Assignability of Option. This Option may not be transferred or assigned by the Optionee otherwise than by will or the laws of descent and distribution.
Assignability of Option. The Optionee may sell, assign or otherwise transfer the Option or any of its rights under this Agreement to any Affiliate in the Optionee’s discretion. In the event that the Optioned Shares are transferred from the Optionor by operation of law (e.g., by dissolution or levy) or transferred to an Affiliate of the Optionor prior to the Termination Date, such transfer of the Optioned Shares shall be subject to the terms of this Option.
Assignability of Option. The Option is non-assignable, and any attempted assignment of the Option by Buyer is void and shall cause the Option to terminate automatically without notice.
Assignability of Option. To the extent this Option is not an ------------------------- incentive stock option as defined in Section 422 of the Internal Revenue Code, interests in the Option shall be freely transferable and assignable.
Assignability of Option. The Company may assign any of its rights under this Agreement and the Option Exercise Agreement. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in the Plan and the Option Exercise Agreement, this Agreement shall be binding upon Holder and Holder’s heirs, executors, administrators, legal representatives, successors and assigns.
Assignability of Option. The Option is personal to the Optionee. Accordingly, the Optionee may sell, assign or otherwise transfer the Option or any of its rights under this Agreement without the prior written consent of the Optionor.
Assignability of Option. This Option may not be transferred Section 4. or assigned by the Optionee otherwise than by will or the laws of descent and distribution.
Assignability of Option. Alcis may not assign this Purchase Option Agreement without the prior written consent of BioZone, which consent shall not be unreasonably withheld.
Assignability of Option. The Option is not assignable; provided however the Option may be assigned to a permitted assignee of the existing Lease if assigned concurrently with an assignment of such Lease to such permitted assignee.
Assignability of Option. This Stock Option is not assignable and any attempt to do so shall be null and void.
