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) or a person or entity to whom the Optionee has transferred the Option in accordance with Section 6 hereof may exercise the Option. The Optionee agrees to comply with any trading blackout periods and securities trading policies implemented by the Company.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Ps Business Parks Inc/Ca), Non Qualified Stock Option Agreement (Ps Business Parks Inc/Ca)