Restrictions on Transfer and Pledge. You may not pledge, encumber, or hypothecate your rights or interests in this Option to or in favor of any party other than the Company or an Affiliate, and the Option shall not be subject to any lien, obligation, or liability of the Participant to any other party other than the Company or an Affiliate. You may not assign or transfer the Option, other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code, if such Section applied to an Option under the 2007 Plan. Only you or a permitted transferee may exercise the Option during your lifetime.
Appears in 6 contracts
Samples: Award Agreement (Sugar Creek Financial Corp), Form of Incentive Stock Option Award Agreement (Polonia Bancorp), Incentive Stock Option Award Agreement (Chicopee Bancorp, Inc.)
Restrictions on Transfer and Pledge. You may not pledge, encumber, or hypothecate your rights or interests in this Option to or in favor of any party other than the Company or an Affiliate, and the Option shall not be subject to any lien, obligation, or liability of the Participant to any other party other than the Company or an Affiliate. You may not assign or transfer the Option, other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code, if such Section applied to an Option under the 2007 2008 Plan. Only you or a permitted transferee may exercise the Option during your lifetime.
Appears in 6 contracts
Samples: Nonqualified Stock Option Award Agreement (PVF Capital Corp), Award Agreement (First Advantage Bancorp), Delanco Bancorp, Inc
Restrictions on Transfer and Pledge. You may not pledge, encumber, or hypothecate your rights or interests in this Option to or in favor of any party other than the Company or an Affiliate, and the Option shall not be subject to any lien, obligation, or liability of the Participant to any other party other than the Company or an Affiliate. You may not assign or transfer the Option, other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code, if such Section applied to an Option under the 2007 2010 Plan. Only you or a permitted transferee may exercise the Option during your lifetime.
Appears in 4 contracts
Samples: Equity Incentive Plan (Mayflower Bancorp Inc), Award Agreement (Athens Bancshares Corp), Incentive Stock Option Award Agreement (Ocean Shore Holding Co.)
Restrictions on Transfer and Pledge. You may not pledge, encumber, or hypothecate your rights or interests in this Option to or in favor of any party other than the Company or an Affiliate, and the Option shall not be subject to any lien, obligation, or liability of the Participant to any other party other than the Company or an Affiliate. You may not assign or transfer the Option, other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code, if such Section applied to an Option under the 2007 2009 Plan. Only you or a permitted transferee may exercise the Option during your lifetime.
Appears in 3 contracts
Samples: Award Agreement (North Penn Bancorp Inc), Award Agreement (BCSB Bancorp Inc.), First Capital Inc
Restrictions on Transfer and Pledge. You may not pledge, encumber, or hypothecate your rights or interests in this Option to or in favor of any party other than the Company or an Affiliate, and the Option shall not be subject to any lien, obligation, or liability of the Participant to any other party other than the Company or an Affiliate. You may not assign or transfer the Option, other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code, if such Section applied to an Option under the 2007 2006 Plan. Only you or a permitted transferee may exercise the Option during your lifetime.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Pulaski Financial Corp), United Community Bancorp
