Restriction on Transfer of Option. Unless otherwise determined by the Committee in accordance with the Plan, (a) no part of the Option shall be Transferable other than by will or by the laws of descent and distribution and (b) during the lifetime of the Participant, the Option may be exercised only by the Participant or the Participant’s guardian or legal representative. Any attempt to Transfer the Option other than in accordance with the Plan shall be void.
Appears in 18 contracts
Samples: Non Qualified Stock Option Agreement (Neiman Marcus Group LTD LLC), Non Qualified Stock Option Agreement (99 Cents Only Stores LLC), Non Qualified Stock Option Agreement (99 Cents Only Stores LLC)
Restriction on Transfer of Option. Unless otherwise determined by the Committee in accordance with the Plan, (a) no part No portion of the Option shall be Transferable by the Participant other than by will or by the laws of descent and distribution distribution, and (b) the Option shall be exercisable, during the lifetime of the Participant’s lifetime, the Option may be exercised only by the Participant or the Participant’s guardian or legal representative. Any attempt to Transfer the Option other than in accordance with the expressed terms of the Plan shall be void.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (BurgerFi International, Inc.), Non Qualified Stock Option Agreement (Fifth Street Asset Management Inc.), Non Qualified Stock Option Agreement (Fifth Street Asset Management Inc.)
Restriction on Transfer of Option. Unless otherwise determined by the Committee in accordance with the Plan, (a) no part of the Option shall be Transferable other than by will or by the laws of descent and distribution and (b) during the lifetime of the Participant, the Option may be exercised only by the Participant or the Participant’s guardian or legal representative. Any attempt to Transfer the Option other than in accordance with the Plan shall be void.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Vir Biotechnology, Inc.), Incentive Stock Option Agreement (Vir Biotechnology, Inc.)
