Nontransferable. No rights granted under this Option --------------- shall be transferable by the Optionee and such rights shall be exercisable during the Optionee's lifetime only by the Optionee. To the extent this Option Agreement provides for the exercise of this Option after the death of the Optionee, the personal representative of the Optionee's estate thereafter shall be treated as the Optionee under this Option Agreement.
Appears in 12 contracts
Samples: Stock Option Agreement (Kentucky Investors Inc), Stock Option Agreement (Kentucky Investors Inc), Stock Option Agreement (Kentucky Investors Inc)