Persons Eligible to Exercise. The Option shall be exercisable during Employee's lifetime only by Employee. The Option shall be non-transferable by Employee other than by a beneficiary designation made in a form and manner acceptable to the Committee (and provided the Committee allows for beneficiary designations), or by will or the applicable laws of descent and distribution.
Persons Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the death of the Optionee, any portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee's personal representative or by any person empowered to do so under the Optionee's will or under the then applicable laws of descent and distribution.
Persons Eligible to Exercise. The option shall be exercisable ---------------------------- during the Director's lifetime only by the Director. The option shall be non- transferable by the Director other than by a beneficiary designation made in a form and manner acceptable to the Board, or by will or the applicable laws of descent and distribution.
Persons Eligible to Exercise. During your lifetime, only you (or your permitted transferee, as described in Section 7 below) may exercise the Option or any portion thereof. After your death, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 2(c) or Section 3 of this Agreement, be exercised by your personal representative or by any person empowered to do so under your will or under the then applicable laws of descent and distribution.
Persons Eligible to Exercise. The Option granted hereunder may only be exercised by Optionee, its successors or permitted assigns, including without limiting the generality of the foregoing, the estate of Optionee.
Persons Eligible to Exercise. During the lifetime of the Employee, only the Employee may exercise the SAR, or any portion thereof. After the death of the Employee any exercisable portion of the SAR may, prior to the time when the SAR becomes unexercisable pursuant to Section 3.2, be exercised by the Employee’s personal representative or by any person empowered to do so under the Employee’s will or under the then applicable laws of descent and distribution.
Persons Eligible to Exercise. The Warrant granted hereunder may be exercised by Holder, its successors or assigns.
Persons Eligible to Exercise. During the Optionee's lifetime, only the Optionee may exercise the Options. After the death or Disability (as such term is defined in the Consulting Agreement) of the Optionee and prior to the close of business on the Expiration Date, the Options may be exercised by the Optionee's personal representative, conservator, or by any person empowered to do so under the Optionee's will or under the then applicable laws of descent and distribution. The party entitled to exercise the Options shall be referred to herein as the "Exercising Party."
Persons Eligible to Exercise. During the lifetime of the Employee, only the Employee (or the Employee’s guardian or legal representative) may exercise the Option, or any portion thereof. After the death of the Employee any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable pursuant to Section 2.3, be exercised by the Employee’s personal representative or by any person empowered to do so under the Employee’s will or under the then applicable laws of descent and distribution.
Persons Eligible to Exercise. During the lifetime of the Holder, only the Holder may exercise a Stock Appreciation Right granted to him or her, or any portion thereof. After the death of the Holder, any exercisable portion of a Stock Appreciation Right may, prior to the time when such portion becomes unexercisable under Article III, be exercised by such Holder's personal representative or by any person empowered to do so under the deceased Holder's will or under the then applicable laws of descent and distribution.
