Transferability of Options. During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 19 contracts
Samples: Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Supplemental Nonqualified Stock Option Agreement (Aci Worldwide, Inc.)
Transferability of Options. During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s 's guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 12 contracts
Samples: Employment Agreement (Transaction Systems Architects Inc), Employment Agreement (Transaction Systems Architects Inc), Employment Agreement (Transaction Systems Architects Inc)
Transferability of Options. During the lifetime of an the Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s 's guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 2 contracts
Samples: Non Incentive Stock Option Agreement (Vitas Healthcare Corp), Non Incentive Stock Option Agreement (Vitas Healthcare Corp)
Transferability of Options. During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s 's guardian or legal representative) may exercise the Option. No This Option shall not be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 1 contract
Transferability of Options. During Except as otherwise stated herein, during the lifetime of an the Optionee, only such the Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s 's guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is grantedOptionee, other than by will or the laws of descent and distribution. Pursuant to and limited by the terms and conditions of Article 10.2 of the Plan, Optionee may transfer all or part of an Option to a Family Member (as such term is defined in the Plan).
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Itc Deltacom Inc)
