Nontransferability; Death or Disability of Optionee. This option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during Optionee’s lifetime only by Optionee. If Optionee dies while serving as a director or an employee of the Bancorp or a subsidiary corporation, or during the three
Appears in 15 contracts
Samples: Nonqualified Stock Option Agreement (Western Sierra Bancorp), Nonqualified Stock Option Agreement (Western Sierra Bancorp), Nonqualified Stock Option Agreement (Western Sierra Bancorp)