Common use of Restrictions on Exercise Clause in Contracts

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 21 contracts

Samples: Employment Agreement (Zynerba Pharmeceuticals, Inc.), Employment Agreement (Zynerba Pharmeceuticals, Inc.), Employment Agreement (Zynerba Pharmeceuticals, Inc.)

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Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 18 contracts

Samples: Employment Agreement (Repro Med Systems Inc), Employment Agreement (Repro Med Systems Inc), Employment Agreement (Fibrocell Science, Inc.)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s 's lifetime and, after the Grantee’s 's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 9 contracts

Samples: Stock Option Grant Agreement (Dyadic International Inc), Stock Option Grant Agreement (Dyadic International Inc), Stock Option Grant Agreement (Dyadic International Inc)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after lifetime. After the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 9 contracts

Samples: 2004 Equity Incentive (Animas Corp), Incentive Stock Option Grant (Vertical Health Solutions Inc), Incentive Stock Option Grant (GAIN Capital Holdings, Inc.)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option Options by will or by the laws of descent and distribution, to the extent that the Option is Options are exercisable pursuant to this Agreement.

Appears in 6 contracts

Samples: Stock Option Grant Agreement (Spanish Broadcasting System Inc), Stock Option Grant Agreement (Spanish Broadcasting System Inc), Stock Option Grant Agreement (Spanish Broadcasting System Inc)

Restrictions on Exercise. Except as the Board Directors may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Auxilium Pharmaceuticals Inc), Nonqualified Stock Option Agreement (Auxilium Pharmaceuticals Inc), Nonqualified Stock Option Agreement (Auxilium Pharmaceuticals Inc)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Auxilium Pharmaceuticals Inc), Incentive Stock Option Agreement (Auxilium Pharmaceuticals Inc), Stock Option Grant Agreement (Dyadic International Inc)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 4 contracts

Samples: Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/), Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/), Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/)

Restrictions on Exercise. Except as the Board Company may otherwise permit pursuant to the Planpermit, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 4 contracts

Samples: Stock Option Agreement (Wireless Telecom Group Inc), Stock Option Agreement (Wireless Telecom Group Inc), Stock Option Agreement (Wireless Telecom Group Inc)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, in each case, solely to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 3 contracts

Samples: Nonqualified Stock Option Grant (Church & Dwight Co Inc /De/), Stock Option Grant Agreement (Church & Dwight Co Inc /De/), Nonqualified Stock Option (Church & Dwight Co Inc /De/)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Planauthorize in its sole discretion, in writing, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Planthis Agreement) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award (KORU Medical Systems, Inc.), Nonqualified Stock Option Award (KORU Medical Systems, Inc.), Nonqualified Stock Option Award (KORU Medical Systems, Inc.)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.. FIRST POTOMAC REALTY TRUST NONQUALIFIED STOCK OPTION AGREEMENT

Appears in 2 contracts

Samples: Nonqualified Share Option Agreement (First Potomac Realty Trust), Nonqualified Share Option Agreement (First Potomac Realty Trust)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, in each case, solely to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 2 contracts

Samples: Nonqualified Stock Option Grant (Church & Dwight Co Inc /De/), Nonqualified Stock Option (Church & Dwight Co Inc /De/)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s 's lifetime and, after the Grantee’s 's death, the Option shall be exercisable (subject to the limitations specified in the Planherein) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 2 contracts

Samples: I Trax Inc, I Trax Inc

Restrictions on Exercise. Except as the Board Company may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 2 contracts

Samples: Djo Incorporated (DJO Finance LLC), Nonqualified Stock Option Grant Agreement (Inspire Pharmaceuticals Inc)

Restrictions on Exercise. Except as the Board Compensation Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal personal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 2 contracts

Samples: Nonqualified Stock Option Grant (Marshall Edwards Inc), Nonqualified Stock Option Grant (Marshall Edwards Inc)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the PlanPlan or as may be provided in the Grantee’s employment agreement, if any, with the Company, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Marlin Business Services Corp), Nonqualified Stock Option Agreement (Marlin Business Services Corp)

Restrictions on Exercise. Except as the Board Company or Compensation Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal personal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 2 contracts

Samples: Nonqualified Stock Option Grant (MEI Pharma, Inc.), Nonqualified Stock Option Grant (MEI Pharma, Inc.)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Planthis Agreement) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Nonqualified Stock Option Grant Agreement (NewLake Capital Partners, Inc.)

Restrictions on Exercise. (a) Except as the Board may otherwise permit pursuant to the PlanPlan or as described in Section 6(b), only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Grant (FlexShopper, Inc.)

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Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during ------------------------ the Grantee’s lifetime and, after 's lifetime. After the Grantee’s 's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Intelligent Life Corp

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after 's lifetime. After the Grantee’s 's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Med-Design Corp)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after lifetime. After the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who - 2 - acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Equity Compensation Plan (Bankrate, Inc.)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after 's lifetime. After the Grantee’s 's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this AgreementStock Option Grant.

Appears in 1 contract

Samples: Stock Option Grant (Cash Systems Inc)

Restrictions on Exercise. (a) Except as the Board may otherwise permit pursuant to the PlanPlan or as described in Section ‎6(b), only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Nonqualified Stock Option Grant (Anchor Funding Services, Inc.)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution’s estate, to the extent that the Option is exercisable pursuant to this Agreementthese Grant Conditions.

Appears in 1 contract

Samples: 2017 Stock Option Agreement (Aqua America Inc)

Restrictions on Exercise. Except as the Board Company or Compensation Committee may otherwise permit pursuant to the Inducement Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Inducement Plan) solely by the legal personal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Nonqualified Stock Option Grant (MEI Pharma, Inc.)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.. DB1/ 83696093.3

Appears in 1 contract

Samples: Nonqualified Stock Option Grant Agreement (Antares Pharma, Inc.)

Restrictions on Exercise. Except as the Board may otherwise permit pursuant to the Plan, only Only the Grantee may exercise the Option during the Grantee’s lifetime and, after lifetime. After the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this AgreementGrant Instrument.

Appears in 1 contract

Samples: Nonqualified Stock Option Grant (Genspera Inc)

Restrictions on Exercise. Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the vested portion of the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Spanish Broadcasting System Inc)

Restrictions on Exercise.  Except as the Board Committee may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s lifetime and, after the Grantee’s death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution’s estate, to the extent that the Option is exercisable pursuant to this Agreement.these Grant Conditions. 

Appears in 1 contract

Samples: Essential Utilities, Inc.

Restrictions on Exercise. Except as the Board Company may otherwise permit pursuant to the Plan, only the Grantee may exercise the Option during the Grantee’s 's lifetime and, after the Grantee’s 's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the legal representatives of the Grantee, or by the person who acquires the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is exercisable pursuant to this Agreement.

Appears in 1 contract

Samples: Nonqualified Stock Option Grant Agreement (Dusa Pharmaceuticals Inc)

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