Transfer of Option definition

Transfer of Option. The Option is not transferable except by will or by the applicable laws of descent and distribution.
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Transfer of Option. Unless otherwise permitted by applicable law and approved in writing in advance by the Company, the Option shall not be transferable by the Subscriber and shall be exercisable during the Subscriber’s lifetime, only by such Subscriber or his or her guardian or legal representative in the event of the Subscriber’s incapacity.
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Transfer of Option. Unless otherwise permitted by applicable law and approved in advance by the Company in its sole discretion, the Option shall not be transferable by the Subscriber and shall be exercisable during the Subscriber's lifetime, only by such Subscriber or his or her guardian or legal representative in the event of the Subscriber's incapacity. Except as otherwise permitted herein, the Option shall not be assigned, pledged, hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment, or similar process and any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted thereunto contrary to the provisions of this Paragraph, or the levy of any attachment or similar process shall be null and void. This Paragraph shall not however prevent transfers by will or by the applicable laws of descent and distribution.
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Examples of Transfer of Option in a sentence

  • Transfer of Option During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise the option.

  • Transfer of Option Prior to your death, only you may exercise this Option.

  • Nothing contained herein shall relieve Optionee of any restriction on sale or other Transfer of Option Shares provided thereby and any other restrictions of sale or other Transfer of Option Shares provided herein (including in an Option Award Agreement or in the Plan) shall be in addition to and not in lieu of any other restrictions provided thereby.

  • Transfer of Option Prior to your death, only you may exercise this option.

  • In addition, notwithstanding anything herein to the contrary, neither the Transfer of Shares in connection with the terms of any Share Indebtedness nor the Transfer of Option Common Stock shall be subject to the restrictions on Transfer set forth in this Section 1.1 (such Transfers referred to herein as the "PERMITTED TRANSFERS").

  • Transfer of Option In general, only you can exercise this Option prior to your death.

  • If the Transfer would violate any such law or agreement and the Optionee nevertheless attempts or purports to engage in a Transfer of Option Shares, then the Corporation shall not recognize such Transfer on the books and records of the Corporation and such Transfer will be null and void ab initio.

  • Transfer of Option During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise this Option.

  • Prior to consummating, or committing to consummate, any Transfer of Option Shares to any Person (including any Permitted Transferee), the transferor of such Option Shares shall cause each prospective transferee thereof to execute and deliver to the Company a Successor Agreement.

  • Transfer of Option During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise the Option.


More Definitions of Transfer of Option

Transfer of Option section of the Agreement is amended by deleting such section in its entirety and replacing it with the following: “Except as provided in the following paragraph, during your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise the Option. Other than by will or the laws of descent and distribution, the Option may not be sold, assigned, transferred, pledged, hypothecated, or otherwise encumbered, whether by operation of law or otherwise, nor may the Option be made subject to execution, attachment, or similar process. If you attempt to do any of these things, you will immediately and automatically forfeit your Option. Notwithstanding these restrictions on transfer but subject to such limitations as the Chief Executive Officer of the Company or the General Counsel of the Company may impose, you may transfer all or part of the vested portion of the Option to a Family Member, subject to the terms and conditions set forth in the Plan and a Non-Qualified Stock Option Transfer Agreement in the form approved by the Committee, to be entered into between you, the Company and such trust.”
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Transfer of Option. This option and the rights and privileges conferred hereby may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than by will, by the applicable laws of descent and distribution or pursuant to the terms of a QDRO, and shall not be subject to execution, attachment or similar process. Any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of any right or privilege conferred hereby, contrary to the Code or to the provisions of this Agreement, or sale or levy or any attachment or similar process upon the rights and privileges conferred hereby shall be null and void.
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Transfer of Option. This option is not transferable except by will or by the applicable laws of descent and distribution. NO STATUS AS SHAREHOLDER: Neither you nor any party to whom your rights and privileges under the option pass will be, or have any of the rights or privileges of, a shareholder of the Company with respect to any of the shares issuable upon the exercise of this option unless and until this option has been exercised.
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Transfer of Option. The option is not transferable except by will or by the applicable laws of descent and distribution. Vesting: The option will vest and become exercisable according to the following schedule: Date on and After Which Portion of Total Option Option Is Exercisable Which Is Exercisable ------------------------------------ ------------------------------------ June 7, 2000 33% June 7, 2001 66% June 7, 2002 100% Change of Control: In the event of a Change of Control (as defined in your Change of Control Agreement dated June 7, 1999), the option vesting will accelerate and the option will be exercisable as follows:
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Related to Transfer of Option

  • Transfer of Control means, with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Controller of such eNote.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Transfer of ownership Includes, but is not limited to, the conveyance of a Mortgaged Property, whether legal or equitable, voluntary or involuntary, by any of the following methods:

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

  • Transfer of Technology means dissemination and transfer of all forms of commercially usable knowledge such as transfer of know-how, skills, technical expertise, designs, processes and procedures, trade secrets, which enables the acquirer of such technology to perform activities using the transferred technology independently. (Matters of interpretation of this term shall be referred to the Registration Committee constituted by the Department for Promotion of Industry and Internal Trade, and the interpretation of the Committee shall be final.)