Nontransferability of Options. The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.
Appears in 35 contracts
Samples: Incentive Stock Option Agreement (Organa Gardens International), Incentive Stock Option Agreement (Organa Gardens International), Incentive Stock Option Agreement (Organa Gardens International)
Nontransferability of Options. The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's ’s lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's ’s death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's ’s personal representatives and their authority and of the right of any heir or distributee to exercise the Option.
Appears in 17 contracts
Samples: Nonqualified Share Option Agreement (Algae Dynamics Corp.), Nonqualified Stock Option Agreement (Bravatek Solutions, Inc.), Nonqualified Stock Option Agreement (Liberty Silver Corp)
Nontransferability of Options. The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's ’s lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's ’s death, the Committee Company may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's ’s personal representatives and their authority and of the right of any heir or distributee to exercise the Option.
Appears in 7 contracts
Samples: Stock Option Agreement (Liberty Silver Corp), Employment Agreement (Liberty Silver Corp), Stock Option Agreement (Liberty Silver Corp)
Nontransferability of Options. The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.. f.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Golden Spirit Enterprises Ltd.)
Nontransferability of Options. The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's ’s lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's ’s death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal ’s persona l representatives and their authority and of the right of any heir or distributee to exercise the Option.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Bravatek Solutions, Inc.)
