Non-Transferability of Options. The Options may be exercised only by the Employee. The Options are not assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise) other than by will or by the laws of descent and distribution to the estate of the Employee upon the Employee’s death or with the Company’s consent.
Appears in 15 contracts
Sources: Employee Stock Option Agreement (Univar Inc.), Employee Stock Option Agreement (Univar Inc.), Employee Stock Option Agreement (Servicemaster Co, LLC)
Non-Transferability of Options. The Options may be exercised only by the EmployeeAssociate. The Options are not assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise) other than by will or by the laws of descent and distribution to the estate of the Employee Associate upon the EmployeeAssociate’s death or with the Company’s consent.
Appears in 12 contracts
Sources: Employee Stock Option Agreement (Servicemaster Global Holdings Inc), Employee Stock Option Agreement, Employee Stock Option Agreement (Servicemaster Global Holdings Inc)
Non-Transferability of Options. The Options may be exercised only by the Employee. The Options are not assignable or transferable, in whole or in part, and they it may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise) other than by will or by the laws of descent and distribution to the estate of the Employee upon the Employee’s death or with the Company’s consentpursuant to Section 5.
Appears in 2 contracts
Sources: Employee Stock Option Agreement (VWR International, Inc.), Employee Stock Option Agreement (VWR International, Inc.)
Non-Transferability of Options. The Options may be exercised only by the EmployeeDirector. The Options are not assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise) other than by will or by the laws of descent and distribution to the estate of the Employee Director upon the EmployeeDirector’s death or with the Company’s consent.
Appears in 2 contracts
Sources: Director Stock Option Agreement (Hertz Global Holdings Inc), Director Stock Option Agreement (Hertz Global Holdings Inc)