Non-Transferability and Other Restrictions. The Option and any other rights of the Participant under this Option Agreement or the Plan are nontransferable and exercisable only by the Participant, except as set forth in Section 7.2 of the Plan. Any shares of Common Stock issued on exercise of the Option are subject to substantial restrictions on transfer, and are subject to call, rights of first refusal, and other rights as set forth herein, in the Exercise Agreement and the Stockholders’ Agreement.
Non-Transferability and Other Restrictions. The Option and any other rights of the Participant under this Option Agreement or the Plan are nontransferable and exercisable only by the Participant, except as set forth in Section 1.8 of the Plan.
Non-Transferability and Other Restrictions. The Option and any other rights of the Participant under this Option Agreement are nontransferable and exercisable only by the Participant, except as set forth below. The exercise and transfer restrictions set forth above will not apply to: • transfers to the Corporation, • the designation of a beneficiary to receive benefits in the event of the Participant’s death or, if the Participant has died, transfers to or exercise by the Participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution, • transfers pursuant to a qualified domestic relations order if approved or ratified by the Corporation, • if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by her legal representative, • the authorization by the Corporation of “cashless exercise” procedures consistent with applicable laws and the express authorization of the Corporation, or • upon approval by the Corporation, transfers to certain persons or entities related to the Participant, subject to the condition that the Corporation receive evidence satisfactory to it that the transfer is being made for essentially estate and/or tax planning purposes on a gratuitous or donative basis and without consideration (other than nominal consideration or in exchange for an interest in a qualified transferee). Absent an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”), (and/or compliance with any applicable state securities law registration requirements) covering the disposition of this Option or the Common Stock issued or issuable upon exercise of this Option, neither this Option nor the Common Stock issued or issuable upon exercise of this Option may be sold, transferred, assigned, hypothecated or otherwise disposed of without first providing the Corporation with evidence reasonably satisfactory to the Corporation that such sale, transfer, assignment, hypothecation or other disposal will be exempt from the registration and prospectus delivery requirements of applicable federal and state securities laws and regulations.
Non-Transferability and Other Restrictions. The Option and any other rights of the Participant under this Option Agreement or the Plan are non-transferable and exercisable during the Participant’s lifetime only by the Participant, other than by will or by the laws of descent and distribution. Any Ordinary Shares issued on exercise of the Option are subject to substantial restrictions on transfer, and are subject to rights of first refusal and other rights in favor of the Company as set forth herein and in the Exercise Agreement. The Participant will be entitled to any dividends on Ordinary Shares issued upon the exercise of the Option. The Participant hereby authorizes the Administrator or its nominee to hold all such Ordinary Shares for his or her benefit.
Non-Transferability and Other Restrictions. The Option and any other rights of the Participant under this Option Agreement or the Plan are nontransferable and exercisable only by the Participant, except as set forth in Section 5.6 of the Plan. Any shares of Common Stock issued on exercise of the Option are subject to substantial restrictions on transfer, and are subject to call, rights of first refusal, and other rights in favor of the Corporation as set forth herein and in the Exercise Agreement. The Articles of Incorporation and Bylaws of the Corporation, as either of them may be amended from time to time, may provide for additional restrictions and limitations with respect to the Common Stock (including additional restrictions and limitations on the transfer of shares). To the extent that these restrictions and limitations are more restrictive than those set forth in this Agreement, such restrictions and limitations shall apply to the shares of Common Stock acquired upon exercise of the Option. Such restrictions and limitations are not, however, in lieu of, nor shall they in any way reduce or minimize, any limitation or restriction on the shares of Common Stock acquired upon exercise of the Option imposed under this Agreement.
Non-Transferability and Other Restrictions. The Option and any other rights of the Executive under this Option Agreement or the Plan are nontransferable and exercisable only by the Executive, except as set forth in Section 1.9 of the Plan.
Non-Transferability and Other Restrictions. Except as otherwise stipulated in this Agreement or pursuant to the written consent of the Administrator, the Restricted Shares and any interests therein shall not, directly or indirectly, be offered, sold or transferred or disposed of (nor shall the holder of any such Restricted Shares agree to do any of the foregoing) (collectively, a “Transfer”) prior to whichever is the later to occur of (a) the end of the Restriction Period or (b) the occurrence of a Triggering Event. Any attempt to effectuate a Transfer shall immediately become null and void, and any unvested Restricted Shares shall immediately be forfeited. The Participant hereby acknowledges and agrees that the Administrator shall have the full and sole discretion as permitted by Applicable Laws in deciding the extent to which, and stipulating terms and conditions under which, a Transfer of any Restricted Shares may be permitted prior to the later to occur of (a) the end of the Restriction Period or (b) a Triggering Event. In the event of such a Transfer of part or all of the Restricted Shares held by the Participant, as consented to by the Administrator, the Participant hereby acknowledges and agrees that he or she will ensure that the transferee will be subject to and comply with the same terms, conditions, requirements and restrictions as those imposed on the Participant by the Company and the Administrator in connection with the Restricted Shares granted hereunder.
Non-Transferability and Other Restrictions. The Option and any other rights of the Optionee under this Option Agreement are nontransferable and exercisable only by the Optionee, except that such transfers and exercise restrictions shall not apply to: • transfers to the Corporation; • subject to approval by the Administrator in its sole discretion, transfers by gift or domestic relations order to one or more “family members” (as that term is defined in SEC Rule 701 promulgated under the Securities Act of 1933, as amended from time to time (the “Securities Act”)) of the Optionee; • the designation of a beneficiary to receive benefits if the Optionee dies or, if the Optionee has died, transfers to or exercises by the Optionee’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution; or • if the Optionee has suffered a disability, permitted transfers or exercises on behalf of the Optionee by the Optionee’s duly authorized legal representative. • Any shares of Common Stock issued on exercise of the Option are subject to substantial restrictions on transfer, and are subject to call, rights of first refusal, and other rights in favor of the Corporation as set forth herein and in the Exercise Agreement.
Non-Transferability and Other Restrictions. The Option and any other rights of the Participant under this Option Agreement or the Plan are nontransferable and exercisable only by the Participant, except as set forth in Section 7.2 of the Plan. Any shares of Common Stock issued on exercise of the Option are subject to substantial restrictions on transfer, and are subject to call, rights of first refusal, and other rights in favor of the Corporation as set forth herein, in the Exercise Agreement, in the Voting Agreement and in the Co-Sale Agreement (as applicable). The restrictions imposed on any such shares pursuant to the Voting Agreement and the Co-Sale Agreement are in addition to, and not in lieu of, any restrictions and repurchase rights imposed on such shares pursuant to the Plan and this Option Agreement.
Non-Transferability and Other Restrictions. The Award and any other rights of the Grantee under this Award Agreement are nontransferable and exercisable only by the Grantee, except that such transfer and exercise restrictions shall not apply to: • transfers to the Corporation; • the designation of a beneficiary to receive benefits if the Grantee dies or, if the Grantee has died, transfers to or exercises by the Grantee’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution; • if the Grantee has suffered a disability, permitted transfers or exercises on behalf of the Grantee by the Grantee’s duly authorized legal representative; or • transfers pursuant to a qualified domestic relations order.
