Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option may be pledged, encumbered, or hypothecated to or in favor of any party, or shall be subject to any lien, obligation, or liability of Optionee to any other party. The Option is not assignable or transferable by Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.
Appears in 4 contracts
Sources: Non Statutory Stock Option Certificate (CoastalSouth Bancshares, Inc.), Non Statutory Stock Option Certificate (CoastalSouth Bancshares, Inc.), Incentive Stock Option Certificate (CoastalSouth Bancshares, Inc.)
Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option may be pledged, encumbered, or hypothecated to or in favor of any partyparty other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other partyparty other than the Company or an Affiliate. The Option is not assignable or transferable by Optionee other than by will or the laws of descent and distribution, but the Committee may (but need not) permit other transfers. The Option may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.
Appears in 4 contracts
Sources: Nonstatutory Stock Option Award Agreement (Roper Technologies Inc), Non Statutory Stock Option Certificate (Roper Technologies Inc), Non Statutory Stock Option Certificate (Roper Industries Inc /De/)
Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option Options may be pledged, encumbered, or hypothecated to or in favor of any partyparty other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other partyparty other than the Company or an Affiliate. The Option is Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution. The Option Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transfereeOptionee.
Appears in 4 contracts
Sources: Incentive Stock Option Agreement (Scansource Inc), Incentive Stock Option Agreement (Knology Inc), Incentive Stock Option Agreement (Cti Molecular Imaging Inc)
Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option Options may be pledged, encumbered, or hypothecated to or in favor of any partyparty other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other partyparty other than the Company or an Affiliate. The Option is Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution, but the Committee may (but need not) permit other transfers. The Option Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.
Appears in 2 contracts
Sources: Non Statutory Stock Option Certificate (PSS World Medical Inc), Non Statutory Stock Option Certificate (PSS World Medical Inc)
Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option Options may be pledged, encumbered, or hypothecated to or in favor of any partyparty other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other partyparty other than the Company or an Affiliate. The Option is Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Adams Respiratory Therapeutics, Inc.)
Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option Options may be pledged, encumbered, or hypothecated to or in favor of any partyparty other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other partyparty other than the Company or an Affiliate. The Option is Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution. The distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option may be exercised during under the lifetime of Optionee only by Optionee or any permitted transfereePlans.
Appears in 1 contract
Sources: Non Statutory Stock Option Agreement (Adams Respiratory Therapeutics, Inc.)
Restrictions on Transfer and Pledge. No right or interest of Optionee in the Option may be pledged, encumbered, or hypothecated to or in favor of any partyparty other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other partyparty other than the Company or an Affiliate. The Option is not assignable or transferable by Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Smartfinancial Inc.)