Common use of Assignment and Transferability Clause in Contracts

Assignment and Transferability. Notwithstanding anything to the contrary in this Agreement, neither the Option, this Agreement nor any rights granted herein shall be assignable or transferable by the Optionee, other than by will or the laws of descent or distribution, or as otherwise determined by the Administrator for estate planning purposes.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Enovation Controls, Inc.), Omnibus Incentive Plan (JGWPT Holdings Inc.)

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Assignment and Transferability. Notwithstanding anything to the contrary in this Agreement, neither the Option, this Agreement nor any rights granted herein shall be assignable or transferable by the Optionee, other than by will or the laws of descent or distribution, or as otherwise determined by the Administrator Committee for estate planning purposes.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Nuvectra Corp), 2016 Equity Incentive Plan (Nuvectra Corp)

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