Non-Assignability of Option. The OPTION shall not be assignable or otherwise transferable by the OPTIONEE except by will or by the laws of descent and distribution. The OPTION may not be exercised during the lifetime of the OPTIONEE except by him, his guardian or legal representative.
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Samples: Stock Option Agreement (Barry R G Corp /Oh/), Stock Option Agreement (Barry R G Corp /Oh/), Stock Option Agreement (Barry R G Corp /Oh/)
Non-Assignability of Option. The OPTION shall not be assignable or otherwise transferable by the OPTIONEE except by will or by the applicable laws of descent and distribution. The OPTION may not be exercised during During the lifetime of the OPTIONEE, the OPTION may only be exercised by the OPTIONEE except by him, his or the OPTIONEE's guardian or legal representative.
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Non-Assignability of Option. The Unless otherwise permitted by the BOARD, the OPTION shall not be assignable or otherwise transferable by the OPTIONEE except by will or by the applicable laws of descent and distribution. The OPTION may not be exercised during During the lifetime of the OPTIONEE, the OPTION may only be exercised by the OPTIONEE except by him, his or the OPTIONEE's guardian or legal representative. If the BOARD permits the assignment of the OPTION, the OPTION shall be assignable only to the extent permitted by Section 10.01 of the 2002 PLAN, regardless that the OPTION is not being granted under such plan.
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