Restrictions on Transfer and Exercise. (a) This option shall be exercisable during the Optionee’s lifetime only by the Optionee and shall be nontransferable by the Optionee otherwise than by will or the laws of descent and distribution or through a property settlement upon dissolution of marriage.
Appears in 2 contracts
Samples: Stock Option Agreement (AgeX Therapeutics, Inc.), Stock Option Agreement (OncoCyte Corp)
Restrictions on Transfer and Exercise. (a) This option shall be exercisable during the Optionee’s 's lifetime only by the Optionee and shall be nontransferable by the Optionee otherwise than by will or the laws of descent and distribution or through a property settlement upon dissolution of marriage.
Appears in 2 contracts
Samples: Stock Option Agreement (Biotime Inc), Stock Option Agreement (Asterias Biotherapeutics, Inc.)
