Common use of Non-Assignability of Option Clause in Contracts

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution. During the life of the Optionee, this Option shall be exercisable only by him/her.

Appears in 11 contracts

Samples: Non Qualified Stock Option Agreement (Courier Corp), Incentive Stock Option Agreement (Courier Corp), Non Qualified Stock Option Agreement (Courier Corp)

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Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except otherwise than by will or by the laws of descent and distribution. During the life of the Optionee’s lifetime, this Option shall be exercisable only by him/herthe Optionee or by his guardian or legal representative. This Option shall not be subject to execution, attachment or similar process.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Pier 1 Imports Inc/De), Non Qualified Stock Option Agreement (Pier 1 Imports Inc/De), Non Qualified Stock Option Agreement (Pier 1 Imports Inc/De)

Non-Assignability of Option. This Option shall may not be assignable transferred or transferable assigned by the Optionee except other than by will or by the laws of descent and distribution. During the life of the Optionee, this Option shall be exercisable only by him/her.

Appears in 3 contracts

Samples: Stock Option Agreement (Toucan Gold Corp), Stock Option Agreement (Firstplus Financial Group Inc), Stock Option Agreement (Toucan Gold Corp)

Non-Assignability of Option. This The Option shall is not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution. During the life of the Optionee, this the Option shall be is exercisable only by him/herthe Optionee or by the Optionee's guardian or legal representative.

Appears in 2 contracts

Samples: Option Agreement (Pt 1communications Inc), Option Agreement (Pt 1communications Inc)

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Non-Assignability of Option. This No Option shall not be assignable or transferable by the Optionee except otherwise than by will or by the laws of descent and distribution. During the life of the an Optionee, this an Option shall be exercisable only by him/herthe Optionee.

Appears in 1 contract

Samples: Incentive Stock Option and Stock Appreciation Right Agreement (Circle Bancorp)

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except otherwise than by will or by the laws of descent and distribution. During the life of the Optionee, and this Option shall be exercisable during the Optionee's lifetime only by him/herthe Optionee or by his guardian or legal representative. This Option shall not be subject to execution, attachment or similar process.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Pier 1 Imports Inc/De)

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