Common use of Restrictions on Exercise and Transfer Clause in Contracts

Restrictions on Exercise and Transfer. The Option and the rights of the Optionee in the Options and under this Agreement may not be transferred except upon the Optionee's death as provided by Section 5(c) hereof.

Appears in 3 contracts

Sources: Stock Option Agreement (Miller Industries Inc), Stock Option Agreement (Miller Industries Inc), Stock Option Agreement (Miller Industries Inc)

Restrictions on Exercise and Transfer. The Option and the rights of the Optionee in the Options Option and under this Agreement may not be transferred except upon the Optionee's death as provided by Section 5(c) hereof.

Appears in 1 contract

Sources: Employee Stock Option Agreement (American Communications Enterprises Inc)