Non-Transferability of the Option. The Option may not be sold, pledged, assigned, hypotencated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and assignees of the Participant.
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Samples: Stand Alone Stock Option Agreement (Hewlett Packard Co), Stand Alone Stock Option Agreement (Hewlett Packard Co), Corporation Stand Alone Stock Option Agreement (3com Corp)
Non-Transferability of the Option. The Option may not be sold, pledged, assigned, hypotencatedhypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and assignees of the Participant.
Appears in 2 contracts
Samples: Stand Alone Stock Option Agreement (Hewlett Packard Co), Stand Alone Stock Option Agreement (3com Corp)
Non-Transferability of the Option. The Option may not be sold, pledged, assigned, hypotencated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and assignees of the Participant.
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