Restriction on Transfer of Option. No part of the Option shall be Transferred other than by will or by the laws of descent and distribution and during the lifetime of the Participant, may be exercised only by the Participant or the Participant’s guardian or legal representative. In addition, the Option shall not be assigned, negotiated, pledged or hypothecated in any way (except as provided by law or herein), and the Option shall not be subject to execution, attachment or similar process. Upon any attempt to Transfer the Option or in the event of any levy upon the Option by reason of any execution, attachment or similar process contrary to the provisions hereof, such transfer shall be void and of no effect and the Company shall have the right to disregard the same on its books and records and to issue “stop transfer” instructions to its transfer agent.
Appears in 12 contracts
Samples: Nonqualified Stock Option Agreement (LifeWatch Corp.), Nonqualified Stock Option Agreement (LifeWatch Corp.), Nonqualified Stock Option Agreement (LifeWatch Corp.)
Restriction on Transfer of Option. No part of the Option shall be Transferred other than by will or by the laws of descent and distribution and during the lifetime of the ParticipantExecutive, may be exercised only by the Participant Executive or the ParticipantExecutive’s guardian or legal representative. In addition, the Option shall not be assigned, negotiated, pledged or hypothecated in any way (except as provided by law or herein), and the Option shall not be subject to execution, attachment or similar process. Upon any attempt to Transfer the Option or in the event of any levy upon the Option by reason of any execution, attachment or similar process contrary to the provisions hereof, such transfer shall be void and of no effect and the Company shall have the right to disregard the same on its books and records and to issue “stop transfer” instructions to its transfer agent.
Appears in 7 contracts
Samples: Letter Agreement, Stock Option Agreement (Marketaxess Holdings Inc), Stock Option Agreement (Marketaxess Holdings Inc)
Restriction on Transfer of Option. No part of the Option shall be Transferred transferred other than by will or by the laws of descent and distribution and during the lifetime of the Participant, may be exercised only by the Participant or the Participant’s guardian or legal representative. In addition, the Option shall not be assigned, negotiated, pledged or hypothecated in any way (except as provided by law or herein), and the Option shall not be subject to execution, attachment or similar process. Upon any attempt to Transfer the Option or in the event of any levy upon the Option by reason of any execution, attachment or similar process contrary to the provisions hereof, such transfer shall be void and of no effect and the Company shall have the right to disregard the same on its books and records and to issue “stop transfer” instructions to its transfer agent.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Marketaxess Holdings Inc), Incentive Stock Option Agreement (Marketaxess Holdings Inc), Incentive Stock Option Agreement (Marketaxess Holdings Inc)
Restriction on Transfer of Option. (a) No part of the Option shall be Transferred other than by will or by the laws of descent and distribution and during the lifetime of the ParticipantExecutive, may be exercised only by the Participant Executive or the ParticipantExecutive’s guardian or legal representative. In addition, the Option shall not be assigned, negotiated, pledged or hypothecated in any way (except as provided by law or herein), and the Option shall not be subject to execution, attachment or similar process. Upon any attempt to Transfer the Option or in the event of any levy upon the Option by reason of any execution, attachment or similar process contrary to the provisions hereof, such transfer shall be void and of no effect and the Company shall have the right to disregard the same on its books and records and to issue “stop transfer” instructions to its transfer agent.
Appears in 2 contracts
Samples: Stock Option Agreement (Marketaxess Holdings Inc), Stock Option Agreement (Marketaxess Holdings Inc)