Common use of Option Nontransferable Clause in Contracts

Option Nontransferable. This option is not transferable otherwise than by will or the law or descent or distribution and is exercisable during the Employee’s lifetime only by the Employee or his guardian or legal representative.

Appears in 8 contracts

Samples: Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp)

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Option Nontransferable. This option Option is not transferable otherwise than by will or the law or laws of descent or distribution and and, during Employee’s lifetime, is exercisable during the Employee’s lifetime only by the Employee or his or her guardian or legal representative.

Appears in 7 contracts

Samples: Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp)

Option Nontransferable. This option is not transferable otherwise than by will or the law or laws of descent or distribution and is exercisable during the Employee’s lifetime only by the Employee or his or her guardian or legal representative.

Appears in 4 contracts

Samples: Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp)

Option Nontransferable. This option is not transferable otherwise than by will or the law or laws of descent or distribution and and, during Employee’s lifetime, is exercisable during the Employee’s lifetime only by the Employee or his or her guardian or legal representative.

Appears in 3 contracts

Samples: Stock Option Agreement (Christopher & Banks Corp), Non Qualified Stock Option Agreement (Christopher & Banks Corp), Stock Option Agreement (Christopher & Banks Corp)

Option Nontransferable. This option Option is not transferable otherwise than by will or the law or laws of descent or distribution and and, during Employee’s lifetime, is exercisable during the Employee’s lifetime only by the Employee or his her guardian or legal representative.

Appears in 2 contracts

Samples: Stock Option Agreement (Christopher & Banks Corp), Employment Agreement (Christopher & Banks Corp)

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Option Nontransferable. This option is not transferable otherwise than by will or the law or descent or distribution and is exercisable during the Employee’s 's lifetime only by the Employee or his guardian or legal representative, and is transferable only by will or the laws of descent or distribution. Upon the death of the Employee, this option is exercisable as provided in Section 6(a)(viii).

Appears in 1 contract

Samples: Employment and Stock Option Agreement (Park Meridian Financial Corp)

Option Nontransferable. This option is not transferable otherwise than by will or the law or laws of descent or distribution and is shall be exercisable during the Employee’s your lifetime only by the Employee or his Employee, the Employee’s guardian or legal representative.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Financial Institutions Inc)

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