Options Not Transferable. This Option may be exercised during the lifetime of the Optionee only by the Optionee. The Optionee's rights and interests under this Agreement and in and to the Option may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except by will or the laws of descent or distribution.
Appears in 8 contracts
Samples: Stock Option Agreement (Luminent Inc), Stock Option Agreement (Luminent Inc), Stock Option Agreement (MRV Communications Inc)
Options Not Transferable. This Option The Option(s) may be exercised during the lifetime of the Optionee only by the Optionee. The Optionee's rights and interests under this Agreement and in and to the Option Option(s) may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except by will or the laws of descent or distribution.
Appears in 3 contracts
Samples: Stock Option Agreement (Kennedy Wilson Inc), Stock Option Agreement (Craftclick Com Inc), 1 (MRV Communications Inc)
Options Not Transferable. This Option The Option(s) may be exercised during the lifetime of the Optionee only by the Optionee. The Optionee's ’s rights and interests under this Agreement and in and to the Option Option(s) may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except by will or the laws of descent or distribution.
Appears in 1 contract
Options Not Transferable. This Option The Option(s) may be exercised during ------------------------ the lifetime of the Optionee only by the Optionee. The Optionee's rights and interests under this Agreement and in and to the Option Option(s) may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except by will or the laws of descent or distribution.
Appears in 1 contract
Options Not Transferable. This Option The Option(s) may be exercised during the lifetime of the Optionee only by the Optionee. The Optionee's rights and interests under this Agreement and in and to the Option Option(s) may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except by will or the laws of descent or distributiondistribution subject to the provisions of section 8(e) of the Plan.
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Options Not Transferable. This Option Except as provided in Section 4(c), the ------------------------ Options granted herein may be exercised only during the lifetime of the Optionee and only by the Optionee. The Optionee's rights and interests under this Agreement and in and to the Option Options may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except whether by will or the laws of descent or distribution.
Appears in 1 contract
Options Not Transferable. This Option The Option(s) may be exercised during the ------------------------ lifetime of the Optionee only by the Optionee. The Optionee's rights and interests under this Agreement and in and to the Option Option(s) may not be sold, pledged, hypothecated, assigned, encumbered, gifted or otherwise transferred in any manner, either voluntarily or involuntarily by operation of law, except by will or the laws of descent or distribution.
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