Transferability. The Option shall not be transferable other than by will or the laws of descent and distribution and, during the Optionee's lifetime, shall not be exercisable by any person other than the Optionee.
Appears in 86 contracts
Samples: Stock Option Agreement (Weinreb Mark), Stock Option Agreement (BioRestorative Therapies, Inc.), Form of Stock Option Agreement (Digital Power Corp)
Transferability. The Option shall not be transferable other than by will or the laws of descent and distribution and, during the Optionee's ’s lifetime, shall not be exercisable by any person other than the Optionee.
Appears in 71 contracts
Samples: Employment Agreement (National Medical Health Card Systems Inc), Employment Agreement (HC Innovations, Inc.), Employment Agreement (Kingstone Companies, Inc.)
Transferability. The Option shall is not be transferable other otherwise than by will or the laws of descent and distribution anddistribution, and during the Optionee's lifetime, lifetime of the Optionee the Option shall not be exercisable only by any person other than the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Appears in 16 contracts
Samples: Separation Agreement (Railamerica Inc /De), Stock Option Agreement (U S Energy Systems Inc), Stock Option Agreement (U S Energy Systems Inc)
Transferability. The Option shall not be transferable other than by will or the laws of descent and distribution and, during the Optionee's =s lifetime, shall not be exercisable by any person other than the Optionee.
Appears in 9 contracts
Samples: Stock Option Agreement (Kingstone Companies, Inc.), Stock Option Agreement (Stem Cell Assurance, Inc.), Stock Option Agreement (Stem Cell Assurance, Inc.)
Transferability. The Option shall is not be transferable other otherwise than by will or the laws of descent and distribution andand may be exercised, during the lifetime of the Optionee, only by the Optionee or the Optionee's lifetime, shall not be exercisable by any person other than the Optioneelegal representatives.
Appears in 9 contracts
Samples: Non Qualified Stock Option Agreement (MTR Gaming Group Inc), Non Qualified Stock Option Agreement (MTR Gaming Group Inc), Non Qualified Stock Option Agreement (MTR Gaming Group Inc)
Transferability. The Except as permitted by the Board, the Option shall not be transferable other than by will or by the laws of descent and distribution distribution, and, during the lifetime of the Optionee's lifetime, the Option shall not be exercisable only by any person other than the Optionee.
Appears in 5 contracts
Samples: Stock Option Agreement (Hienergy Technologies Inc), Stock Option Agreement (Hienergy Technologies Inc), Stock Option Agreement (Hienergy Technologies Inc)
Transferability. The Option shall option is not be transferable other otherwise than by will or the laws of descent and distribution andand may be exercised, during the lifetime of the Optionee's lifetime, shall not be exercisable only by any person other than the Optionee.
Appears in 4 contracts
Samples: Qualified Stock Option Agreement (MTR Gaming Group Inc), Qualified Stock Option Agreement (MTR Gaming Group Inc), Qualified Stock Option Agreement (MTR Gaming Group Inc)
Transferability. The Option shall is not be transferable other than by the Optionee except by will or pursuant to the laws of descent and distribution anddistribution, and is exercisable during the Optionee's lifetimelifetime only by the Optionee or, shall not be exercisable in the event of disability or incapacity, by any person other than the Optionee's guardian or legal representative.
Appears in 4 contracts
Samples: Non Statutory Stock Option Agreement (Greene John F), Non Statutory Stock Option Agreement (Butler Samuel J), Stock Option Agreement (Colorado Wyoming Reserve Co)
Transferability. The This Option shall not be transferable other than by will or by the laws of descent and distribution and, during the Optionee's lifetime, shall not be exercisable by any person other than the Optioneedistribution.
Appears in 4 contracts
Samples: Unit Purchase Option Agreement (Scorpion Performance, Inc.), Non Qualified Stock Option Agreement (Cyber Care Inc), Non Qualified Stock Option Agreement (Cyber Care Inc)
Transferability. The This Option shall is not be transferable other otherwise than by will or the laws of descent and distribution and, and during the Optionee's lifetime, shall not be lifetime of the Optionee is exercisable only by any person other than the Optionee.
Appears in 3 contracts
Samples: Option Agreement (Dental Care Alliance Inc), Option Agreement (Rubinson Mitchell), Rubinson Mitchell
Transferability. The Option shall not be transferable other than by will or by the laws of descent and distribution and, during distribution. During the lifetime of the Optionee's lifetime, the Option shall not be exercisable only by any person other than the Optionee.
Appears in 3 contracts
Samples: Stock Option Agreement (Zep Inc.), Nonqualified Stock Option Agreement (Acuity Brands Inc), Stock Option Agreement (Hienergy Technologies Inc)
Transferability. The Option shall not be is non transferable other otherwise than by will or the laws of descent and distribution and, and during the Optionee's lifetime, shall not be lifetime of the Optionee is exercisable only by any person other than the Optionee.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Smith Gardner & Associates Inc)
Transferability. The Option shall not be transferable by the Optionee other than by will or the laws of descent and distribution and, during the Optionee's lifetime, shall not be exercisable by any person other than the Optioneedistribution.
Appears in 1 contract
Samples: Stock Option Agreement (York International Corp /De/)
Transferability. The Option shall not be transferable other than by will or the laws of descent and distribution and, during the Optionee's ’s lifetime, shall not be exercisable by any person other than the Optionee.
Appears in 1 contract
Samples: Stock Option Agreement (National Medical Health Card Systems Inc)
Transferability. The Option Options shall be exercised during the Optionee's lifetime only by the Optionee and shall not be assignable or transferable other otherwise than by will or by the laws of descent and distribution and, during the Optionee's lifetime, shall not be exercisable by any person other than the Optioneedistribution.
Appears in 1 contract
Transferability. The Option granted to the Optionee under this Agreement shall not be transferable or assignable by the Optionee other than by will or the laws of descent and distribution anddistribution, and shall be exercisable during the Optionee's lifetime, shall not be exercisable lifetime only by any person other than the Optioneehim.
Appears in 1 contract
Samples: Employment Inducement Stock Option Agreement (Input Output Inc)
Transferability. The Option shall not be transferable other than by will or the laws --------------- of descent and distribution and, during the Optionee's lifetime, shall not be exercisable by any person other than the Optionee.
Appears in 1 contract
Transferability. The Neither the First Option nor the Additional Options shall not be transferable other than by will or the laws of descent and distribution and, during the Optionee's lifetime, shall not be exercisable by any person other than the Optionee.
Appears in 1 contract
Samples: Consulting Agreement (E Data Corp)
Transferability. The Option All Options shall not be transferable other than except by will or by the laws of descent and distribution anddistribution, and shall be exercisable during the Optionee's lifetime, shall not be exercisable lifetime of the Optionee only by any person other than such person. Notwithstanding the Optionee.foregoing:
Appears in 1 contract
Transferability. The Option shall not be transferable other than by will or by the applicable laws of descent and distribution and, during distribution. During the lifetime of the Optionee's lifetime, the Option shall not be exercisable only by any person other than the Optionee.
Appears in 1 contract
