Nontransferability of Stock Option. The Stock Option is not transferable by the Optionee other than by will or the applicable laws of descent and distribution and are exercisable during the Optionee’s lifetime only by the Optionee.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (RXi Pharmaceuticals Corp), Incentive Stock Option Agreement (RXi Pharmaceuticals Corp)
Nontransferability of Stock Option. The This Stock Option is may not transferable by the Optionee other than be sold, assigned, transferred, pledged or otherwise encumbered except by will or the applicable laws of descent and distribution distribution, and are is exercisable during the Optionee’s Optionee lifetime only by the Optionee.
Appears in 1 contract
Nontransferability of Stock Option. The No Stock Option is not shall be transferable by the Optionee other than by will or by the applicable laws of descent and distribution and are distribution. During the lifetime of the Holder, the Stock Option shall be exercisable during the Optionee’s lifetime only by the OptioneeHolder.
Appears in 1 contract
Samples: Stock Option Agreement (Gelman Gary)
