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 Stock Option Agreement (Usana Health Sciences Inc), Employee Stock Option Agreement (Usana Health Sciences Inc), Employee Incentive 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: Director Stock Option and Stock Appreciation Rights Agreement (Britesmile Inc), Employee/Consultant Stock Option and Stock Appreciation Rights Agreement (Britesmile Inc), Employee/Consultant Stock Option Agreement (Britesmile Inc)
