Restriction on Transfer of Option. The Option may not be sold, assigned, hypothecated or transferred, except by will or by the laws of descent and distribution. Any attempted transfer of the Option in violation of this provision shall be void and of no effect whatsoever.
Appears in 9 contracts
Samples: Option Agreement (Brigham Exploration Co), Option Agreement (Brigham Exploration Co), Option Agreement (Titan Exploration Inc)
Restriction on Transfer of Option. The Option may not be sold, assigned, hypothecated or transferred, except (i) by will or by the laws of descent and distribution, or (ii) with the prior written consent of the General Partner (authorized by a vote or consent of its Board). Any attempted transfer of the Option in violation of this provision shall be void and of no effect whatsoever.
Appears in 4 contracts
Samples: Option Agreement (Titan Exploration Inc), Option Agreement (Titan Exploration Inc), Option Agreement (Titan Exploration Inc)
Restriction on Transfer of Option. The Option may not be sold, --------------------------------- assigned, hypothecated or transferred, except by will or by the laws of descent and distribution. Any attempted transfer of the Option in violation of this provision shall be void and of no effect whatsoever.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Pure Resources Inc), Nonqualified Stock Option Agreement (Pure Resources Inc), Nonqualified Stock Option Agreement (Pure Resources Inc)
Restriction on Transfer of Option. The Option Options may not be sold, assigned, hypothecated or transferred, except by will or by the laws of descent and distribution. Any attempted transfer of the Option Options in violation of this provision shall be void and of no effect whatsoever.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Unocal Corp), Option Agreement (Unocal Corp)
Restriction on Transfer of Option. The Option may not be sold, assigned, hypothecated or transferred, except by will or by pursuant to the laws of descent and distributiondistribution or in accordance with the provisions of the Plan. Any attempted transfer of the Option in violation of this provision shall be void and of no effect whatsoever.
Appears in 2 contracts
Samples: Option Agreement (Brigham Exploration Co), Option Agreement (Brigham Exploration Co)
Restriction on Transfer of Option. The Option may not be sold, assigned, hypothecated or transferred, except by will or by the laws of descent and distribution. Any attempted transfer of the Option in violation of this provision shall be void and of no effect whatsoever. 5 10.
Appears in 1 contract
Restriction on Transfer of Option. The Option may not be sold, assigned, hypothecated or transferred, except by will or by the laws of descent and distributiondistribution or to a trust of which the Optionee is the sole trustee who retains all rights regarding the exercise and disposition of the Option. Any attempted transfer of the Option in violation of this provision or the other provisions of the Plan shall be void and of no effect whatsoever.
Appears in 1 contract
Restriction on Transfer of Option. The Option may not be sold---------- --------------------------------- transferred, pledged, assigned, hypothecated or transferred, except by will or otherwise disposed of in any way by the laws of descent and distributionOptionee. The Option shall not be subject to execution, attachment or similar process. Any attempted transfer assignment, transfer, pledge, hypothecation or other disposition of the Option in violation contrary to the provisions hereof, and the levy of this provision any execution, attachment or similar process upon the Option, shall be null and void and of no effect whatsoeverwithout effect.
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (Interliant Inc)
