Transfer of this Option. During the Optionee's lifetime, this option shall be exercisable only by the Optionee. This option shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee's death. In the event of the Optionee's death during the term of this Agreement, the Optionee's personal representatives may exercise any portion of this option that remains vested and unexercised at the time of the Optionee's death, provided that any such exercise must be made, if at all, during the period within six (6) months after the Optionee's death, and subject to the option termination date specified in Paragraph 7(d) below.
Appears in 12 contracts
Samples: Director Non Qualified Stock Option Agreement (Royal Mines & Minerals Corp), Director Non Qualified Stock Option Agreement (Pengram Corp), Non Qualified Stock Option Agreement (Royal Mines & Minerals Corp)
Transfer of this Option. During the Optionee's lifetime, this option the options granted herein shall be exercisable only by the Optionee. This option The options shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee's death. In the event of the Optionee's death during the term of this Agreement, the Optionee's personal representatives may exercise any portion of this option the options granted herein that remains remain vested and unexercised at the time of the Optionee's death, provided that any such exercise must be made, if at all, during the period within six (6) months after the Optionee's death, and subject to the option termination date specified in Paragraph 7(d) below.
Appears in 11 contracts
Samples: Non Qualified Stock Option Agreement (Aqua Society, Inc.), Officer Non Qualified Stock Option Agreement (Clyvia Inc), Officer Non Qualified Stock Option Agreement (Clyvia Inc)
