Common use of Vesting of Option Rights Clause in Contracts

Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised by Participant in accordance with the following schedule: (b) During the lifetime of Participant, the Option shall be exercisable only by Participant and shall not be assignable or transferable by Participant, other than by will or the laws of descent and distribution. Notwithstanding the foregoing, Participant may transfer the Option to any Family Member (as such term is defined in the General Instructions to Form S-8 (or successor to such Instructions or such Form)), provided, however, that (i) Participant may not receive any consideration for such transfer, (ii) the Family Member must agree in writing not to make any subsequent transfers of the Option other than by will or the laws of the descent and distribution and (iii) the Company receives prior written notice of such transfer.

Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised by Participant Optionee in accordance with the following schedule: (b) During the lifetime of ParticipantOptionee, the Option shall be exercisable only by Participant Optionee and shall not be assignable or transferable by ParticipantOptionee, other than by will or the laws of descent and distribution. Notwithstanding the foregoing, Participant Optionee may transfer the Option to any Family Member (as such term is defined in the General Instructions to Form S-8 (or successor to such Instructions or such Form)), ; provided, however, that (i) Participant Optionee may not receive any consideration for such transfer, (ii) the Family Member must agree in writing not to make any subsequent transfers of the Option other than by will or the laws of the descent and distribution and (iii) the Company receives prior written notice of such transfer.

Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised for vested Shares by Participant Optionee in accordance with the following schedule: (b) During the lifetime of ParticipantOptionee, the Option shall be exercisable only by Participant Optionee and shall not be assignable or transferable by ParticipantOptionee, other than by will or the laws of descent and distribution. Notwithstanding the foregoing; provided however, Participant that Optionee may transfer the Option to any "Family Member Member" (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form)) under the Securities Act), provided, however, provided that (i) the Participant may not receive any consideration for such transfer, (ii) the Family Member must agree in writing may not to make any subsequent transfers of the Option other than by will or by the laws of the descent and distribution and (iii) the Company receives prior written notice of such transfer.

Vesting of Option Rights. (a) Except as otherwise provided in this Agreement, the Option may be exercised by Participant Optionee in accordance with the following schedule:: Vesting Date Number of Shares with Respect to Which the Option is Exercisable Percentage of Option Vesting (b) During the lifetime of ParticipantOptionee, the Option shall be exercisable only by Participant Optionee and shall not be assignable or transferable by ParticipantOptionee, other than by will or the laws of descent and distribution. Notwithstanding the foregoing, Participant Optionee may transfer the Option to any Family Member (as such term is defined in the General Instructions to Form S-8 (or successor to such Instructions or such Form)), ; provided, however, that (i) Participant Optionee may not receive any consideration for such transfer, (ii) the Family Member must agree in writing not to make any subsequent transfers of the Option other than by will or the laws of the descent and distribution distribution, and (iii) the Company receives prior written notice of such transfer.