Common use of NONTRANSFERABILITY OF THE OPTION Clause in Contracts

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 hereof, to designate a beneficiary to exercise his rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's guardian or legal representative.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Gehl Co), Nonstatutory Stock Option Agreement (Banta Corp), Non Qualified Stock Option Agreement (Bucyrus International Inc)

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NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 hereof, to designate a beneficiary to exercise his or her rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's ’s guardian or legal representative.

Appears in 3 contracts

Samples: Equity Incentive Plan Nonqualified Stock Option Agreement (Wisconsin Power & Light Co), Equity Incentive Plan (Banta Corp), Equity Incentive Plan (Banta Corp)

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 hereof, to designate a beneficiary to exercise his or her rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's guardian or legal representative.

Appears in 3 contracts

Samples: Equity Incentive Plan Nonqualified Stock Option Agreement (Alliant Energy Corp), Non Qualified Stock Option Agreement (Ridgestone Financial Services Inc), Equity Incentive Plan (Banta Corp)

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 hereof, to designate a beneficiary to exercise his rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's ’s guardian or legal representative.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Gehl Co), Company 2004 Equity Incentive (Gehl Co)

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 6 hereof, to designate a beneficiary to exercise his rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's guardian or legal representative.legal

Appears in 1 contract

Samples: Stock Option Agreement (Gehl Co)

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 6 hereof, to designate a beneficiary to exercise his her rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime life of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's ’s guardian or legal representative.

Appears in 1 contract

Samples: Banta Corporation Equity Incentive Plan (Banta Corp)

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NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 6 hereof, to designate a beneficiary to exercise his rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime life of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's guardian or legal representative.

Appears in 1 contract

Samples: Equity Incentive (Banta Corp)

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 6 hereof, to designate a beneficiary to exercise his rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's ’s guardian or legal representative.

Appears in 1 contract

Samples: Company 2004 Equity Incentive Plan (Gehl Co)

NONTRANSFERABILITY OF THE OPTION. The Option shall not be assignable, alienable, saleable or transferable by the Optionee other than by will or the laws of descent and distribution; provided, however, that the Optionee shall be entitled, in the manner provided in Paragraph 9 6 hereof, to designate a beneficiary to exercise his rights, and to receive any shares of Common Stock issuable, with respect to the Option upon the death of the Optionee. The Option may be exercised during the lifetime of the Optionee only by the Optionee or, if permitted by applicable law, the Optionee's guardian or legal representative.

Appears in 1 contract

Samples: Company 1995 Stock Option Plan Stock Option Agreement (Gehl Co)

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