No Sale or Transfer. Unless otherwise required by law, this Option shall not be (x) sold, transferred or otherwise disposed of, (y) pledged or otherwise hypothecated or (z) subject to attachment, execution or levy of any kind, other than by will or by the laws of descent or distribution; provided, however, that any transferred Option will be subject to all of the same terms and conditions as provided in the Plan and this Agreement and the Optionee’s estate or beneficiary appointed in accordance with the Plan will remain liable for any withholding tax that may be imposed by any federal, state or local tax authority.
Appears in 7 contracts
Samples: Nonqualified Stock Option Agreement (C&J Energy Services, Inc.), Nonqualified Stock Option Agreement (C&J Energy Services, Inc.), Stock Option Agreement (C&J Energy Services, Inc.)
