Transfer of Options. The Options may not be assigned, pledged 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 9 contracts
Samples: Consultant Stock Option Agreement (Pedevco Corp), Consultant Stock Option Agreement (Pedevco Corp), Employee Stock Option Agreement (Pedevco Corp)