Common use of Stock Option Transferable in Limited Circumstances Clause in Contracts

Stock Option Transferable in Limited Circumstances. This Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, may be transferred to a family member, trust or charitable organization to the extent permitted by applicable law; provided that the transferee agrees in writing with the Company to be bound by the terms of this Agreement and the Plan. Except as permitted in the preceding sentence, the Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, are not transferable otherwise than by will or by the laws of descent and distribution, and this Stock Option shall be exercisable during the Optionee's lifetime only by the Optionee.

Stock Option Transferable in Limited Circumstances. This The Stock Option, and, prior to the Restriction Restricted Termination Date, the Issued Shares, may be transferred to a family member, trust or charitable organization to the extent permitted by applicable law; provided that the transferee agrees in writing with the Company to be bound by the terms of this Agreement and the Plan. Except as permitted in the preceding sentence, the Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, are not transferable otherwise than by will or by the laws of descent and distribution, and this the Stock Option shall be exercisable during the Optionee's Employee’s lifetime only by the OptioneeEmployee.

Stock Option Transferable in Limited Circumstances. This The Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, may be transferred to a family member, trust or charitable organization to the extent permitted by applicable law; provided that the transferee agrees in writing with the Company to be bound by the terms of this Agreement and the Plan. Except as permitted in the preceding sentence, the Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, are not transferable otherwise than by will or by the laws of descent and distribution, and this the Stock Option shall be exercisable during the Optionee's Employee’s lifetime only by the OptioneeEmployee.

Stock Option Transferable in Limited Circumstances. This Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, may be transferred to a family member, trust or charitable organization to the extent permitted by applicable law; provided that the transferee agrees in writing with the Company to be bound by the terms of this Agreement and the Plan. Except as permitted in the preceding sentence, the Stock Option, and, prior to the Restriction Termination Date, the Issued Shares, are not transferable otherwise than by will or by the laws of descent and distribution, and this Stock Option shall be exercisable during the Optionee's ’s lifetime only by the Optionee.