Option Not Transferable. This Option may not be transferred, pledged, assigned, hypothecated or otherwise disposed of in any way by the Participant, except by will or laws of descent and distribution, and during the Participant’s life, may only be exercised by the Participant. Any attempt to effect a transfer of this Option that is not otherwise permitted by the Board of Directors, the Plan, or this Option Agreement shall be null and void.
Appears in 9 contracts
Samples: Incentive Stock Option Award Agreement (Pacific Premier Bancorp Inc), Non Qualified Stock Option Award Agreement (Pacific Premier Bancorp Inc), Incentive Stock Option Agreement (Tofutti Brands Inc)
Option Not Transferable. This Option may not be transferred, pledged, assigned, hypothecated or otherwise disposed of in any way by the Participant, except by will or laws of descent and distribution, and during the Participant’s life, may only be exercised by the Participant. Any attempt to effect a transfer of this Option that is not otherwise permitted by the Board of DirectorsBoard, the Plan, or this Option Agreement shall be null and void.
Appears in 6 contracts
Samples: Incentive Stock Option Agreement (Pacific Premier Bancorp Inc), Incentive Stock Option Agreement (R&g Financial Corp), Nonqualified Stock Option Agreement (Commercial Capital Bancorp Inc)
Option Not Transferable. This Option may option shall not be transferred, pledgedsold, assigned, hypothecated transferred, pledged or otherwise disposed of in any way encumbered by the Participant, either voluntarily or by operation of law, except by will or by the laws of descent and distribution, and during . During the Participant’s life, may lifetime only be exercised by the Participant. Any attempt to effect a transfer of Participant can exercise this Option that is not otherwise permitted by the Board of Directors, the Plan, or this Option Agreement shall be null and voidoption.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (BG Medicine, Inc.), Non Qualified Stock Option Agreement (BG Medicine, Inc.)
Option Not Transferable. This Option may not be transferred, pledged, assigned, hypothecated or otherwise disposed of in any way by the ParticipantOptionee, except by will or laws of descent and distribution, and during the Participant’s Optionee's life, may only be exercised by the ParticipantOptionee. Any attempt to effect a transfer of this Option that is not otherwise permitted by the Board of DirectorsCommittee, the Plan, or this Option Agreement agreement shall be null and void.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Talk Com), Non Qualified Stock Option Agreement (Talk Com)
