Restrictions on Transfer and Pledge. The Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiary, or be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiary. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.
Appears in 33 contracts
Samples: Stock Option Agreement (UDR, Inc.), Incentive Stock Option Agreement, Incentive Stock Option Agreement (Crescent Banking Co)
Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option Options may be exercised during the lifetime of the Optionee only by the Optionee.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Scansource Inc), Incentive Stock Option Agreement (Knology Inc), Incentive Stock Option Agreement (Adams Respiratory Therapeutics, Inc.)
Restrictions on Transfer and Pledge. The No right or interest of Optionee in the Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution, but the Committee may (but need not) permit other transfers. The Option may be exercised during the lifetime of the Optionee only by the OptioneeOptionee or any permitted transferee.
Appears in 4 contracts
Samples: Nonstatutory Stock Option Award Agreement (Roper Technologies Inc), Non Statutory Stock Option Certificate (Roper Technologies Inc), Non Statutory Stock Option Certificate (Roper Industries Inc /De/)
Restrictions on Transfer and Pledge. The Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company Corporation or a Parent or Subsidiary, or be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company Corporation or a Parent or Subsidiary. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.
Appears in 3 contracts
Samples: Employment Agreement (Rare Hospitality International Inc), Employment Agreement (Rare Hospitality International Inc), Employment Agreement (Rare Hospitality International Inc)
Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution, but the Committee may (but need not) permit other transfers. The Option Options may be exercised during the lifetime of the Optionee only by the OptioneeOptionee or any permitted transferee.
Appears in 2 contracts
Samples: Non Statutory Stock Option Certificate (PSS World Medical Inc), Non Statutory Stock Option Certificate (PSS World Medical Inc)
Restrictions on Transfer and Pledge. The No right or interest of Optionee in the Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the OptioneeOptionee or any permitted transferee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Smartfinancial Inc.)
Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Adams Respiratory Therapeutics, Inc.)
