Who Can Exercise. During your lifetime the Options shall be exercisable only by you. No assignment or transfer of the Options, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution or pursuant to a Qualified Domestic Relations Order, shall vest in the assignee or transferee any interest whatsoever.
Appears in 5 contracts
Samples: Stock Option Grant Agreement (Babcock & Wilcox Co), W Stock Option Grant Agreement (Babcock & Wilcox Co), Stock Option (McDermott International Inc)
Who Can Exercise. During your lifetime the Options shall be exercisable only by you. No assignment or transfer of the Options, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution or pursuant to a Qualified Domestic Relations Orderqualified domestic relations order, shall vest in the assignee or transferee any interest whatsoever.
Appears in 5 contracts
Samples: Stock Option (Babcock & Wilcox Enterprises, Inc.), 2015 Stock Option (Babcock & Wilcox Co), 2014 Stock Option (Babcock & Wilcox Co)
Who Can Exercise. During your lifetime lifetime, the Options shall be exercisable only by you. No assignment or transfer of the Options, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution or pursuant to a Qualified Domestic Relations Orderas otherwise required by applicable law, shall vest in the assignee or transferee any interest whatsoever. Upon your death, your estate (or the beneficiary that receives the Options under your will) may exercise vested Options.
Appears in 4 contracts
Samples: Options Award Agreement (Hewitt Associates Inc), Hewitt Global Stock (Hewitt Associates Inc), Award Agreement (Hewitt Associates Inc)
Who Can Exercise. During your lifetime lifetime, the Options Option shall be exercisable only by you. No assignment or transfer of the OptionsOption, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution or pursuant to a Qualified Domestic Relations Order, shall vest in the assignee or transferee any interest whatsoever.
Appears in 3 contracts
Samples: Stock Option Grant Agreement (McDermott International Inc), Stock Option Grant Agreement (McDermott International Inc), Stock Option Grant Agreement (McDermott International Inc)
Who Can Exercise. During your lifetime the Options shall will be exercisable only by you. No assignment or transfer of the Options, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution or pursuant to a Qualified Domestic Relations Orderas otherwise required by applicable law, shall will vest in the assignee or transferee any interest whatsoever.
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