Option Nontransferable. The Option is not transferable or assignable by Optionee other than by will or by the laws of descent and distribution; during the lifetime of Optionee, the Option shall be exercisable only by Optionee.
Appears in 2 contracts
Samples: Stock Option Agreement (World Air Holdings, Inc.), Director Stock Option Agreement (World Air Holdings, Inc.)
Option Nontransferable. The Option is not transferable or assignable ---------------------- by Optionee other than by will or by the laws of descent and distribution; during the lifetime of Optionee, the Option shall be exercisable only by Optionee.
Appears in 1 contract
Option Nontransferable. The Option is shall not be transferable or assignable by Optionee other than by will or by the laws of descent and distribution; during . During the lifetime of Optionee, the Option shall be exercisable only by OptioneeOptionee (or, if he becomes disabled or otherwise incapacitated, by the guardian of his property or his duly appointed attorney-in-fact), and shall not be assignable or transferable by Optionee and, subject to Section 6 hereof, no other person shall acquire any rights in the Option.
Appears in 1 contract
Samples: Non Incentive Stock Option Agreement (Ivi Checkmate Corp)
Option Nontransferable. The Option is not Exception. This option shall be neither transferable or nor assignable by Optionee other than by will or by the laws of descent descent, and distribution; distribution and may be exercised, during the lifetime of Optionee's lifetime, the Option shall be exercisable only by Optionee.
Appears in 1 contract
Option Nontransferable. The Option is not transferable or ---------------------- assignable by Optionee other than by will or by the laws of descent and distribution; during the lifetime of Optionee, the Option shall be exercisable only by Optionee.
Appears in 1 contract
