Options Not Transferable. No Stock Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. Incentive Stock Options shall be exercisable, during the Optionee's lifetime, only by the Optionee or, with respect to Non-Qualified Stock Options, in accordance with the terms of a qualified domestic relations order.
Appears in 9 contracts
Samples: Stock Option Agreement (Bam Entertainment Inc), Stock Option Agreement (Ir Biosciences Holdings Inc), Stock Option Agreement (Fiic Holdings)
Options Not Transferable. No Stock Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. Incentive Stock Options shall be exercisable, during the Optionee's ’s lifetime, only by the Optionee or, with respect to Non-Qualified Stock Options, in accordance with the terms of a qualified domestic relations order.
Appears in 8 contracts
Samples: Stock Option Agreement (TMSF Reit Inc.), Stock Option Agreement (Fiic Holdings), Stock Option Agreement (TMSF Holdings Inc)
Options Not Transferable. No Stock Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. Incentive Stock Options shall be exercisable, during the Optionee's lifetime, only by the Optionee or, with respect to Non-Qualified Stock Options, in accordance with the terms of a qualified domestic relations order.
Appears in 2 contracts
Samples: Stock Option Agreement (Health Sciences Group Inc), Stock Option Agreement (Health Sciences Group Inc)
Options Not Transferable. No Stock Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. Incentive Stock Options shall be exercisable, during the Optionee's lifetime, only by the Optionee or, with respect to Non-Non- Qualified Stock Options, in accordance with the terms of a qualified domestic relations order.
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Options Not Transferable. No Stock Option shall be transferable ------------------------ by the Optionee other than by will or by the laws of descent and distributiondistribution or, with respect to Non-Qualified Stock Options, pursuant to a "qualified domestic relations order," as such term is defined in the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Incentive Stock Options shall be exercisable, during the Optionee's lifetime, only by the Optionee or, with respect to Non-Qualified Stock Options, in accordance with the terms of a qualified domestic relations order.. NOTE: INSERT THE FOLLOWING IF OPTION IS TRANSFERABLE:
Appears in 1 contract
Samples: Stock Option Agreement (Impac Commercial Holdings Inc)
Options Not Transferable. No Stock Option shall be transferable ------------------------ by the Optionee other than by will or by the laws of descent and distributiondistribution or, with respect to Non-Qualified Stock Options, pursuant to a "qualified domestic relations order," as such term is defined in the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Incentive Stock Options shall be exercisable, during the Optionee's lifetime, only by the Optionee or, with respect to Non-Qualified Stock Options, in accordance with the terms of a qualified domestic relations order.
Appears in 1 contract
Samples: Stock Option Agreement (Impac Commercial Holdings Inc)
Options Not Transferable. No Stock Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. Incentive Stock Options shall be exercisable, during the Optionee's lifetime, only by the Optionee or, with respect to Non-Qualified NonQualified Stock Options, in accordance with the terms of a qualified domestic relations order.
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