Common use of Transferability of Option Clause in Contracts

Transferability of Option. The Option may not be transferred by you (other than by will or the laws of descent and distribution) and may be exercised during your lifetime only by you.

Appears in 19 contracts

Samples: Non Qualified Stock Option Agreement (Prosperity Bancshares Inc), Employment Agreement (Liveperson Inc), Incentive Stock Option Agreement (Acreedo Health Inc)

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Transferability of Option. The Option You may not be transferred by you transfer the Option (other than by will or the laws of descent and distribution) and ). The Option may be exercised during your lifetime only by you.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Centennial Communications Corp /De), Non Qualified Stock Option Agreement (Centennial Communications Corp /De), Incentive Stock Option Agreement (Lexent Inc)

Transferability of Option. The This Option may not be transferred by you (other than by will or the applicable laws of descent and distribution) ), and may be exercised during your lifetime only by you.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Black Box Corp), Non Qualified Stock Option Agreement (Black Box Corp), Non Qualified Stock Option Agreement (Black Box Corp)

Transferability of Option. The This Option may not be transferred by you (other than by will or the laws of descent and distribution) and may be exercised during your lifetime only by you.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Genicom Corp), Incentive Stock Option Agreement (Steris Corp), Non Qualified Stock Option Agreement (Bisys Group Inc)

Transferability of Option. The Option may is not be transferred transferable by you (other than by will or by the laws of descent and distribution) and and, except as otherwise stated in this Option Agreement, may be exercised during your lifetime only by you.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Cox Technologies Inc), Non Qualified Stock Option Agreement (Cox Technologies Inc)

Transferability of Option. The Option may not be transferred by you ------------------------- (other than by will or the laws of descent and distributiondistribution or a domestic relations order) and may be exercised during your lifetime only by youyou or by an alternate payee under a domestic relations order.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Airspan Networks Inc), Non Qualified Stock Option Agreement (Airspan Networks Inc)

Transferability of Option. The Option may not be transferred by you ------------------------- (other than by will or the laws of descent and distribution) and may be exercised during your lifetime only by you.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lifeminders Inc)

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Transferability of Option. The Option may is not be transferred transferable by you (other than by will or by the laws of descent and distribution) and may be exercised during your lifetime only by you.

Appears in 1 contract

Samples: Stock Option Agreement (Mru Holdings Inc)

Transferability of Option. The This Option may not be transferred by you except (other than i) to an affiliated person or entity, or (ii) by will or the laws of descent and distribution) , and may be exercised during your lifetime only by youyou or your guardian or conservator or an authorized assignee.

Appears in 1 contract

Samples: Stock Option Agreement (Landmark Land Co Inc/De)

Transferability of Option. The This Option may not be transferred by you (other than sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution) , and may shall be exercised exercisable during your lifetime only by you, except as otherwise set forth herein or in the Plan.

Appears in 1 contract

Samples: Employment Agreement (Base Ten Systems Inc)

Transferability of Option. The Except as provided below, the Option may is not be transferred transferable by you (other than by will or by the laws of descent and distribution) distribution and may be exercised is exercisable during your lifetime only by you.. You may transfer your rights under the Option during your lifetime subject to the following limitations:

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Carmax Inc)

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