Common use of Exercise by Optionee Clause in Contracts

Exercise by Optionee. During the lifetime of the Optionee, only the Optionee (or, in the event of the Optionee's legal incapacity or incompetency, the Optionee's guardian or legal representative) may exercise the Option.

Appears in 9 contracts

Sources: Non Incentive Share Option Agreement (Guilford Pharmaceuticals Inc), Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc)

Exercise by Optionee. During the lifetime of the Optionee, only the Optionee (or, in the event of the Optionee's ’s legal incapacity or incompetency, the Optionee's ’s guardian or legal representative) may exercise the Option.

Appears in 4 contracts

Sources: Stock Option Agreement (Sunrise Senior Living Inc), Share Option Agreement (Guilford Pharmaceuticals Inc), Non Incentive Share Option Agreement (Colonial Properties Trust)

Exercise by Optionee. During the lifetime of the Optionee, only the Optionee (or, in the event of the Optionee's legal incapacity or incompetencyincompetence, the Optionee's guardian or legal representative) may exercise the Option.

Appears in 3 contracts

Sources: Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc), Stock Option Agreement (Informax Inc)

Exercise by Optionee. During the lifetime of the Optionee, only the Optionee (or, in the event of the Optionee's ’s legal incapacity or incompetencyof incompetence, the Optionee's ’s guardian or legal representative) may exercise the OptionOptions.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Central European Distribution Corp), Incentive Stock Option Agreement (Central European Distribution Corp)

Exercise by Optionee. During the lifetime of the Optionee, only the -------------------- Optionee (or, in the event of the Optionee's legal incapacity or incompetencyincompetence, the Optionee's guardian or legal representative) or a permitted transferee of the Optionee may exercise the Option.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (E Trade Group Inc)

Exercise by Optionee. During the lifetime of the Optionee, only the Optionee (or, in the event of the Optionee's ’s legal incapacity or incompetency, the Optionee's ’s guardian or legal representative) or a person or entity to whom the Optionee has transferred the Option in accordance with Section 5 hereof may exercise the Option.

Appears in 1 contract

Sources: Stock Option Agreement (Ps Business Parks Inc/Ca)

Exercise by Optionee. During the lifetime of the Optionee, only the Optionee (or, in the event of the Optionee's ’s legal incapacity or incompetency, the Optionee's ’s guardian or legal representative) or a person or entity to whom the Optionee has transferred the Option in accordance with Section 6 hereof may exercise the Option.

Appears in 1 contract

Sources: Non Qualified Share Option Agreement (Ps Business Parks Inc/Ca)