Common use of Transferable Options Clause in Contracts

Transferable Options. Upon approval of, and subject to such requirements as may be imposed by, the Company, vested Stock Options may be transferred to one or more immediate family members, individually or jointly. A trust, each of whose beneficiaries is the Participant or an immediate family member, will be deemed to be a family member for purposes of these rules.

Transferable Options. Upon approval of, and subject to such requirements as may be imposed by, the Company, vested Stock Options may be transferred to one or more immediate family membersFamily Members, individually or jointly. A trust, each of whose beneficiaries is the Participant or an immediate family memberFamily Member, will be deemed to be a family member for purposes of these rules.