ASSIGNABILITY OF OPTIONS. No Option granted pursuant to this Agreement may be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of, in whole or in part, either voluntarily or involuntarily, except with the prior written consent of the Company, and such Option may be exercised, during the lifetime of the Employee, only by Employee. Any attempted assignment, transfer, pledge, hypothecation, sale or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the Option, shall be null and void and without effect.
ASSIGNABILITY OF OPTIONS. The Options may be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of (collectively, a "Transfer"), in whole or in part, either voluntarily or involuntarily, provided that in the opinion of the Company's counsel or counsel to the Optionee (in either case at the expense of Optionee) such Transfer may be made in compliance with applicable federal, state, or other securities laws.
ASSIGNABILITY OF OPTIONS. Dakota may assign either or both of the Options in whole or part in its sole discretion. Dakota may designate in an Exercise Notice any Person or Persons to take title to all or any part of the Common Stock and Separated Rights, if any, being purchased in connection with the exercise described in such Exercise Notice.
ASSIGNABILITY OF OPTIONS. Options shall not be assignable or otherwise transferable by the Optionee except by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code of 1986, as amended or Title I of the Employee Retirement Income Security Act, or the rules thereunder. Except as otherwise set forth herein, the Options shall only be exercised by the Optionee. Notwithstanding the foregoing, the Option may be transferred to a Permitted Transferee (as defined below), subject to the following conditions:
ASSIGNABILITY OF OPTIONS. The Options may not be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of, in whole or in part, either voluntarily or involuntarily, except with the prior written consent of the Company.
ASSIGNABILITY OF OPTIONS. Each of the options set forth in Section 6 above and Section 29 below may be exercised by any Transferee pursuant to a Transfer permitted hereunder if the same are in effect on the date of exercise. The option to purchase set forth in Section 29 below shall be assignable by Tenant, without consent of Landlord, to an investor group managed by Xxxxxxx Xxxxx, Chairman of the Board of Tenant but otherwise such option is non-assignable except as part of a permitted Transfer hereunder.
ASSIGNABILITY OF OPTIONS. SCRRA, at its sole discretion, may exercise Options for its own procurement and/or assign Options to other eligible public agencies for Option Locomotives. Assigned agencies will enter into individual contracts with the Contractor to govern their procurements. SCRRA's right of assignment will remain in force over the entire term of the Contract or until all contract options are expended, whichever occurs first. SCRRA shall incur no financial responsibility or other liability in connection with contracts entered into between the Contractor and another public agency. The public agency shall accept sole responsibility for placing orders or making payments to the Contractor.
ASSIGNABILITY OF OPTIONS. An Option issued pursuant to this Agreement may not be assigned, transferred, pledged, hypothecated, sold or otherwise disposed of, in whole or in part, either voluntarily or involuntarily, except as hereinafter provided, and the Option may be exercised, during the lifetime of an Principal, only by him. Any attempted assignment, transfer, pledge, hypothecation, sale or other disposition of an Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon an Option, shall be null and void and without effect. Notwithstanding the foregoing, Principal should die prior to the earlier of the expiration of this Agreement or the exercise in full of the Option, then the Option may be exercised by the Investor's executors or administrators. The Option, to the extent not so exercised, shall forthwith terminate.
ASSIGNABILITY OF OPTIONS. The Options granted herein to Investor are non-assignable and any attempted assignment of all or any part of the Options by Investor shall be null and void and shall cause the Options to terminate automatically without notice except that Investor shall have the right, upon written notice to the Company, to assign this Agreement to (i) an entity
ASSIGNABILITY OF OPTIONS. 13 The AUTHORITY may assign all or a portion of the vehicle options to another entity.
