Common use of Option Not Assignable Clause in Contracts

Option Not Assignable. The Option herein granted to Optionee may not be assigned or conveyed by Optionee to any Person or Persons without the prior written consent of the Company, except to his successors, permitted assigns, personal or legal representatives, heirs and legatees, or as otherwise permitted hereunder.

Appears in 2 contracts

Samples: Stock Option Agreement (Nin Rafael), Stock Option Agreement (Whitman Corp/New/)

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Option Not Assignable. The Option herein granted to Optionee may not be assigned or conveyed by Optionee to any Person or Persons without the prior written consent of the Company, except to his successors, permitted assigns, personal or legal representatives, heirs and legatees, or as otherwise permitted hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (Pepsiamericas Inc/Il/)

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Option Not Assignable. The Option herein granted to Optionee may not be assigned or conveyed by Optionee to any Person or Persons without the prior written consent of the Company, except to his successors, permitted assigns, personal or legal representatives, heirs and legatees, or as otherwise permitted hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (Pepsiamericas Inc/Il/)

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