Nonassignability of Option. This Option is not assignable or transferable by Holder except in accordance with Section 13 of the Plan. Any attempt to assign, pledge, transfer, hypothecate or otherwise dispose of this Option in a manner not herein permitted, and any levy of execution, attachment, or similar process on this Option, shall be null and void.
Appears in 3 contracts
Samples: Seattle Filmworks (Photoworks Inc /Wa), Nonqualified Stock Option Agreement (Christophersen Gary R), Nonqualified Stock Option Agreement (Christophersen Gary R)
Nonassignability of Option. This Option is not assignable or transferable by Holder except in accordance with Section 13 12 of the Plan. Any attempt to assign, pledge, transfer, hypothecate or otherwise dispose of this Option in a manner not herein permitted, and any levy of execution, attachment, or similar process on this Option, shall be null and void.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Pacific Financial Corp), Incentive Stock Option Agreement (Pacific Financial Corp)
Nonassignability of Option. This Option is not assignable or transferable by Holder except in accordance with Section 13 8 of the Plan. Any attempt to assign, pledge, transfer, hypothecate or otherwise dispose of this Option in a manner not herein permitted, and any levy of execution, attachment, or similar process on this Option, shall be null and void.
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