Persons Entitled to Exercise. During the Optionees lifetime, this Option can only be exercised by the Optionee, and neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or other transfer of this Option or any right hereunder or in the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
Persons Entitled to Exercise. The Option, to the extent then exercisable, may be exercised prior to the expiration of the Option Period:
Persons Entitled to Exercise. The Option may be exercised:
Persons Entitled to Exercise. During Employee's lifetime, this Option can only be exercised by Optionee, and neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the even of any alienation, assignment, pledge, hypothecation, or other transfer of this Option or any right hereunder, or in the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
Persons Entitled to Exercise. Prohibited Transfers and Encumbrances. During Optionee's lifetime, unless expressly waived by the Company, this Option can only be exercised by Optionee, and neither this Option nor any right hereunder can be transferred other than by testamentary disposition or the laws of descent and distribution. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any alienation, assignment, pledge, hypothecation, or other transfer of this Option or any right hereunder or in the event of any levy, attachment, execution, or similar process, other than as provided herein, this Option and all rights granted hereunder shall be immediately null and void.
Persons Entitled to Exercise. During the Optionee's lifetime, this Option can only be exercised by the Optionee, unless Company receives a written notarized assignment by Optionee which shall be valid only in the following fashion, to wit: 50% of any remaining option rights by the David Michael Irrevocable Trust, xxx 00% xx xny remaining option rights by the Alexandr W. Senkovski Irrevocable Xxxxx. Xeither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process.
Persons Entitled to Exercise. During the Optionee's lifetime, this Option can only be exercised by the Optionee, or its assigns. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process.
Persons Entitled to Exercise. Restrictions on Transfer. This Option can only be exercised by the Optionee, and neither this Option nor any right hereunder can be transferred. Neither this Option nor any right hereunder shall be subject to lien, attachment, execution, or similar process. In the event of any levy, attachment, execution, or similar process, this Option and all rights granted hereunder shall be immediately null and void.
Persons Entitled to Exercise. During the Optionee's lifetime, this Option can only be exercised by the Optionee or its successors and assigns or by its members in the event of an in-kind liquidating distribution thereto.
Persons Entitled to Exercise. During his lifetime, no person other than the Optionee, or if a guardian or legal representative has been appointed for the Optionee, the Optionee's guardian or legal representative, as the case may be, shall be entitled to exercise the Option. After the Optionee's death, no person other than the person or persons to whom the Option is transferred pursuant to the Optionee's Last Will and Testament, or if the Optionee died intestate, as provided by the applicable laws of descent and distribution, shall be entitled to exercise the Option.
