An Option is personal to the Participant. An Option cannot be transferred, assigned, charged or otherwise disposed of. On the death of a Participant, his Option can be transmitted to his personal representatives.
Appears in 2 contracts
Sources: Global Share Option Plan (Bt Group PLC), Astrazeneca Share Option Plan (Astrazeneca PLC)
An Option is personal to the Participant. An Option cannot be transferred, assigned, charged or otherwise disposed of. On the death of a Participant, his Option Options can be transmitted to his personal representatives.
Appears in 1 contract