Common use of Nonassignability of Option Rights Clause in Contracts

Nonassignability of Option Rights. This Option shall not be --------------------------------- assignable or transferable by the Optionee except by will or by the laws of descent and distribution. During the life of the Optionee, this Option shall be exercisable only by him or her./*/

Appears in 2 contracts

Sources: Proxy Statement, Proxy Statement

Nonassignability of Option Rights. This Option shall not be --------------------------------- assignable or transferable by the Optionee except by will or by the laws of descent and distribution. During the life of the Optionee, this Option shall be exercisable only by him or her./*/him.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Siebel Systems Inc)