Restrictions on Transfer of Option Shares. (a) The Optionee hereby acknowledges and agrees that the Option shall not be transferable by the Optionee other than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime of the Optionee only by him or by his guardian or legal representative.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Metropolitan Health Networks Inc), Non Qualified Stock Option Agreement (Metropolitan Health Networks Inc)
Restrictions on Transfer of Option Shares. (a) a. The Optionee hereby acknowledges and agrees that the Option shall not be transferable by the Optionee other than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime of the Optionee only by him or by his guardian or legal representative.
Appears in 2 contracts
Samples: Stock Option Agreement (Ominto, Inc.), Stock Option Agreement (DubLi, Inc.)
