Transferability of Option. Except as hereinafter set forth, this option shall not be transferable by the Optionee otherwise than by will or under the laws of descent and distribution, and shall be exercisable, during Optionee's lifetime, only by Optionee.
Appears in 9 contracts
Samples: Stock Option Agreement (Irata Inc), Stock Option Agreement (Irata Inc), Stock Option Agreement (Irata Inc)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than except by will or under the laws of descent and distribution, and any attempt to do so shall be exercisable, during void the Option. During the Optionee's lifetime, lifetime the Option is exercisable only by the Optionee, however, and in accordance with the provisions hereof, any Option Shares being acquired hereunder may, at the prior direction of the Optionee, be acquired by the Optionee or by the Optionee's designate.
Appears in 8 contracts
Samples: Stock Option Plan Agreement (Savoy Capital Investments Inc), Stock Option Plan Agreement (Savoy Capital Investments Inc), Stock Option Plan Agreement (Savoy Capital Investments Inc)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than by the will or under the laws of descent and distribution, and shall may be exercisable, exercised during Optionee's lifetime, the life of the Optionee only by the Optionee.
Appears in 7 contracts
Samples: Non Statutory Stock Option Agreement (Swift Transportation Co Inc), Non Statutory Stock Option Agreement (Swift Transportation Co Inc), Stock Option Agreement (Aap Holdings Inc)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than except by will or under the laws of descent and distribution, and any attempt to do so shall be exercisable, during void the Option. During the Optionee's lifetime, ’s lifetime the Option is exercisable only by the Optionee, however, and in accordance with the provisions hereof, any Option Shares being acquired hereunder may, at the prior direction of the Optionee, be acquired by the Optionee or by the Optionee’s designate.
Appears in 3 contracts
Samples: Stock Option Agreement (Medical International Technology Inc), Consulting Services Agreement (Medical International Technology Inc), Business Consulting Agreement (Medical International Technology Inc)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than by will or under the laws of descent and distribution, and shall be exercisable, exercisable during Optionee's lifetime, his lifetime only by Optioneehim.
Appears in 3 contracts
Samples: Stock Option Agreement (Discount Auto Parts Inc), Stock Option Agreement (Discount Auto Parts Inc), Stock Option Agreement (Discount Auto Parts Inc)
Transferability of Option. Except as hereinafter set forth, this option This Option shall not be transferable by the Optionee otherwise than except by will or under by the laws of descent and distribution, and shall be exercisable, during . During the Optionee's lifetime, only by Optionee.this Option may be exercised
Appears in 1 contract
Samples: Replacement Incentive Stock Option Agreement (American Homestar Corp)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than by the will or under the laws of descent and distribution, or to the extent permitted by Code ss.422 and shall may be exercisable, exercised during Optionee's lifetime, the life of the Optionee only by the Optionee.
Appears in 1 contract
Transferability of Option. Except as hereinafter set forth, this The option shall not be transferable by the Optionee otherwise than by the will or under the laws of descent and distribution, and shall may be exercisable, exercised during Optionee's lifetime, the life of the Optionee only by the Optionee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Cavco Industries Inc)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than by the will or under the laws of descent and distribution, or to the extent permitted by Code 422 and shall may be exercisable, exercised during Optionee's lifetime, the life of the Optionee only by the Optionee.
Appears in 1 contract
Samples: Stock Option Agreement (Skymall Inc)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee Optionee, otherwise than by will or under as set forth in the laws of descent and distributionPlan, and shall may be exercisable, exercised during Optionee's lifetime, the life of the Optionee only by the Optionee.
Appears in 1 contract
Samples: Stock Option Agreement (Smithway Motor Xpress Corp)
Transferability of Option. Except as hereinafter set forth, this option The Option shall not be transferable by the Optionee otherwise than except by will or under the laws of descent and distribution, and any attempt to do so shall be exercisable, during void the Option. During the Optionee's lifetime, the Option is exercisable only by the Optionee; however, and in accordance with the provisions hereof, any Option Shares being acquired hereunder may, at the prior direction of the Optionee, be acquired by the Optionee or by the Optionee's designate.
Appears in 1 contract
