Transfer of Options. Unless the Company, upon advice of its securities counsel, directs otherwise, the Options may not be assigned or transferred in any manner except upon the death of Optionee by will or by the laws of descent and distribution. During the lifetime of Optionee, the Options shall be exercisable only by Optionee.
Appears in 6 contracts
Samples: Employee Incentive Stock Option Agreement (Usana Health Sciences Inc), Usana Health (Usana Health Sciences Inc), Employee Stock Option Agreement (Usana Health Sciences Inc)
Transfer of Options. Unless the Company, upon advice of its ------------------- securities counsel, directs otherwise, the Options may not be assigned or transferred in any manner except upon the death of Optionee by will or by the laws of descent and distribution. During the lifetime of Optionee, the Options shall be exercisable only by Optionee.
Appears in 5 contracts
Samples: Stock Option Agreement (Britesmile Inc), Option and Stock Appreciation Rights Agreement (Britesmile Inc), Employee Stock Option Agreement (Fonix Corp)
