Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director of the Company. Except as otherwise permitted by the Committee, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution.
Appears in 14 contracts
Samples: Non Qualified Stock Option Agreement (On Semiconductor Corp), Non Qualified Stock Option Agreement (On Semiconductor Corp), Qualified Stock Option Agreement (On Semiconductor Corp)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution.
Appears in 9 contracts
Samples: Performance Based Stock Option Agreement (On Semiconductor Corp), Performance Based Stock Option Agreement (On Semiconductor Corp), Option Agreement (On Semiconductor Corp)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 aboveand 13, only by the Optionee during his lifetime and while a Director in the employment or service of the Company. Except set forth in paragraph 8 and as otherwise permitted provided by the CommitteeBoard, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other circumstances as the Board deems acceptable.
Appears in 7 contracts
Samples: Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (Mona Michael Joseph Jr), Non Qualified Stock Option Agreement (CV Sciences, Inc.)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof above and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other events as are set forth in the Plan.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (I/Omagic Corp), Telenetics Corporation 2000 Stock Option Plan Incentive Stock Option Agreement (Telenetics Corp), Incentive Stock Option Agreement (I/Omagic Corp)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof above and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other events as are set forth in the Plan.
Appears in 4 contracts
Samples: Option Plan Incentive Stock Option Agreement (Biogan International Inc), 2004 Stock Option Plan Non Qualified Stock Option Agreement (Pacific Ethanol, Inc.), Non Qualified Stock Option Agreement (Netguru Inc)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph Section 4 hereof and, except as provided in paragraph Section 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution.
Appears in 2 contracts
Samples: 2007 Stock Plan Non Qualified Stock Option Agreement (Abtech Holdings, Inc.), Stock Plan Incentive Stock Option Agreement (Abtech Holdings, Inc.)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 aboveand 14, only by the Optionee during his lifetime and while a Director in the employment or service of the Company. Except as otherwise permitted provided by the CommitteeBoard, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other circumstances as the Board deems acceptable.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Livedeal Inc), Non Qualified Stock Option Agreement (Blue Fire Equipment Corp)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other events as set forth in Section 13.6 of the Plan.
Appears in 2 contracts
Samples: Qualified Stock Option Agreement (SCG Holding Corp), Plan Incentive Stock Option Agreement (SCG Holding Corp)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director of the Company. Except as otherwise permitted by the Committee, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or as otherwise provided under Article 13 of the Plan.
Appears in 1 contract
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other events as are set forth in the Plan.
Appears in 1 contract
Samples: Option Plan Non Qualified Stock Option Agreement (Biogan International Inc)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph Section 4 hereof above and, except as provided in paragraph Section 8 above, only by the Optionee (regardless of any community property interests therein of the Optionee's spouse, if any) during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution.
Appears in 1 contract
Samples: Plan Non Qualified Stock Option Agreement (Raptor Networks Technology Inc)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 9 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or as otherwise provided under Article 13 of the Plan.
Appears in 1 contract
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director in the employment or service of the Company. Except as otherwise permitted provided by the Committee, this Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distributiondistribution or such other circumstances as the Committee deems acceptable pursuant to Section 10(e) of the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Clear Choice Financial, Inc.)
Nontransferability. The Option granted by this Option Agreement shall be exercisable only during the term of the Option provided in paragraph 4 hereof above and, except as provided in paragraph 8 above, only by the Optionee during his lifetime and while a Director an Optionee of the Company. Except as otherwise permitted by the Committee, this This Option shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution.
Appears in 1 contract
