Transfer of Options. The Option may not be transferred except (i) by will or the laws of descent and distribution or (ii) pursuant to the terms of a qualified domestic relations order, as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, and, during the lifetime of the Optionee, may be exercised only by the Optionee or by the Optionee’s legally authorized representative.
Appears in 17 contracts
Samples: Non Qualified Stock Option Agreement (Heart Test Laboratories, Inc.), Non Qualified Stock Option Agreement (Heart Test Laboratories, Inc.), Incentive Stock Option Agreement (Heart Test Laboratories, Inc.)
Transfer of Options. The Option may not be transferred except (i) by will or the laws of descent and distribution or (ii) pursuant to the terms of a qualified domestic relations order, as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, and, during the lifetime of the Optionee, may be exercised only by the Optionee or by the Optionee’s 's legally authorized representative.
Appears in 5 contracts
Samples: Employment Agreement (Maii Holdings Inc), Employment Agreement (Gainsco Inc), Nonqualified Stock Option Agreement (Gainsco Inc)
Transfer of Options. The Option may not be transferred except (i) by will or the laws of descent and distribution distribution, (ii) to members of Optionee's immediate family, trusts for the benefit of such immediate family members and partnerships in which such immediate family members are the only partners or (iiiii) pursuant to the terms of a qualified domestic relations order, as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, and, during the lifetime of the Optionee, may be exercised only by the Optionee or by the Optionee’s 's legally authorized representative.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (China Bak Battery Inc)
Transfer of Options. The Option may not be transferred except (i) by will or the laws of descent and distribution distribution, (ii) to members of Optionee’s immediate family, trusts for the benefit of such immediate family members and partnerships in which such immediate family members are the only partners or (iiiii) pursuant to the terms of a qualified domestic relations order, as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, and, during the lifetime of the Optionee, may be exercised only by the Optionee or by the Optionee’s legally authorized representative.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (China Bak Battery Inc)
