Non-Transferability of Options. The Options granted hereunder may not be transferred in any manner otherwise than by will or the laws of descent and distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/her. The terms of the Options granted hereunder shall be binding upon the executors, administrators, heirs and successors of the Optionee.
Appears in 4 contracts
Samples: Stock Option Agreement (Consolidated Technology Group LTD), Stock Option Agreement (Consolidated Technology Group LTD), Stock Option Agreement (Toh Henry Y L)
Non-Transferability of Options. The Options granted hereunder may not be transferred in any manner otherwise other than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/her. The terms of the Options granted hereunder this Agreement shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.
Appears in 3 contracts
Samples: Stock Option Agreement (Trescom International Inc), Stock Option Agreement (Trescom International Inc), Stock Option Agreement (Trescom International Inc)
Non-Transferability of Options. The Options option granted hereunder may shall not be transferred in any manner transferable by Optionee otherwise than by will or the laws of descent and distribution distribution, or to Optionee and (other than in his wife by tenants by the event of the Optionee's death or incapacity) entireties and may be exercised during the lifetime of the Optionee only by him/her. The terms of the Options granted hereunder shall be binding upon the executors, administrators, heirs and successors of the Optionee.
Appears in 2 contracts
Samples: Stock Option Agreement (XRG Inc), Stock Option Agreement (XRG Inc)
Non-Transferability of Options. The These Options granted hereunder may not be transferred in any manner otherwise than by will or the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herthe Optionee. The terms of the these Options granted hereunder shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.
Appears in 2 contracts
Samples: Stock Option Agreement (FSF Financial Corp), Stock Option Agreement (FSF Financial Corp)
Non-Transferability of Options. The These Options granted hereunder may not be transferred in any manner otherwise than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herOptionee. The terms of the Options granted hereunder Plan and this Option Agreement shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.
Appears in 2 contracts
Samples: Employment Agreement (Imarx Therapeutics Inc), Employment Agreement (Imarx Therapeutics Inc)
Non-Transferability of Options. (a) The Options granted hereunder Option may not be transferred in any manner otherwise than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herOptionee. The terms of the Options granted hereunder Plan and this Option Agreement shall be binding upon the executors, administratorsheirs, heirs successors and successors assigns of the Optionee.
Appears in 1 contract
Samples: Option Agreement (Micronet Enertec Technologies, Inc.)
Non-Transferability of Options. The Options granted hereunder may not be transferred in any manner otherwise other than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herthe Optionee. The terms of the Options granted hereunder this Agreement shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.
Appears in 1 contract
