Restrictions on Transfer of Option. (a) Except as otherwise permitted by the Plan, the Option may not be transferred except by will or the laws of descent and distribution and may not be exercised during the lifetime of the Optionee except by the Optionee or the Optionee’s guardian or legal representative acting on behalf of the Optionee in a fiduciary capacity under state law and court supervision.
Appears in 4 contracts
Samples: Stock Option Agreement (Flowers Foods Inc), Nonqualified Stock Option Agreement (Flowers Foods Inc), Stock Option Agreement (Flowers Foods Inc)