Common use of Non-Transferability of Option Clause in Contracts

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 167 contracts

Samples: Stock Option Agreement (Tenon Medical, Inc.), Stock Option Agreement (Tenon Medical, Inc.), Employment Agreement (Realpage Inc)

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Non-Transferability of Option. This Option option may not be transferred in any manner sold, assigned, transferred, pledged or otherwise than encumbered by the Participant, either voluntarily or by operation of law, except by will or by the laws of descent or distribution and may be exercised distribution, and, during the lifetime of Participant the Participant, this option shall be exercisable only by the Participant.

Appears in 21 contracts

Samples: Non Statutory Stock Option Agreement (Switchboard Inc), Stock Option Agreement (Switchboard Inc), Stock Option Agreement (Switchboard Inc)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Participant.

Appears in 10 contracts

Samples: Advisor Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Participant only by the Participant. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

Appears in 8 contracts

Samples: Stock Option Agreement (Landmark Bancshares Inc), Option Agreement (Landmark Bancshares Inc), Option Agreement (Swva Bancshares Inc)

Non-Transferability of Option. This The Option may not be transferred in any manner otherwise other than by will or by the laws of descent or distribution and distribution, and may be exercised during the lifetime of Participant only by Participant or in the event of Participant’s death or incapacity, by Participant’s heir(s) or legal representative, as the case may be. The terms of the Option shall be binding upon the executors, administrators, and heir(s) of Participant.

Appears in 6 contracts

Samples: Stock Option Agreement (United Microelectronics Corp), Stock Option Agreement (United Microelectronics Corp), 2004 Employee Stock Option Plan for Employees (United Microelectronics Corp)

Non-Transferability of Option. This The Option may not be transferred in any manner otherwise other than by will or by the laws of descent or and distribution and may be exercised during the lifetime of Participant only by Participant. The terms of the Option shall be binding upon the executors, administrators, successors and assigns of Participant.

Appears in 5 contracts

Samples: Form of Stock Option Agreement (Legend Oil & Gas, Ltd.), – Stock Option Agreement (Legend Oil & Gas, Ltd.), Stock Option Agreement (Pacific Biometrics Inc)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Participant only by the Participant.

Appears in 4 contracts

Samples: Inducement Stock Option Agreement (CareDx, Inc.), Stock Option Agreement (CareDx, Inc.), Stock Option Agreement (Jasper Therapeutics, Inc.)

Non-Transferability of Option. This The Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 4 contracts

Samples: Option Award Agreement (Sorrento Therapeutics, Inc.), Stock Option Award Agreement (Cyan Inc), Equity Incentive (Cyan Inc)

Non-Transferability of Option. This Unless determined otherwise by the Administrator, this Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 4 contracts

Samples: Stock Option Award Agreement (Utstarcom Inc), Stock Option Award Agreement (Utstarcom Inc), Stock Option Award Agreement (Utstarcom Inc)

Non-Transferability of Option. This Option Participant may not be transferred in any manner anticipate, alienate, attach, sell, assign, pledge, encumber, charge or otherwise transfer the Option other than by will or by the laws of descent or distribution and may distribution. The Option shall be exercised exercisable, during the lifetime of Participant Participant’s lifetime, only by Participant.

Appears in 3 contracts

Samples: Award Agreement (Ensysce Biosciences, Inc.), Award Agreement (Ensysce Biosciences, Inc.), Notice And (Ensysce Biosciences, Inc.)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or and distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 3 contracts

Samples: Stock Option Agreement (Transphorm, Inc.), Incentive Plan Stock Option Agreement (CXApp Inc.), Stock Option Agreement (Transphorm, Inc.)

Non-Transferability of Option. This Option may not be transferred or assigned in any manner otherwise other than by will or by the laws of descent or and distribution and may be exercised during the lifetime of Participant only by Participant. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Participant.

Appears in 2 contracts

Samples: Director Stock Option Agreement (Nutracea), Director Stock Option Agreement (Nutracea)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution applicable law and may be exercised during the lifetime of Participant only by Participant.

Appears in 2 contracts

Samples: Incentive Plan Stock Option Award Agreement (Aruba Networks, Inc.), Incentive Plan Stock Option Award Agreement (Aruba Networks, Inc.)

Non-Transferability of Option. This Option may option shall not be transferred in any manner otherwise transferable by the Participant, other than by will or by the laws of descent or distribution and may be exercised during distribution. During the lifetime of Participant the Participant, this option shall be exercisable only by the Participant.

Appears in 2 contracts

Samples: Non Incentive Stock Option Agreement (Nuvera Communications, Inc.), Non Incentive Stock Option Agreement (Nuvera Communications, Inc.)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise other than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 2 contracts

Samples: Stock Option Agreement (Apptio Inc), Option Agreement (Arcadia Biosciences, Inc.)

Non-Transferability of Option. This The Option may is not be transferred in any manner otherwise than transferable by the Participant except by will or by the laws of descent or distribution and may be exercised distribution, and is exercisable during the Participant's lifetime of Participant only by the Participant, in accordance with the terms and provisions of the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Emc Corp), Emc Corp

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by him or her. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of Participant.

Appears in 2 contracts

Samples: 2001 Stock Plan Stock Option Agreement (Irwin Financial Corp), Stock Plan Stock Option Agreement (Irwin Financial Corp)

Non-Transferability of Option. This Except as otherwise set forth in the Plan, this Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 2 contracts

Samples: Stock Option Agreement (Y-mAbs Therapeutics, Inc.), Stock Option Agreement (Y-mAbs Therapeutics, Inc.)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise other than by will or by the laws of descent or and distribution and may be exercised during the lifetime of Participant only by Participant. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Participant.

Appears in 2 contracts

Samples: Incentive Plan Stock Option Agreement (Cellegy Pharmaceuticals Inc), Stock Option Agreement (Cellegy Pharmaceuticals Inc)

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Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by ParticipantParticipant and to the extent permitted under Section 5.6 under the Plan, as determined by the Administrator.

Appears in 2 contracts

Samples: Performance Incentive Plan (Fabrinet), Performance Incentive Plan (Fabrinet)

Non-Transferability of Option. This The Option may is not be transferred in any manner otherwise transferable by Participant other than by will or by the laws of descent or distribution and distribution, and the Option may be exercised during the Participant’s lifetime of Participant only by Participant. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the Option contrary to the provisions hereof, or upon the levy of any attachment or similar process upon the Option, the Option shall immediately become null and void.

Appears in 1 contract

Samples: Equity and Incentive Plan Incentive Stock Option Agreement (Scotts Liquid Gold Inc)

Non-Transferability of Option. This Option option may not be transferred in any manner sold, assigned, transferred, pledged or otherwise than encumbered by the Participant, either voluntarily or by operation of law, except by will or by the laws of descent or and distribution and may be exercised and, during the lifetime of Participant the Participant, this option shall be exercisable only by the Participant.

Appears in 1 contract

Samples: The Medicines Company (Medicines Co /De)

Non-Transferability of Option. This Option may is not be transferred in any manner transferable by the Optionee otherwise than by will or by the laws of descent or distribution and may be exercised distribution, and is exercisable during the Participant's lifetime of Participant only by the Participant.

Appears in 1 contract

Samples: Emc Corporation Stock Option Agreement (Emc Corp)

Non-Transferability of Option. This The Option may is not be transferred in any manner otherwise than transferable by the Participant except by will or by the laws of descent or distribution and may be exercised distribution, and is exercisable during the Participant’s lifetime of Participant only by the Participant, in accordance with the terms and provisions of the Plan.

Appears in 1 contract

Samples: Emc Corp

Non-Transferability of Option. This (a) The Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 1 contract

Samples: Stock Option Agreement (Blend Labs, Inc.)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution Applicable Law and may be exercised during the lifetime of Participant only by Participant.

Appears in 1 contract

Samples: Incentive Plan Stock Option Award Agreement (Aruba Networks, Inc.)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Participant only by the Participant. The terms of this Option shall be binding upon the executor, administrators, heirs, successors and assigns of the Participant.

Appears in 1 contract

Samples: Stock Option Agreement (Landmark Bancshares Inc)

Non-Transferability of Option. This Option may is not be transferred in any manner transferable by the ----------------------------- Optionee otherwise than by will or by the laws of descent or distribution and may be exercised distribution, and is exercisable during the Participant's lifetime of Participant only by the Participant.

Appears in 1 contract

Samples: Emc Corporation Stock Option Agreement (Emc Corp)

Non-Transferability of Option. This The Option may is not be transferred in any manner otherwise transferable other than by will or by the laws of descent or and distribution and may be exercised during the Participant's lifetime of Participant only by the Participant.

Appears in 1 contract

Samples: Option Agreement (Stage Ii Apparel Corp)

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by him or her. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of Participant. 8.

Appears in 1 contract

Samples: 2001 Stock Plan Stock Option Agreement (Irwin Financial Corp)

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