Common use of Persons Eligible to Exercise Clause in Contracts

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.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Gap Inc)

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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 BoardCommittee, or by will or the applicable laws of descent and distribution.

Appears in 1 contract

Samples: Gap Inc

Persons Eligible to Exercise. The option shall be exercisable ---------------------------- during the Director's lifetime only by the Director. The option shall be non- non-transferable by the Director other than by a beneficiary designation made in a form and manner acceptable to the BoardCommittee, or by will or the applicable laws of descent and distribution.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Gap Inc)

Persons Eligible to Exercise. The This option shall be exercisable ---------------------------- during the Director's ’s lifetime only by the Director. The This option shall be non- transferable by is not transferable, except that the Director other than may transfer this option (a) by a valid beneficiary designation made in a form and manner acceptable to the BoardCommittee, or (b) by will or the applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Central Garden & Pet Co)

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Persons Eligible to Exercise. The This option shall be exercisable ---------------------------- during the Director's ’s lifetime only by the Director. The This option shall be non- transferable by is not transferable, except that the Director other than may transfer this option (a) by a valid beneficiary designation made in a form and manner acceptable to the Board, or (b) by will or the applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Central Garden & Pet Company)

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.

Appears in 1 contract

Samples: Standard Discounted Option Agreement (Gap Inc)

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