Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, and shall be exercisable during the lifetime of Employee only by Employee (or in the event of his Disability (as defined in the Employment Agreement), by his personal representative) and after his death, only by his legatee or the executor of his estate.
Appears in 4 contracts
Samples: Inducement and High Performance Award (Ruby Tuesday Inc), Make Whole Award (Ruby Tuesday Inc), Make Whole Award (Ruby Tuesday Inc)
Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Participant only by Employee the Participant (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.
Appears in 3 contracts
Samples: Nonqualified Stock Option Award (CCF Holding Co), Incentive Stock Option Award (CCF Holding Co), Nonqualified Stock Option Award (CCF Holding Co)
Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Community Capital Bancshares Inc), Non Qualified Stock Option Agreement (Community Capital Bancshares Inc)
Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.
Appears in 2 contracts
Samples: Incentive Stock Option Award (National Commerce Corp), Option Assumption Agreement (Alliance Bancshares Inc)
Restriction on Transfer of Option and of Option Shares. The Option ------------------------------------------------------ evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Community Capital Bancshares Inc)
Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Participant only by Employee the Participant (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor legal representative of his the Participant’s estate.
Appears in 1 contract
Samples: Incentive Stock Option Award (National Commerce Corp)
Restriction on Transfer of Option and of Option Shares. The Option ------------------------------------------------------- evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.
Appears in 1 contract
Samples: Non Qualified Stock Option Award (Southeastern Bank Financial CORP)
