Plan. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee's guardian or legal representative, should one be appointed).by

Appears in 1 contract

Samples: Stock Option Agreement (Tekgraf Inc)

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