Persons Eligible to Exercise. This option shall be exercisable during the Participant's lifetime only by the Participant. This option is not transferable, except that the Participant may transfer this option (a) by a valid beneficiary designation made in a form and manner acceptable to the Committee, or (b) by will or the applicable laws of descent and distribution.
Appears in 3 contracts
Sources: Executive Employment Agreement (Mile High Brewing Co), Executive Employment Agreement (Mile High Brewing Co), Nonqualified Stock Option Agreement (A Consulting Team Inc)
Persons Eligible to Exercise. This option Option shall be exercisable during the Participant's lifetime only by the Participant. This option Option is not transferable, except that the Participant may transfer this option Option (a) by a valid beneficiary designation made in a form and manner acceptable to the Committee, or (b) by will or the applicable laws of descent and distribution.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (A Consulting Team Inc)