Nontransferability of Options. During the lifetime of the Optionee, an Option shall be exercisable only by the Optionee or the Optionee's guardian or legal representative. No Option shall be assignable or transferable by the Optionee, except by will or by the laws of descent and distribution.
Appears in 5 contracts
Samples: Incentive Stock Option Agreement (C2i Solutions Inc), Stock Purchase Agreement (General Magic Inc), Stock Option Assumption Agreement (Cisco Systems Inc)
Nontransferability of Options. During the lifetime of the Optionee, an Option shall be exercisable only The Options are not transferable by the Optionee or the Optionee's guardian or legal representative. No Option shall be assignable or transferable by the Optionee, except other than by will or by the applicable laws of descent and distributiondistribution and are exercisable during the Optionee’s lifetime only by the Optionee.
Appears in 2 contracts
Samples: Senior Management Stock Option Award (LPL Investment Holdings Inc.), Senior Executive Stock Option Award (LPL Investment Holdings Inc.)
Nontransferability of Options. During the lifetime of the an Optionee, an Option Options held by such Optionee shall be exercisable only by such Optionee or, in the Optionee or the event of an Optionee's ’s disability, by his guardian or legal representative. No Option shall be assignable or transferable by the Optionee, except an Optionee other than by will or by the applicable laws of descent and distribution.
Appears in 1 contract
Nontransferability of Options. During the lifetime of the Optionee, an No Option shall be transferable by the optionee otherwise than by will or the laws of descent and distribution and shall be exercisable during the optionee's lifetime only by the Optionee optionee (or the Optioneeoptionee's guardian or legal representative. No Option shall be assignable or transferable by the Optionee, except by will or by the laws of descent and distribution).
Appears in 1 contract
Samples: Milley Alexander M
