OF OPTIONS. During the lifetime of the Optionee, Incentive Options shall be exercisable only by the Optionee and shall not be assignable or transferable other than by will or by the laws of descent and distribution following the Optionee’s death. However, a Non- Statutory Option may be assigned in whole or in part during the Optionee’s lifetime. The assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for the option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Plan Administrator may deem appropriate.
OF OPTIONS. The Union acknowledges that it is the exclusive function of OPTIONS to manage the affairs of the corporation, subject to the provisions of the Collective Agreement.
OF OPTIONS. The following option grants by FirstCom to the Executive shall vest, without further action, in full as of the Effective Date:
OF OPTIONS. Subject to such further limitations as are provided for herein, the Options shall vest, if at all (and be exercisable once vested) in the following amounts:
OF OPTIONS. The Union edges that it is function of OPTIONS to man- age the affairs of the corporation, subject to the provisions of the Collective Agreement:
