Transfer of the Options. During the Optionee's lifetime, the options shall be exercisable only by the Optionee. The options shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee's death. In the event of the Optionee's death during the term of this Agreement, the Optionee's personal representatives may exercise any portion of the options that remains vested and unexercised at the time of the Optionee's death, provided that any such exercise must be made, if at all, during the period within six (6) months after the Optionee's death, and subject to the option termination date specified in Section 7.
Appears in 33 contracts
Samples: Officer Non Qualified Stock Option Agreement (Ireland Inc.), Officer Non Qualified Stock Option Agreement (Ireland Inc.), Officer Non Qualified Stock Option Agreement (Ireland Inc.)
Transfer of the Options. During the Optionee's lifetime, the options Options shall be exercisable only by the Optionee. The options Options shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee's death. In the event of the Optionee's death during the term of this Agreement, the Optionee's personal representatives may exercise any portion of the options Options that remains vested and unexercised at the time of the Optionee's death, provided that any such exercise must be made, if at all, during the period within six (6) months after the Optionee's death, and subject to the option Option termination date specified in Section 7.
Appears in 3 contracts
Samples: Non Qualified Stock Option Award Agreement (Cross Border Resources, Inc.), Non Qualified Stock Option Award Agreement (Cross Border Resources, Inc.), Non Qualified Stock Option Award Agreement (Cross Border Resources, Inc.)
Transfer of the Options. During the Optionee's lifetime, the options shall be exercisable only by the Optionee. The options shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee's death. In the event of the Optionee's death during the term of this Agreement, the Optionee's personal representatives may exercise any portion of the options that remains vested and unexercised at the time of the Optionee's death, provided that any such exercise must be made, if at all, during the period within six (6) months after the Optionee's death, and subject to the option termination date specified in Section 78 of this Agreement.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Triton Emission Solutions Inc.)
