Persons Entitled to Exercise. During the Optionees lifetime, this Option can only be exercised by the Optionee, and neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or other transfer of this Option or any right hereunder or in the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
Appears in 6 contracts
Samples: Nonqualified Stock Option (Industrial Ecosystems Inc), Nonqualified Stock Option (Industrial Ecosystems Inc), Nonqualified Stock Option (Industrial Ecosystems Inc)
Persons Entitled to Exercise. During the Optionees Optionee's lifetime, this Option can only be exercised by the Optionee, and neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or other transfer of this Option or any right hereunder hereunder, or in the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
Appears in 3 contracts
Samples: Non Qualified Stock Option (Caldera Corp /Fl/), Stock Option Agreement (Total Film Group Inc), Non Qualified Stock Option (Total Film Group Inc)
Persons Entitled to Exercise. During the Optionees Optionee's lifetime, this Option can only be exercised by the Optionee, and neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or of other transfer of this Option or any right hereunder or in the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
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Persons Entitled to Exercise. During the Optionees Optionee's lifetime, this the Option can only be exercised by the Optionee, and neither this the Option nor any right hereunder thereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this the Option nor any right hereunder thereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or other transfer of this the Option or any right hereunder thereunder or in the event of any levy, attachment, execution, or similar process, this the Option and all rights granted hereunder thereunder shall be immediately null and void.
Appears in 1 contract
Samples: Stock Option Agreement (Schimatic Cash Transactions Network Com Inc)
Persons Entitled to Exercise. During the Optionees lifetime, this This Option can only be exercised by the Optionee, and an attorney working with the Optionee, or the estate of the Optionee, otherwise neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or other transfer of this Option or any right hereunder or in the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
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