Nontransferability of Options. The Option is nontransferable by the Participant other than by will or the laws of descent and distribution, and, during the lifetime of a Participant, the Option may be exercised only by the Participant or by the Participant’s guardian or legal representative.
Appears in 4 contracts
Sources: Retention Bonus Award Agreement (Neogen Corp), Stock Option Award Agreement (Neogen Corp), Stock Option Award Agreement (Neogen Corp)
Nontransferability of Options. The Option is nontransferable No option may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the a Participant other otherwise than by will or the laws of descent and distribution, and, and during the lifetime of a Participant, the Option Participant to whom an option is granted it may be exercised only by the Participant or by the Participant’s 's guardian or legal representative. Notwithstanding the foregoing, options may be transferred pursuant to a qualified domestic relations order.
Appears in 3 contracts
Sources: Stock Option Agreement (Goldman Sachs Group Lp), Stock Option Agreement (Goldman Sachs Group Lp), Stock Option Agreement (Goldman Sachs Group Lp)
Nontransferability of Options. The Option is nontransferable by the Participant other than by will or the laws of descent and distribution, and, during the lifetime of a an Participant, the Option may be exercised only by the Participant or by the Participant’s 's guardian or legal representative.
Appears in 2 contracts
Sources: Stock Option Agreement (Energy Conversion Devices Inc), Stock Option Agreement (Energy Conversion Devices Inc)